Kennesaw High Asset Divorce Lawyer

Kennesaw High Asset Divorce Attorney

If you’re going through a divorce, it may be wise to seek legal representation to help you through the process. This is especially beneficial if you’re dealing with a high asset divorce. A Kennesaw high asset divorce lawyer not only understands Georgia divorce laws but also has experience navigating more complex cases involving high-value assets. That said, you can count on them to help you navigate these more involved situations.

At Young Law Firm, LLC, we’re committed to helping you reach a fair divorce settlement. Our founding attorney has decades of experience in family law, and she’s ready to put it to work for you.

Navigating a High Net Worth Divorce

Georgia has a fairly low divorce rate overall, with approximately 12 percent of residents in Cobb County being divorced and another 51 percent currently being married. That said, any married couple can find themselves facing a divorce. It’s helpful to have a basic understanding of the process, so you can have a plan in place.

This is all the more important if you have high-value assets or simply a large number of assets in your marriage. High asset divorces can often be more contentious because there’s more at stake. It’s wise to work with a high asset divorce lawyer, so you can settle important matters such as:

• Asset evaluation. The median value of homes in Cobb County is about $432,000. With married couples accounting for 61 percent of homeowners in the county, property tends to be a significant matter to settle during divorce proceedings. Plus, more than your home is at stake. Shared assets like bank accounts, marital property, retirement accounts, vehicles, and any other asset not protected by a trust or marriage agreement.
• Financial disclosures. To reach a divorce settlement that is fair to both parties, it’s critical that everyone is honest and upfront about their assets and debts. Financial disclosures must be exchanged with one another, and you must confirm with the court that you took this step. This is especially important in high asset divorces.
• Tax implications. Divorce also ends the financial relationship between two partners. Research indicates that family fragmentation in the United States incurs costs of at least $112 billion annually. It’s essential to consider all assets, including brokerage accounts, businesses, cash, collectibles, real estate, retirement funds, and trusts. Factors like alimony and child support can also affect your taxes.
• All other matters. While property and other assets are likely going to be the priority in a high asset divorce, you still must settle all other matters, too. This includes determining child custody and establishing a co-parenting schedule or parenting time arrangement if sole custody is granted to one parent. You also figure out whether or not you need alimony and/or child support.

Hire a High Asset Divorce Lawyer in Kennesaw You Can Count On

Young Law Firm, LLC is an experienced family law firm that has been serving residents throughout Georgia for over four decades. Founding attorney, Diana Whipkey Young, grew up in Marietta and started her career as a prosecutor for the Cobb County Solicitor’s Office, giving her a well-rounded perspective on Georgia criminal law.

Over the years, Attorney Young has established a strong reputation, earning the trust of Georgia residents and recognition from industry organizations. For example, she was nominated and accepted by the Marietta Daily Journal as one of the American Institute of Criminal Law’s Top 10 Criminal Law Attorneys in Georgia.

All this being said, you can count on us to guide you through the divorce process and ensure you get what you deserve out of the settlement.

FAQs

Q: What Is Considered a High Asset Divorce in Kennesaw?

A: High asset divorce cases in Kennesaw can be particularly complicated either because they involve a large number of assets or assets with a high value, or a combination of the two. These types of divorces still proceed the same way that a standard divorce would. The difference simply lies in the value of the property being assessed and the division method used.

Q: How Can Pre-Nuptial and Post-Nuptial Agreements Help in a High Asset Divorce in Kennesaw?

A: Pre-nuptial and post-nuptial agreements allow spouses to predetermine what happens to their finances and other assets in the case that something happens to either of them or if they separate. These legal agreements can make navigating high asset divorces easier because they provide a blueprint of sorts as to who gets what. That said, it is possible to challenge the terms of these agreements, so it’s still important to know how to navigate the process.

Q: Why Hire a High Asset Divorce Lawyer in Kennesaw?

A: Divorces involve separating lives that were not only intertwined emotionally, but also financially. That said, it’s not uncommon for divorce to get messy. Spouses may disagree about who deserves to keep certain assets, as well as who is responsible for any remaining shared debts; the stakes are even higher in high asset divorces. An experienced attorney can guide you through the process, negotiate deals, and represent you in court if all other dispute resolution methods fail.

Q: What Happens to Property in a Divorce in Kennesaw?

A: Georgia is an equitable distribution state, which means property won’t necessarily be split down the middle. Instead, spouses may be able to retain full rights over certain assets. Only community property is eligible to be divided in a divorce. This refers to property that is owned by both spouses. Separate property is protected in a divorce because it solely belongs to one spouse. This can include gifts, inheritances, or any assets acquired before or after the marriage.

Work With a Kennesaw High Asset Divorce Lawyer for Your Peace of Mind

If you’re ready to discuss your situation in more detail, our Kennesaw divorce lawyer at Young Law Firm, LLC is here to help. Contact our team at 770-824-9553 to schedule a free 30-minute consultation, so you can figure out if you want to hire a high asset divorce lawyer to guide you through it. From there, our team can assist you in initiating the filing process.