Every divorce is unique. However, a high-asset divorce can present unique challenges that other divorces don’t. In a high-asset divorce, there is a lot on the line. One simple mistake, such as an incorrect valuation or missing an asset, can impact your life for countless years. Court orders for divorce are generally final, making it imperative that you get things right the first time. You can turn to an experienced Chicago high-asset divorce attorney to help you accomplish this. Here are some challenges that your high-asset divorce might present.
While most divorces might involve a house, car, retirement account, and perhaps a rental property, high-asset divorces can have much more. Some assets aren’t owned in the spouse’s name but under different types of companies. Many of these assets can be difficult to value, such as pre-IPO stock or partnership holdings. It’s critical that financial and forensic experts complete a proper valuation. When there are many complex assets, the valuation period can be lengthy.
Any divorce has the potential for a spouse to hide assets. In a high-asset divorce, the chances increase. If a spouse is successful in hiding assets, you won’t get what you deserve. Hiring a seasoned Chicago high-asset divorce lawyer can help ensure that all of your assets are accounted for and that your spouse isn’t hiding anything from you or the court. In some divorces, assets aren’t intentionally hidden; they can become lost or forgotten among all the other assets. An attorney and their financial professionals can help you identify them.
The quickest divorces are the ones that aren’t contested and don’t involve many assets. High-asset divorces are more likely to be contested and involve many different types of complex assets. Not only must the assets be found and valued, but they may also need to be liquidated or transferred to the other spouse so that equitable distribution can occur. This process takes more time, requiring more patience from divorcing spouses.
While most low and middle-income families rely on regular paychecks to pay their bills, high-asset families often amass income in the form of rents, bonuses, royalties, and dividends. They might also have access to other benefits like the use of a company car or credit card. Their income is significant but unpredictable. Erratic income can make it much more challenging to untangle all the finances and identify what type of income each spouse receives. Experienced Chicago high-asset divorce attorneys know how to handle this challenge so that your divorce is settled the way it should be.
At Andrea Heckman Law, our Chicago high-asset divorce lawyers are highly familiar with all the unique challenges presented in a high-asset divorce. We aren’t afraid to face these issues head-on so that we can be your best advocate. You can rely on us to provide comprehensive representation in your high-asset divorce. Contact us today to schedule a divorce consultation.
Walked in just for consultation, and in less than 45 days, my case was closed! Thanks to attorney Andrea Heckman, with all her passion and professional manner! Couldn’t be happier! Thank you so much for everything! Great attorney for all family needs! Thank you.
From the moment I walked in as a client to the end when everything was complete, I was very pleased with attorney Andrea Heckman, her knowledge, and professionalism! Her whole staff was always helpful. I would use them again if needed and refer them to everyone I know! Thank you.
Andrea Heckman has been my attorney helping/guiding/advocating for my children and I regarding my custody situation. We are in the process of working towards a more equal parenting schedule, and I have faith in her efforts and expertise to accomplish this.
I have used this office since 2018 and have nothing but excellent things to say. Andrea Heckman handled my divorce with no faults. Andrea is currently handling my child custody case and has been on top of everything! Andrea Heckman is an unstoppable force, and I would recommend her to anyone!
I could not ask for a better attorney to represent me during my case which is Andrea Heckman. Anytime I had any questions, I got a response in a timely manner. Andrea walked me through a very difficult time which was a divorce/child custody case. Andrea is very knowledgeable and motivating. The staff has been nothing but welcoming and professional. If I have to go to court for anything, I will definitely be giving this firm a call again.
Heckman Law is handling my divorce/custody. Andrea is very professional, knowledgeable, and responsive. She will take the time to answer and explain any questions you may have. She usually responds within a few hours. Honest about possible outcomes, whether it’s good or bad news. My ex doesn’t want to negotiate or cooperate with anything. Andrea is willing to fight in the courtroom for you. The case is ongoing.
I was represented by Andrea Heckman, and if it wasn’t for her, I would have been so lost. She guided me through my difficult situation. Some lawyers are about money. I knew that Andrea cared about me and my situation.
Ms. Heckman is a great lawyer. She helped me get time with my daughter when my ex was being nasty and refusing to let me see my baby. I thank her for all her hard work.
Ms. Heckman managed our parents’ will and advanced care planning documents expeditiously, skillfully, and with compassion during a stressful situation. We referred her to a family member for divorce with child custody issues, and she was pleased enough to refer her to 2 others for divorce services. A true professional.
Please contact our law office in Rolling Meadows for legal assistance with divorce, child custody, or visitation issues. We serve clients in the Chicago metropolitan area who need the help of an experienced and dedicated family law attorney.