Watertown Family Law Attorney Guiding You through the Complexities of High-Asset Divorce
When either or both parties have accumulated significant assets during a marriage, it is essential to hire an experienced attorney to assist you with your complex financial divorce.
In Massachusetts, all assets and liabilities acquired during the marriage are considered in determining an equitable division of the marital estate. This is complicated when one or both spouses have a high net worth. Financial experts, such as accountants and appraisers, are necessary to accurately determine the value of business entities and other valuable assets, and to ensure an equitable division of the estate. Tax consequences of any division must also be considered. As your attorneys, we will work collaboratively with other professionals to ensure that you have all the information you need to make the best financial and legal decisions for your future.
At the law firm of Linda Sternberg, Esquire, our attorneys have dedicated over 35 years of experience as family lawyers to divorcing couples in Watertown and across Massachusetts. We work directly with every one of our clients, advocating for a fair, equitable and positive resolution to their high-asset divorce.
How Are Assets and Property Divided?
Massachusetts family courts divide assets fairly and equitably between spouses. Equitable division, however, may not mean equal division. Judges will consider factors including, but not limited to, the income of each party, how each spouse contributed to the accumulation of assets, and your child custody plan when dividing property. Common assets include:
- Partnerships, corporations or other business entities owned by a spouse
- Investment properties
- Commercial real estate
- Residential homes
- Retirement accounts such as 401(k) accounts
- Defined benefit pension plans
- Stocks, bonds and stock options
- Deferred compensation plans
- Bank accounts and offshore accounts
- Personal property such as cars, artwork, jewelry, furniture and more
- Copyrights, patents and royalties
Ultimately, the goal is to provide you the best asset protection possible along with a fair and equitable property settlement in accordance with Massachusetts laws. With more than three decades of experience, we have the extensive knowledge and skills required to negotiate a comprehensive asset division plan devised for your specific financial needs.
Safeguard Your Most Important Assets
When you are involved in a high-asset divorce, the risk is also high for hidden-asset issues. One spouse may attempt to hide assets from the other either before or during property settlement negotiations. If your case requires forensic accountants or other investigatory experts, we have longstanding relationships with all the necessary experts to represent you in your high-asset divorce case.
Call the law office of Linda Sternberg, Esquire, today at 617-454-4705 to discuss your needs one-on-one, or you can reach out online to schedule your consultation. We look forward to helping you.