Virginia is home to a large number of technology-based industries. This explains the reason for the increase in the number of cases resulting in high asset divorces in Virginia.
When marriage comes to an end legally, that is termed as divorce.
Once the discussion for divorce starts, the parties should begin discussion on other important topics as well.
One of the important issues a divorce brings is the distribution of assets.
In some cases, the high net worth of the parties or one of the spouse’s plays a significant factor as to the dispute about how the property is to be distributed. As the issue involves finance and matters of money, it is crucial to hire an experienced Virginia divorce lawyer who has the relevant experience in dealing with finances and couples with high assets, so that the division of assets is fair. In many high asset divorce cases in Virginia, one or both parties tend to hide their property.
These parties assume that by not properly disclosing their property, they are saving the asset for themselves. What these people are unaware of is that court proceedings dealing with property evaluation tend to be extremely detailed and this will usually result in the disclosure about all assets in each party’s ownership. In case the court suspects that the party has not made an honest disclosure about the assets, the courts will allow greater discovery to flush out the necessary issues.
When one has decided to proceed with a high asset divorce, it is advisable to take the help of a financial planner as the dissolution of marriage can have a negative effect on your financial status.
In Virginia dissolution of marriage cases, the courts considers all the parties’ property to come to a conclusion about the net worth of the parties. In determining the net worth of assets in a dissolve bonds of matrimony case, the Virginia courts generally take into consideration accounts in banks, vehicles, house properties, investments, antique collections, stocks and retirement accounts.
That party in the divorce who has a lesser value of assets should immediately hire a skilled Virginia divorce attorney to determine if spousal support should be awarded to such party. When the case involves high net worth assets, lawyers generally act quickly to try and finalize the divorce and property distribution.
Only a skilled Virginia divorce lawyer who has years of experience in handling such high net worth assets can assist you by providing sound advice in these matters. If you fail to obtain legal assistance at the right time, you will feel lost and may ruin the chances of getting a favorable division of property.
Mr. Sris has handled a number of high net worth divorce cases in Virginia. A significant part of his practice is assisting clients to resolve complex high net worth divorce cases.
If you live in Northern Virginia and are seeking a family law attorney who has a background in finance, understands the IT industry, business owners and executives compensation, turn to Mr. Sris for help. You can count on him to be your high asset divorce lawyer in Fairfax, Virginia, high asset lawyer in Fairfax City, Virginia, high asset divorce lawyer in Tysons, Virginia, high asset lawyer in Great Falls, Virginia, high net worth lawyer in Vienna, VA, high asset in lawyer in Loudoun, Virginia, high net worth lawyer in Leesburg, VA, high net worth lawyer in Arlington, VA, high net worth lawyer in Falls Church, VA, large net worth lawyer in Alexandria, VA and large net worth lawyer in Prince William County, VA. C