Experienced High Asset Divorce Lawyers Protecting Wealth in Wheaton, IL
When a couple has sophisticated financial holdings and a high net worth, they need a divorce lawyer who understands complex financial and tax issues. This is the time for you to find an established law firm with skilled litigators who can understand your complex financial situation.
At Musielak & Rosinski LLC, our Wheaton high-asset divorce lawyers are financially savvy, and we have the experience to assist you with the economic aspects of a high-asset divorce. Our clients include doctors, lawyers, business owners, executives, and other high-income professionals. We understand the need to protect the assets you have worked hard to obtain, and we regularly work with financial and tax experts to provide additional support for your case. By conducting a thorough investigation and analysis of your case, we can be an advocate for your position.
The Special Considerations of High-Asset Divorce
High-asset divorces must address the same basic issues as any divorce; however, when large amounts of money and complex finances are involved, you need an attorney who is experienced with these additional concerns. Our firm has the ability to assist you with the following:
- High-asset maintenance/alimony
- Complex property division
- Finding hidden assets
- Business valuation litigation
- Investment and retirement accounts
- Protecting professional practices
- Financial restraining orders
In addition, we will advise and assist you on matters relating to your children, including parental responsibilities, parenting time, and child support in high-income families.
After the finalization of your high-asset divorce, if you find you still have issues related to spousal support or child support, we can represent you.
What Discovery Techniques Are Used in High-Income Divorces?
Discovery is the process of gathering financial information to trace marital property, and it plays an important role in high-income divorces. Because complex finances often involve business interests, investment portfolios, and multiple income streams, both parties may need to exchange detailed financial disclosures beyond the basic forms used in a standard case.
Depositions allow attorneys to question a spouse under oath about their finances. In some cases, forensic accountants are brought in to find hidden assets, uncover unreported income, or analyze whether a spouse has undervalued a business for the purposes of the divorce.
Interrogatories, which are written questions requiring sworn answers, and requests for production of documents are also common tools used to build a full financial picture. These techniques become especially important when one spouse controls the majority of the couple's wealth, since the other spouse may otherwise lack access to accurate information about what is available for division.
Spousal Support Considerations in High-Asset Divorce
Spousal support in a high-asset divorce is decided based on various considerations including each spouse's income, earning capacity, the length of the marriage, and the standard of living established during the marriage. Illinois courts use statutory guidelines to calculate support in many cases, though judges retain discretion to deviate from these guidelines when a couple's finances are unusually complex.
Non-income assets, such as investment accounts or business interests, can also affect support calculations even when they are not converted into immediate income. Tax implications are another important factor, since spousal support payments can carry consequences for both spouses depending on how the divorce agreement is structured. Careful planning around these issues can help avoid disputes after the divorce is finalized.
Contact Our Wheaton High Asset Divorce Lawyers
Your most valuable assets should be handled with care. For legal help with your high-income divorce, reach out to Musielak & Rosinski LLC at 630-344-6525 to set up a free initial consultation. You may also contact our Wheaton, IL high net worth divorce attorneys online.