Protecting Your Financial Foundation When There Are Complex Assets To Divide
Every married person considering a divorce deserves legal representation from a divorce attorney who will carefully consider the individual’s unique situation and goals and who will develop a divorce strategy that considers those goals.
This becomes even more important when the divorce involves complex assets. At the Oak Park, Illinois, Law Office of Gabrielle S. Davis, P.C., I have more than two decades of experience providing strategic and protective advocacy in divorces where complex assets are involved.
All clients of my firm work directly with me, and with any financial or other experts we choose to engage. I consider myself a true advocate for my clients. This means that I bring my entire skill set to bear on behalf of each client, and I work to resolve each client’s divorce with careful attention to both short- and long-term goals.
What Are The Special Considerations In Complex Asset Divorces?
In divorces between spouses with significant assets, or when one spouse has extensive assets or a private business, special attention must be paid to every aspect of the property settlement negotiations. I take a thorough and investigative approach to representing my client’s interests in a divorce involving complex property division, answering questions such as:
- What is the interrelationship between the property settlement agreement, child support and spousal maintenance?
- What are the short- and long-term tax consequences of any proposed divorce settlement? (For tax questions, I refer my clients to experienced tax accountants.)
- Which of my client’s assets are truly marital property and which are separate property and thus not subject to division?
- Which of the other spouse’s so-called separate assets might actually be part of the marital estate and thus subject to share with my client?
- Has the other spouse hidden assets or engaged in divorce planning to minimize his or her potential losses during the divorce process?
- If a prenuptial agreement exists, how does that legal agreement interact with the current joint and separate assets of each spouse?
Seek Early Legal Advice In A Complex Divorce With Significant Assets
It is never too early to seek legal advice regarding divorce. Consulting a divorce lawyer does not mean that divorce is inevitable. Instead, it means you are taking a wise first step toward protecting your assets and your financial future.