Birmingham High Asset Divorce Attorneys
Negotiating a Fair Settlement with Substantial Assets
Aside from the custody of children, division of assets is often the most contentious part of the divorce process. When the assets are substantial, the situation becomes even more complicated. The Birmingham high asset divorce lawyers at Thomas Logan Davis, Attorneys at Law, LLC have provided exceptional legal representation for high asset divorces for more than a decade.
Please contact us at (205) 512-3331 to learn what we can do for you.
Dividing Substantial Marital Property
The first step in property division, regardless of the number and value of assets, is to determine the character of all property as either separate or marital. The value of marital property must be assessed to ensure fair division. This requires an attorney experienced with valuations and complex financial transactions.
We represent clients in divorces that involve:
- Substantial assets
- High net worth
- Family businesses
- Complex financial transactions
Business ownership can further complicate the divorce process. In Alabama, property acquired during a marriage is considered marital property. This includes business assets. If the business assets were acquired before the marriage, it may be excluded from division. However, the increase in value that occurred during the marriage may be deemed as marital property. It is important to seek representation from an experienced divorce attorney, if you own a business.
Negotiating Property Division
When couples agree to a divorce, it is considered to be uncontested and discovery may be waived. In situations where substantial assets are involved, this can be unwise. Analyzing financial documents during discovery is essential for fair property and asset division. Our high asset divorce attorneys in Birmingham carefully evaluate your financial situation, so you can make informed decisions. You will have constant communication from your attorney to guide you through the entire process.
Call (205) 512-3331 to discuss your high asset divorce with an experienced divorce lawyer.