Divorce is never easy, but when you or your spouse (or you and your spouse) are high-net-worth individuals, resolving the issues associated with divorce (such as alimony and custody) and dividing assets can be particularly complex. Because high-net-worth divorce in Hartford is delicate, and the stakes are your financial future, you need a team of dedicated divorce lawyers experienced in the nuances.
At Freed Marcroft Divorce & Family Law, we exclusively practice divorce and family law in Connecticut, so we are familiar with the intricacies of high-net-worth divorces and the Connecticut courts. That, along with the fact that we are high achievers who play all in, means that we are in a great position to go for the preferred results in your case.
Our team cares about what you want your post-divorce life to look like, which is why our first task is to identify your goals. Then, we will create a strong strategy focused on what matters most to you. Call today to book your first meeting with Freed Marcroft and get started.
Common Issues in Hartford High-Net-Worth Divorces
When entrepreneurs, executives, doctors, CPAs, partners, and other high-net-worth individuals go through divorce, they may encounter unique issues when ending their marriages because of the added complexity. Freed Marcroft can assist you in making decisions regarding:
- Property division, including
- Gifts
- Inheritances
- Stock options
- Intellectual property
- Complex employer retirement benefits
- Business interests and valuation
- Alimony
- Future bonus income
- Child support (above the standard formula)
- Privacy
- Property division, including
- Prenuptial agreements
- And more.
Of these issues, property division can be the most involved. Issues related to property division fall into one of three categories:
- Whether a certain type of property should be included in things that the court is dividing
- If so, how to value it
- How to divide it
(Your divorce may proceed a little differently if there is a prenuptial agreement in place.)
How is Property Divided in High-Net-Worth Divorces?
Connecticut is an “all property” property division state, which means that courts can divide any and all of the property owned by both spouses, regardless of when or how it was acquired. However, there are some instances where the courts may not consider property subject to division – for instance, things that are contingent on a future event that is not in control of the spouse.
Connecticut is also an equitable property division state. Equitable doesn’t mean equal – in other words, it doesn’t mean each spouse gets half. Equitable refers to fairness, and the court has substantial discretion when it comes to determining what’s fair. So, if you and your spouse are able to work with your lawyers and reach agreements outside of court, you’re going to have more predictability and control over the outcome..
How to Approach Your High-Net-Worth Divorce
Most high-net-worth clients we work with prefer to resolve their divorce issues through mediation or collaborative divorce, as opposed to through litigation. This is often because they prioritize their privacy and prefer to keep their personal affairs remain out of the public eye and out of the press.
All options have different benefits depending on your specific situation. Our team can work with you to explain your options so that you can make empowered choices.
Protect Your Assets & Your Future Financial Security
One of the most important parts of a high-net-worth-divorce in Hartford can be preventing the other party from concealing or misusing assets. We will work to keep your spouse from potentially hiding or dissipating assets while a divorce is pending. Depending on the situation, this can be through sophisticated use of the discovery process, tools like automatic orders, motion practice, injunctions, and other steps.
Trust Freed Marcroft To Handle Your Hartford High-Net-Worth Divorce With Care
Meghan Freed, the Managing Co-Partner of Freed Marcroft, was a financial planner before she attended law school, and started her law career as a complex financial litigator. High-net-worth divorces in Hartford are near and dear to her as well as to the other attorneys at the firm, so you can trust that your case will be in great hands with the attorney on your case! Call us today to schedule an appointment, get your questions answered, and start building a financial picture of what you want your future to be like.
