3 Ways A Divorce Lawyer Will Help You If You Have Contentions Over High-Value Assets
Separating from your spouse can be an emotionally draining but necessary step, especially if you have irreconcilable differences. This process can be more difficult if you co-own businesses, off-shore and on-shore trusts, and other substantial assets and investments. If you don't have communication issues with your partner, you may be tempted to think that you can strike a deal and divide these assets without the assistance of a legal professional. While it may work, any slight mistake could lead to expensive lawsuits in the future. If you want your share of a property to be safe, work with a divorce lawyer. These professionals will ensure that you do things according to the law, and finalize your separation process smoothly. Keep reading to learn how they can assist you if you have high-value assets.
Keeping Emotions at Bay
Emotions may make finalizing your separation process challenging, especially when dividing expensive properties and investments. Because there's a lot at risk, it may be easier to be angry or defensive, when it seems your partner is getting a big share. If you still love your spouse, you may be tempted to appease them with the hope of saving your relationship. However, giving in to their demands may only lead to you losing more assets. A lawyer can provide the voice of reason during your separation process. Because they're not emotionally connected to your case, they'll explain to you your options, and advise you on the best choices to make. They can also keep you from giving in to unreasonable demands.
Although most couples with high-value assets may not have significant debts, it's vital to ensure they're settled before the separation process is completed. There are debts that each of you can be liable for individually, and those you may have to pay collectively. Owning up to credit card debts that your partner has, especially if they spent the money on their things may not be a good idea. A lawyer can help you find a financial management professional who'll advise you on how to settle your debts effectively. They'll also protect you from carrying your spouse's burdens.
You need legal assistance to file separation papers correctly. Without it, you may end up signing some clauses that may give your spouse more advantage over your property. Before finalizing the divorce, a lawyer will explain to you the terms in your paperwork, and help you attach any documents required by the court. They can also represent your interests during court proceedings, and protect you from any form of intimidation.
High asset separation cases can be emotionally packed. If you want to increase your chances of getting a fair share of the property, contact a divorce lawyer. They'll fight for your rights and stop at nothing until your interests are met.