Glen Burnie High Net Worth Divorce Attorneys

Experienced Lawyers for High Net Worth Divorce in Glen Burnie, Maryland

There is no denying that high net worth divorces can be extremely complicated. The financial concerns of a high net worth divorce often result in highly contested litigation, particularly when a spouse is unwilling to cede ground to the other. With the help of a Glen Burnie divorce lawyer, you can navigate a high asset dissolution of marriage with confidence.

Whether you need an aggressive litigator or a skilled negotiator at your side, Zide Law Group, LLC is ready to assist with your case. With over 50 years of shared legal experience, our attorneys are more than qualified to help you through your high net worth divorce. You can rest assured that we will do everything we can to protect your assets while keeping you informed of any developments in your divorce.

Property Division in High Net Worth Divorces

Trying to get a proper estimate for the value of your marital estate can be a daunting process. You may have more assets than you realize, such as:

• Bank accounts
• Real estate
• Business interests
• Retirement accounts, pensions, and other benefits
• Vehicles
• Valuable art and jewelry
• Investments

Depending on when you acquired any individual asset, it could be considered either marital or separate property. Property acquired before your marriage is generally considered separate property as long as it is not commingled with your marital assets. However, if the value of a piece of separate property increases during the marriage, the increase in value could be considered a marital asset.

One of the reasons couples with significant assets sign marital agreements is to clarify how property should be divided in a divorce. If you have a prenup or postnup in place, we can review it during the divorce proceedings and argue for its validity in court. No matter the case, we will aggressively defend your rights to your property and advocate for a favorable split of assets.

How Are Businesses Divided in Divorce?

Your spouse may have a claim to your business if they contributed to it with money or labor. Even if only one spouse ran the business, it may still be considered a marital asset if it was started or significantly grew in value during the marriage. If your business is judged to be a marital asset subject to division, there are many ways you could go about dividing it. To begin, you will have to determine its value through one of several methods, such as comparing the worth of similarly sized businesses, looking at its future earning potential, or considering the worth of its assets.

After getting a fair estimate for the worth of your business, you could agree to buy out your spouse's interests or give up other property so your spouse ends up with a fair share of marital assets.

Will I Have to Pay Alimony in a High Net Worth Divorce?

Alimony is never a guarantee, even in high asset divorces. Whenever a spouse wants alimony, they have to petition for it in court and prove that they need financial assistance to become self-supporting. The judge may ask certain questions to determine whether or not an award of alimony is appropriate in a high net worth divorce, including:

• How long did the marriage last?
• What led to the breakdown of the marriage?
• How was the marital property split up?
• Who contributed more to the marriage?
• Is there a significant gap in income between the spouses?
• What was the standard of living established during the marriage?
• How long will it take for the recipient spouse to get back on their feet?

If a judge decides to include a court order of alimony, it will usually only last for a set period until your spouse becomes self-supporting.

Meet With a Glen Burnie, Maryland High Asset Divorce Lawyer

At Zide Law Group, LLC, we understand just how stressful a high asset divorce can be. Our Glen Burnie family law attorneys are here to help, providing you with involved advocacy in and outside of court. We will do everything in our power to protect your assets while keeping you informed of your options. Call our offices at 410-760-9433 or contact us online to set up an initial consultation with our attorneys.