Marietta High Asset Divorce Lawyer

Marietta High Asset Divorce Attorney

Ending a marriage in Georgia also requires dividing the couple’s assets. This can be challenging for any couple but is especially difficult for high-net-worth individuals. Whether you, your spouse, or both of you are high-net-worth individuals, you need a divorce lawyer who understands the financial issues you must cover in your divorce. A Marietta high-asset divorce lawyer is the ideal resource in such a case.

Those who enjoy a higher income and a wealthier lifestyle encounter particular challenges when a marriage comes to an end. Significant assets and business ownership interests are often at stake. Marietta divorce attorney Diana Whipkey Young has spent decades helping her high-income clients with these unique circumstances get favorable outcomes.

At Young Law Firm, LLC, our attorney gives every divorce client the personal attention and dedication they deserve. She will guide you through every step of your divorce and aggressively fight to protect your interests. Throughout the state of Georgia, including Cobb, Paulding, Bartow and Cherokee counties, clients come to us with unique issues and complex disputes that require the help of an experienced lawyer. You can schedule your free, 30-minute consultation at our Marietta office by calling 770-795-9596.

Making Complex Asset Division As Simple As Possible

Above all, our lawyer’s job is to identify your objectives and investigate any income or assets that may be hidden by a self-employed spouse or a business owner. She will explore every aspect of your finances and create a personalized strategy aimed at getting the assets that you desire. Our attorney’s over 40 years of experience will allow her to deftly navigate the challenges of complex asset division and find solutions that may work in your favor. Her knowledge also extends to the financial planning aspects of asset division.

Our lawyer will strive to protect the lifestyle that you have achieved, and she may team up with financial experts to find the actual value of the following assets:

• Vacation homes
• Second homes
• Rental property
• Family businesses
• Investment accounts

Even if you and your spouse have both kept meticulous financial records during your marriage, some types of assets are difficult to divide in divorce. Some assets may need to be liquidated, while others can be divided based on value. When it comes to business interests and complex investments, this is where an experienced Marietta high-asset divorce lawyer can be especially helpful to have on your side.

Trust Young Law Firm, LLC, to help you with the initial financial disclosure process. This will entail providing the court with complete financial records showing all of your assets and liabilities. Your spouse must also submit their own financial disclosure, and any errors or omissions can lead to delays in your divorce proceedings or even disputes alleging falsification of records or intentional hiding of assets.

Separate Versus Marital Property in High-Net-Worth Divorce

It is important to remember that certain types of property in divorce can qualify as either separate or marital. Separate property usually includes gifts given solely to one spouse and inheritance left specifically to them. It can also include anything they owned prior to the marriage. Marital property generally includes anything the spouses acquired during their marriage or anything purchased using funds acquired during the marriage.

Disputes can sometimes arise concerning separate property ownership claims. For example, one spouse may have owned the couple’s home before they were married, but the other may argue that the time, effort, and money put into restoring and/or renovating the house improved its value. In this situation, the court may consider the home to be marital property or partially separate property and partially marital property.

Separate and marital designations also apply to debt. The spouses not only need to divide their marital property, but also liability for any shared debt. In many cases, the spouses may choose to liquidate certain assets to pay off shared debts, effectively eliminating them from the discussion and simplifying property division. In other cases, the judge may need to determine who is liable for certain debts or how those debts can be equitably divided.

Under the equitable distribution rule for property division in Georgia, the court aims for the fairest possible division of marital property in divorce. This does not, however, mean that marital property will be divided perfectly equally between the spouses. If one spouse earns significantly more income than the other, the court may award the lower-earning spouse more marital property to account for this. In high-net-worth cases, these determinations are often complex.

Once all of the couple’s assets and liabilities have been evaluated and categorized, the court can finalize the various financial elements of their divorce. It is important for any high-net-worth individual to understand that experienced legal counsel can be a crucial asset for resolving property division, spousal support, child support, and more.

What to Expect From Your Marietta High-Asset Divorce Lawyer

It is crucial to have experienced legal counsel on your side no matter what your divorce entails, but if you are a high-net-worth individual, it is especially crucial to consult an attorney who has proven experience handling cases like yours.

Young Law Firm, LLC, provides client-focused and results-driven legal representation in every case. We have extensive experience handling cases that involve very complicated financial issues and will apply this experience to your case.

Trust Diana Whipkey Young to take the time to get to know your situation and learn as much as possible about your concerns about your divorce. It is natural to worry about your financial future and the economic toll your divorce is likely to take on your life. Beyond your financial concerns, you may also need guidance and support when it comes to other important issues like child custody and child support.

Young Law Firm, LLC, can create a uniquely tailored legal strategy designed to address your specific financial concerns for your divorce. We have successfully helped many past clients resolve high-net-worth divorce cases in Marietta and surrounding areas of Georgia, and we are confident we can provide the level of legal support you expect in your upcoming case.

Talk To A Marietta High-Income Divorce Attorney

To summarize, for knowledgeable and experienced representation from a Cobb County asset division lawyer, call us at 770-795-9596 or contact us online to set up your 30-minute initial consultation.