Dedham High Net Worth Divorce Lawyer

Dedham High Net Worth Divorce Attorney

Going through a divorce can be stressful. However, going through a divorce when you have substantial assets or income can create additional complications. At Farias Family Law, P.C., our Dedham high net worth divorce lawyers are experienced with navigating the challenges that come with these situations. We work with you to ensure your assets and financial future are protected through every step of the process.

How Can a High Net Worth Divorce Lawyer Help?

The State of Massachusetts holds a divorce rate of 1.4 per 1,000 individuals compared to its marriage rate of 5.1 per 1,000. Money definitely plays a significant role in marriage and divorce, with approximately 35% of people naming finances as the reason they experience marital trouble.

If you’re going through a high net worth divorce, the skilled team at Farias Family Law, P.C., can help. We offer extensive experience handling complex divorce litigation and familiarity with high-value property and asset divisions. Our goal is to ensure confidentiality and discretion throughout every step while keeping you informed of the process. We tailor legal strategies focused on securing a successful outcome that safeguards your financial future.

High Net Worth Divorces

High net worth divorces generally involve marital estates in excess of $1 million. This value can vary based on the types of assets, however.

Some common elements of a high net worth divorce include:

• Business ownership or partnership interests
• Retirement accounts, IRAs, and pensions
• Executive compensation packages
• Multiple real estate properties, such as the primary residence, rental properties, and vacation homes
• Investment portfolios, stocks, and bonds
• Trusts and estate plans
• Offshore assets or bank accounts
• Intellectual property and royalties
• Luxury vehicles, artwork, or collectibles

Navigating the division of these high-value assets requires a deep knowledge of Massachusetts divorce law. Financial insights and the ability to evaluate or trace assets are also imperative. The team at Farias Family Law, P.C., holds trusted relationships with financial experts and forensic accountants who can ensure all assets are brought to the table.

Alimony With High Net Worth Divorces

Spousal support can cause tension during a high-net-worth divorce process. Massachusetts courts consider the following when determining whether alimony should be awarded and for how long:

• Length of the marriage
• Lifestyle during the marriage
• Age and health of spouses
• Contributions to the marriage, including economic and non-economic
• Income and employment status of each party

The skilled attorneys at Farias Family Law, P.C., work to create a strong case either for appropriate support or to defend against an unfair alimony request. We also hold extensive knowledge in the modification and termination of alimony when circumstances change.

Child Support and Custody

High net worth divorce cases can change standard child support and custody arrangements. When determining what’s in the best interests of the children, courts also work to make sure children maintain a consistent standard of living after divorce. Support orders must also reflect actual income and not suppressed figures.

Business Ownership

If you or your spouse owns a business, the stakes in a divorce can be even higher. A business is often the most valuable marital asset. How it’s handled during a divorce can greatly impact your future.

Farias Family Law, P.C., helps business owners by:

• Determining whether the business is considered marital property
• Values the business through qualified valuation experts
• Assessing contributions of each spouse to business growth
• Negotiating buy-outs
• Structuring settlements that preserve operations

Property Division

Massachusetts is an equitable distribution state when it comes to divorce. This means that marital property is divided fairly but not necessarily equally. For high-asset couples, this can become an especially complicated process. The team at Farias Family Law, P.C., works to distinguish between marital and separate property. We identify hidden or undervalued assets and work with forensic accountants to uncover irregularities. We can also help you navigate tax implications.

Our skilled Dedham high net worth divorce lawyers negotiate for assets that align with your wishes and long-term financial goals, and are here to answer common divorce questions you may have along the way.

FAQs

Q: What Is the Average Cost for a Divorce Lawyer in Massachusetts?

A: The average cost of a divorce lawyer in Massachusetts varies greatly based on the complexity of the divorce, whether the divorce is contested, and how long the divorce process takes. Uncontested divorces and those that can be more easily resolved through mediation require less time. Some attorneys offer flat fees for simple cases as well. You may also have to pay filing fees to the court. In some cases, you may need to pay expert witnesses or costs for custody evaluations.

Q: What Is a High Net Worth Divorce?

A: A high net worth divorce involves one or both spouses possessing substantial assets. These divorces can be complex. Assets to consider may include businesses, real estate, investment portfolios, and retirement accounts. Tax consequences, spousal support, and prenuptial agreements also come into play. Litigation is likely due to the higher stakes involved, and cases often take longer to resolve than the average divorce.

Q: What Type of Lawyer Is Ideal for Divorce?

A: The ideal lawyer for a divorce is a family law attorney with experience in Massachusetts divorce laws, including custody, paternity, property division, and alimony. Cases with higher levels of conflict should approach a lawyer who has extensive experience with litigation and negotiation. If the couple has a high net worth, they should consider a high-net divorce lawyer who can help them successfully navigate the divorce process and the division of marital assets.

Q: Who Pays for a Divorce in Dedham, MA?

A: In Dedham, MA, each spouse typically pays their own legal fees when it comes to divorce. The court may order one spouse to contribute to the other’s attorney fees, however. This is generally only in cases of income disparity or if one party drags out the litigation process intentionally. The judge maintains discretion for this.

Contact a Dedham High Net Worth Divorce Lawyer

If you’re considering or preparing to go through divorce and have substantial assets at stake, contact Farias Family Law, P.C. to guide you through. We work tirelessly to protect your financial future and finalize the process successfully.

Contact us today to schedule an initial consultation.