A high-asset divorce can be an arduous process, and you may be concerned about how to best protect your property rights. High-net worth cases often involve complicated financial evidence and disagreements between divorcing spouses.
A Sandy Springs high asset divorce lawyer can provide the legal assistance you need to protect your interests. Working with an experienced divorce attorney can improve your chances of securing a favorable outcome in your case.
Upon filing or being served with divorce papers, many people wish to take proactive steps to protect their valuable assets. However, some actions which a person may see as safeguarding their property rights could actually hurt their case in court.
For example, some people believe that spending or using assets will prevent those assets from being distributed upon divorce. However, spending unusual sums of money on vacations or large purchases in anticipation of a divorce can be considered as marital waste or dissipation. This would ultimately penalize the spending party.
Additionally, Official Code of Georgia Annotated §19-5-7 restricts parties from transferring certain assets after a divorce is filed. If a person is concerned about safeguarding their property while a divorce is pending, hiring legal counsel can help. A local high-net worth divorce attorney can take effective legal action to defend valuable property on a spouse’s behalf.
High-asset divorces frequently involve organizing separate property, which is not subject to the equitable distribution upon divorce. According to O.C.G.A. §19-3-9 and case law, separate property refers to assets which were:
Additionally, wealthy couples sometimes enter into antenuptial agreements, which are also known as prenuptial agreements. These agreements can determine a couple’s property rights in the event of a death or divorce and are permitted under O.C.G.A. §19-3-60.
Unfortunately, couples do not always agree on whether a piece of property is separate or whether the court should enforce an antenuptial agreement. The outcome of these disagreements can have an immense impact on a person’s finances. An attorney in Sandy Springs can work diligently to protect your rights during a high-net worth divorce.
Evidence in local high-value divorce cases often includes financial records such as account statements or tax returns. Legal counsel may summon an expert to skillfully present evidence and testimony to help a judge or jury understand intricate and complex financial matters.
Furthermore, a forensic accountant or appraiser could prove the value of marital assets. A person could also benefit from having their attorney thoroughly cross-examine any witnesses called by the opposing spouse.
Safeguarding your property rights in a high-asset divorce is a challenging but important task. Implementing the right legal strategy from the beginning of your case could improve your chances of protecting valuable assets.
Secure your finances by letting a Sandy Springs high-asset divorce lawyer fight for your rights. Call now to speak with our intake team.
Atlanta Divorce Law Group