"Securing your future while protecting your privacy requires hiring skilled family lawyers with a track record of success with high net worth divorces."
HIGH NET WORTH DIVORCES occur between couples whose combined total net worth is significant. Sean Y. Palmer has handled multimillion-dollar property awards and spousal and child support wins for high net worth clients. Palmer and his team handle multimillion-dollar cases regularly.
The Palmer Law Firm’s high net worth family law team gathers experience from all areas of accounting, finance and valuation professions. High net worth separations often involve unique and complex issues. The Palmer Law firm has an respected track record in high net worth cases because we gather and work with the best professionals in the field.
Defining an individual’s total wealth, which can include a business, professional practice, major real estate holdings, pension, stocks and other assets, can be challenging. And, if a prenuptial or postnuptial agreement is in place, these will need to be reviewed. Child support, and in some cases, spousal support is determined based on not just the personal tax return income, making it essential to assess the spouses’ true incomes from companies, professional practices, stock options, capital gains etc, often with a fine-tooth comb.
When couples have complex personal and commercial financial portfolios, it’s vital to ensure an accurate valuation of family property and debts, both at the start and end of the relationship.
Our services to high net worth clients include marriage agreements, divorce/separation and property division, and finding the right jointly-appointed financial experts which may include real estate appraisers, business valuators, art appraisers, and forensic accountants, to ensure fair valuations and the best results.
When there are Family or Closely Held Business Interests, it is in everyone’s best interests to find a solution that will enable each spouse to continue on in a financial secure future; but this is often easier said than done, especially in high conflict and high net-worth cases. Adding to the financial complexities is the fact that the business, partnership or practice is the engine that supports the spouses and their children financially, which brings in a host of other important factors to balance against.
Couples who own businesses together will need to decide on how the businesses will continue after they divorce. A judge may have to impose a division of business assets on a couple if an agreement cannot otherwise be reached, but this is usually the last resort as it invites risk.
Our lawyers are trained in mediation and we will navigate to solutions in the best interests of all parties, including third-party stakeholders; and if the matter must be decided by the court, our vast experience and sheer commitment will help us obtain a favorable result.
"Valuing the family business during divorce leaves zero margin for error."
"Preserve the lifestyle you've worked hard for so your golden years aren't left tarnished."
“Grey” or “silver” divorce simply refers to a demographic trend in the separation and divorce of older couples who have been married for many years. Although divorce statistics are on the decline overall, divorce among those 50 years of age and older is on the rise.
Grey divorces often involve couples who have accumulated significant assets over their long-term relationship. They may also have received inheritances from their parents and wish to consider passing some of these assets to their children, all of which requires special consideration.