WE RESPOND TO YOUR NEEDS 414-271-1440
Milwaukee High Asset Divorce Lawyers
Wisconsin Divorce Attorneys Serving Clients in Milwaukee, Waukesha, and Green Bay
Most divorce proceedings involve negotiations over the division of property and other shared assets. The stakes of those negotiations are raised when dealing with a high asset divorce. Both parties are arguing over how to divide expensive properties or lucrative business interests. Making a mistake in these negotiations can be costly.
Our attorneys at Gimbel, Reilly, Guerin & Brown, LLP are adept at protecting Wisconsin clients' high value assets during divorces. We will calculate the proper value of your marital estate and negotiate a division of property that benefits you.
Determining Asset Value
The assets purchased during a marriage must be accounted for and appraised to determine the value of the marital estate that will be divided. In a high asset divorce, the process becomes more complex due to the diverse assets spouses possess, including:
- Real estate;
- Business ownership;
- Stock options;
- Retirement plans and pensions;
- Luxury vehicles;
- Valuables and collectibles; and
- Varied financial accounts and revenue sources.
It can be difficult to keep track of all of the assets you have accumulated and how much they are worth. Overlooking an asset could mean losing money or possession of that asset in the division of property. Our attorneys are experienced in accurately identifying marital assets and determining their value during divorce negotiations.
Discovering Hidden Assets
When dealing with high-value assets, spouses may have greater motivation to hide assets from being included in the marital estate to be divided. Your spouse may put money in a hidden account or temporarily transfer property ownership to someone else. If you suspect your spouse of deceptive practices, do not conduct your own investigation. Our attorneys have the investigative skills to legally prove your spouse is hiding assets and get the compensation that your spouse's deception entitles you to.
Dividing High Asset Property
Wisconsin is a community property state, meaning all assets and property acquired during a marriage are divided equally. High-value assets are no exception and will likely be split 50/50 between the divorcing spouses. However, courts are given discretion to split the assets differently depending on certain factors, such as:
- If an asset was brought into a marriage by one of the spouses;
- If one of the spouses has greater financial resources or earning capacity;
- How long the marriage lasted;
- Whether either spouse has an emotional attachment to an asset;
- Any tax consequences that come with the asset; and
- If the spouses have a written agreement about ownership of the asset.
If you are concerned about losing half of your assets during a divorce, our attorneys can negotiate a property division settlement that is fair or seek aggressive legal action so that you can retain the assets most important to you.
In a high asset divorce, it is vital that you hire an experienced and trustworthy divorce attorney to represent you. Contact Gimbel, Reilly, Guerin & Brown, LLP to schedule a consultation by calling our Milwaukee office at 414-271-1440 and get the representation you need.
