Skilled High Asset Divorce Attorneys Protecting Financial Interests in DuPage County, 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 have the ability to understand your financial situation.
At Musielak & Rosinski LLC, our DuPage County high-asset divorce lawyers are financially savvy, and we have the experience to assist you with the economic aspects of a high net worth divorce. Our clients include doctors, lawyers, business owners, executives, and other high-income professionals.
We recognize the need to protect the assets you have worked hard to obtain. That is why 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 child custody, visitation/parenting time, and child support, which can often involve unique considerations in high-income families.
What Do DuPage County Judges Consider When Dividing Property in a High-Asset Divorce?
DuPage County judges apply Illinois's equitable distribution standard in high-asset cases, meaning marital property is divided fairly, though not strictly a 50-50 split. Judges review each spouse's income and earning capacity, contributions to the marriage, including non-financial contributions such as raising children or supporting a spouse's career, and the length of the marriage before deciding how to divide significant assets.
The tax consequences of dividing specific assets often factor heavily into these decisions, since receiving a business interest or investment portfolio can carry very different future tax implications than receiving cash or real estate of similar current value. Judges also look at each spouse's expected future needs, including retirement security and, in some cases, whether one spouse sacrificed career opportunities to support the household. In high-asset cases, judges frequently rely on valuations and testimony from financial experts to accurately assess complex holdings such as businesses, stock options, and retirement accounts before finalizing a division.
Spousal Support for Wealthy Divorcing Couples
Spousal support in wealthy divorces often departs from the standard statutory formula, since Illinois's guideline calculations are generally designed for more typical income levels. When a couple's total income exceeds the statutory threshold, judges have broader discretion to determine an appropriate amount based on the specific facts of the case rather than a fixed formula.
Courts consider factors such as the standard of living the couple was accustomed to during the marriage, each spouse's ability to maintain that standard independently, and the length of the marriage, along with the age and health of each party. A spouse with a lot of independent assets or strong earning potential might receive limited support, while a spouse who stepped back from a career to support the family may have a better claim to support.
Contact Our DuPage County High-Asset Divorce Lawyers
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 in seeking or defending against the modification of spousal or child support.
Call Musielak & Rosinski LLC at 630-344-6525 to schedule a free initial consultation. You may also contact our DuPage County high net worth divorce lawyers online.