A truism about people is that the longer they stay in one place, the more they tend to accumulate. This goes not only for physical locations, but for relationships, too. The longer you stay married, the more physical property, real property and other intangible assets you will likely acquire. If your marriage should come to an end through divorce, substantial assets – especially of some of those assets are of high value – can become a serious matter of contention between the spouses.
It is not just the accurate assessment of asset and property value that can lead to problems. Which spouse is entitled to what property, and how assets should be divided are both frequent topics of dispute as well. Your home, your liquid assets held in a variety of retirement and pension accounts, your investment portfolio, all of these can become the subjects of a tug-of-war between you and your soon-to-be former spouse. And there is more: you may also have structured your asset holdings to reduce your tax consequences, but if the asset now needs to be liquidated this can add to your troubles.
At Brown Family Law, LLC, we assist our Utah clients in reaching fair arrangements for equitable distribution of high-value assets. We help them to assess the true value of both tangible and intangible holdings, including enterprise assets for those who own their own businesses, and help to sort out questions such as which assets are subject to distribution and which are separate instead of marital property.
Even if your divorce is amicable, asset division can still become a source of stress. Having a law firm that is experienced with complex asset distribution matters to safeguard your interests can go far to alleviating that stress. To learn more about how we can help you in a high-asset divorce, we recommend that you start with our webpage on property division, where you can also arrange for a confidential consultation with one of our attorneys.