Gregg R. Lewis

Trusted Family Law

Services In Columbus

Gregg R. Lewis
Trusted Family Law Services In Columbus

What makes a high asset divorce different?

On Behalf of | Aug 1, 2018 | High Asset Divorce |

A high asset divorce in Ohio can be a very serious situation because of the extremely high value of assets and money involved. Because of this, it can take longer to sift through assets and for the court to make judgements. It may require investigations to ensure all assets are accounted for. According to Forbes, a high asset divorce includes another layer of stress simply due to the value of assets in the case.

Common issues arise when errors are made in calculations or when assets are hidden on purpose. The best thing to do to avoid such issues is to get a team of people who are experts in high asset cases to work on your behalf. These professionals can work to make sure all assets are accounted for and that all calculations are done correctly. This is especially important if you have investment accounts to consider.

It can be difficult to judge the value of investments or certain other assets, such as life insurance. However, under the law, every asset has to be considered and valued and split accordingly. You will need to have representation to ensure that your best interests are considered during the divorce.

Since this type of divorce situation usually involves upwards of millions of dollars in assets, a court will be very careful in making judgements. However, the court can only work with the information you provide. Often, spouses become embroiled in arguments overs assets, which can delay the case. That is why having professionals who are experts in finances and this area of law are so important. This information is for education and is not legal advice.



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