Atlanta Complex & High-Asset Divorce Attorney
During divorce, decisions regarding the division of property and financial assets are often the most contentious. Property decisions have the power to greatly impact each spouse’s financial health for years to come. When high-value assets are involved, decisions regarding property division require thorough investigation, valuation and consideration from many aspects.
At the Jody A. Miller, Esq. Attorney At Law, we help clients obtain the property and financial assets they need to move forward with their lives.
In Georgia, courts divide property based on what they feel is most equitable given the facts of the particular case. The behavior of the parties during the marriage can have an impact on property division.
Attorney Jody Miller thoroughly investigates all of the marital property to uncover hidden assets, obtain accurate valuations and develop compelling legal arguments to help the court determine an equitable division of property that provides clients with the financial assets they need to leave their marriages and build new lives.
A Family Law Attorney With A Vast Network Of Support Professionals
When complex financial assets are involved, they must be carefully considered to obtain an equitable division of property. The value of sophisticated investment portfolios, life insurance policies and retirement accounts, as well as the value of income-producing properties such as family-owned businesses, partnership interests and investment properties, must be determined.
At the Jody A. Miller, Esq. Attorney At Law, we have a wide network of financial professionals, including forensic accountants, certified public accountants (CPAs) and certified divorce financial analysts. Tapping into this network, we build a team of qualified experts to accurately value businesses and evaluate complex financial assets, stock options and investment portfolios to determine the value of each piece of marital and separate property.
Once we understand the nature and extent of each financial asset, we are able to work toward property division determinations that help our clients get the financial assets they need to leave their marriages and move forward with their lives.
Ms. Miller also works with forensic accountants to help determine if there were any hidden assets and track transactions.
Frequently Asked Questions About High-Asset Divorces
The more resources you share with your spouse, the more concerns you may have as you prepare for divorce. Learning more about common high-asset divorce concerns can help you make informed decisions.
What is considered a high-asset divorce in Georgia?
There is no official or statutory standard for what constitutes a high-asset divorce in Georgia. Also known as high net worth divorces, high-asset divorces typically involve spouses with above-average earning potential and complex, valuable resources.
Many professionals establish the threshold for a high-asset divorce at $1 million. Typically, the spouses have complex resources to address, such as businesses, professional practices, investment real estate and diversified portfolios.
How are businesses valued in a high-asset divorce?
There are multiple business valuation methods used in a variety of situations. When legal professionals and forensic accountants attempt to value a business (or professional practice) during a divorce, they typically use one of three methods.
The income approach looks at the company’s likely future revenue. The market approach compares the organization to other companies of similar scope and function. The sale price for similar organizations serves as the basis for the company’s valuation. Selecting the right valuation method is critical, especially in cases where one spouse might request spousal support or alimony.
Can my spouse claim part of my trust assets?
Yes, your spouse could theoretically have a partial claim to your trust assets. Numerous unique factors about your marriage and the trust determine the likelihood of your spouse making a successful claim for a portion of the trust’s contents during your divorce.
Whether the trust is revocable or irrevocable is a key factor. Irrevocable trusts generally offer stronger protection, especially if you funded the trust prior to marriage. A trust funded during the marriage may include marital assets or income, which can lead to claims of commingling. The purpose of the trust can also influence whether the courts agree that trust resources are at least partially marital.
You can speak to an attorney to learn more about your high-asset divorce options.
Contact Us Today
If you are involved in a divorce with complex financial assets, you want an experienced lawyer that Georgians trust who knows how to protect and secure the financial resources you need. Contact us today at 678-805-9576.