Divorce can be a difficult time in anyone’s life, especially because of all the financial considerations that the spouses need to worry about. A spouse’s financial status can be completely different after a divorce is finalized. Because of these reasons, the divorce process can sometimes be much more complicated for high-net-worth couples. If you’re a high-net-worth spouse beginning the divorce process or even simply considering divorce, you might be worried about finding a lawyer that’s right for you. No need to panic because our law firm is here to help! Read this blog to learn more about high-net-worth divorces in Massachusetts and find out how a Division of Assets and Debts Lawyer in Mansfield, MA can provide high-quality legal counseling.
WHAT IS CONSIDERED A HIGH NET WORTH DIVORCE?
In general, a high net worth divorce is any divorce between two spouses who have $1 million or more in marital assets. Understandably, this amount of assets can quickly become difficult to manage during the divorce proceedings. This is why many high-net-worth couples turn to excellent lawyers to help them through this process.
HOW ARE ASSETS DIVIDED IN MASSACHUSETTS DIVORCE?
Massachusetts is an equitable distribution state. This means that during the divorce process, marital assets are split fairly between spouses but not necessarily 50/50. The courts take a wide range of factors into consideration when determining what happens to a couple’s shared property. However, spouses may be able to make asset division decisions on their own with the help of a divorce lawyer or mediator.
WHAT ARE THE BENEFITS OF HIRING A DIVORCE LAWYER FOR HIGH-NET-WORTH CASES?
It’s best to hire an attorney for nearly any divorce case, but hiring a lawyer is practically essential for high-net-worth couples. As mentioned earlier, the divorce process can be especially difficult for spouses with complicated assets or high-value shared property. High-net-worth couples can greatly benefit from hiring an attorney who has extensive experience with high-net-worth cases. An experienced lawyer will be aware of what to expect and help you avoid common pitfalls. Handling a high-net-worth divorce on your own can be nearly impossible. Thankfully, an attorney can provide knowledge of the law, experience with complex cases, and tools to ensure a successful divorce.
Are you considering filing for divorce in Massachusetts? Are you seeking a highly experienced divorce attorney who has your best interests in mind? Look no further because the Law Offices of Cynthia L. Hanley is on your side! Contact our effective team today for an initial consultation.