Getting divorced can be emotionally draining, even when both sides are on amicable terms. The complexity of a divorce increases significantly when substantial assets and debts are involved. If you are on the road to a high-asset divorce, obtain experienced legal help.
At The McKeon Law Firm in Gaithersburg and Bethesda, Maryland, we have extensive experience representing business owners, executives and other professionals in high-asset divorces. We offer strong advocacy and legal counsel focused on uncovering any hidden assets, while establishing the value of your marital estate. We have the skills and tenacity to help protect your share of the property. When experience matters, contact our law firm today to schedule a consultation with a highly skilled Maryland divorce lawyer.
Pursuing an Equitable Distribution of Marital Property in High-Asset Divorces
In Maryland, any assets acquired during the time of a marriage are usually considered marital assets. Both sides are entitled to an equitable distribution of the marital estate, which does not necessarily mean a 50/50 split. For example, if one of you keeps the family home, the other might keep the vacation home or other assets equaling the same value of the family home.
This can be a complicated area of the law which may involve the use of financial experts to determine the value of property involved in a marital estate. At The McKeon Law Firm, we work directly with forensic accountants to determine the value and extent of property involved in a high-asset divorce, such as:
- Business assets, partnerships, practices and trusts
- Pensions, 401(k) plans, IRAs, Roth IRAs, stocks, stock options, employee compensation plans and other retirement plans
- Family home, rental, vacation and timeshare properties
- Antiques, jewelry, artwork, collectible cars and memorabilia
Our firm’s high-asset divorce attorneys offer a comprehensive approach focused on tracing how your assets were treated during your marriage. Usually any property you or your spouse owned before getting married or received as a gift from a third party or as an inheritance will not be subject to an equitable distribution. The exception to this rule is if pre-marital and non-marital assets were commingled with the marital assets. For example, we will advocate for you to obtain compensation for the house down payment you paid toward the marital home which came from your pre-marital or inherited funds.
Gaithersburg Business Owner Divorce Lawyers Working for You
Since Maryland is an equitable distribution state, any business assets acquired during the course of the marriage are considered to be owned equally by both spouses except in some circumstances. This can be particularly challenging if the business was started before the marriage or if other partners are involved in running the business.
At The McKeon Law Firm, we offer strong advocacy tempered with sound judgment when handling high-asset divorces involving substantial business assets. Every business valuation case is fact specific. Our law firm’s divorce attorneys often work with forensic accountants to determine how the business assets were treated during the marriage and also we establish the value of the marital interest in the business. We apply our skills and legal resources to protect business owners and spouses seeking to secure an equitable distribution of assets, even when they have been commingled.
Contact Our Law Firm to Help Secure Your Legal Rights
At The McKeon Law Firm, we replace fear with knowledge and the assurance that your high-asset divorce is being handled in the best way possible. Contact our Maryland law firm online or call 301-417-9222 or 202-742-1800 to schedule an appointment with a highly skilled divorce attorney.
Our offices are conveniently located in Gaithersburg and Bethesda.