Navigating a High Net Worth Divorce: Key Steps to Protect Your Future
Divorce is always a significant life event, but when substantial assets are involved, the stakes are even higher. A high net worth divorce—typically involving over $1 million in assets—requires careful planning, strategic thinking, and experienced legal counsel. At Simon Law Group, we understand the complexities that come with dissolving a financially intricate marriage. Here are the essential steps involved in navigating a high asset divorce.
Step 3: Protect Against Hidden Assets
Unfortunately, it’s not uncommon for one party to attempt to hide or undervalue assets in a high net worth divorce. This is where forensic accounting becomes crucial. Your attorney can petition for discovery and compel the production of financial documents, including:
- Tax returns
- Business ledgers
- Bank statements
- Cryptocurrency wallets
The goal is full financial transparency before settlement discussions begin.
Stay tuned for the next in our series of Navigating a High Net Worth Divorce: Key Steps to Protect Your Future
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