High-Asset Divorce & Family Law Attorneys
Handling a high income divorce in Georgia is something that takes special skill, knowledge and experience. In many ways a high-asset divorce is different from a divorce where the clients have less financial resources.
Whether in Atlanta or anywhere else clients need attorneys who understand and appreciate the issues that affluent people have to contend with. High net worth individuals need the care and assistance of attorneys who can call upon the varied resources needed to specifically address their issues. Attorneys Valerie W. Sherman and William H. Sherman have cultivated resources around the country that can be utilized, if necessary, to help ensure the proper representation of high asset people. While the Sherman Law Group handles all of the legal work, the resources we can call upon can assist us in valuations of real and personal property of all types, finding assets that may be hidden and ensuring that the other party is being truthful. Our expert network extends to specialists in places like New York, Los Angeles, Chicago or Houston, or even internationally in cities such as London, Paris, Berlin, Tokyo, Beijing and Mumbai. When affluent people divorce all assets must be accounted for.
There Are many Issues in High-Income Divorce
The decision to get divorced is rarely, if ever, simple or easy. Couples are pressed sometimes to make immediate, high-pressure, life-altering decisions affecting their children, living arrangements, personal property and financial futures. This is especially true for high-income individuals, professionals, business owners, professional athletes, executives, inventors, entrepreneurs and those with family-owned businesses who are presented with substantial financial issues in divorce. Our clients understand that these issues can have a substantial impact upon their lifestyles and want to ensure that their lawyers understand the many issues potentially involved.
Identifying & Valuing Assets in High Net Worth Divorce
At the Sherman Law Group, based in North Fulton County, GA, with a satellite office in Cumming, GA, we have extensive experience protecting the interests of doctors, dentists, business owners, professional athletes, entertainers, inventors, bankers, entrepreneurs, professionals, CEOs, scientists, professors, executives and spouses of top-salaried individuals in divorce and family law cases. Our experience in high-asset divorce gives us a clear understanding of the financial and emotional stakes when family-owned businesses, real estate, pensions, stock options, art collections, antiques collections, stamp, coin, gun or car collections are in play during divorce proceedings. Many times these assets and collections have been built-up or years, even decades. And while they may have substantial economic value, they also may have great emotional value.
We are committed to providing legal representation of the highest quality, have substantial “hands-on” experience in contested family law matters, and are knowledgeable and aggressive in protecting our clients' rights and assets. At the same time, we focus on preserving fundamental, key relationships, which is often essential when divorcing spouses need to continue working at the same firm or in the same industry, are owners of a business concern or are shareholders in a successful business enterprise — as well for co-parenting and other important family purposes. Indeed, there are always important child-rearing decisions to be made about schools and activities. We have assisted clients in issues related to charitable giving (to colleges and universities and prep schools, to religious institutions, to arts and cultural organizations) and understand how those commitments can impact a divorce settlement.
Protecting Affluent Clients in Complex Divorces
Each divorce case is unique; each has its very own issues, circumstances and financial and emotional elements. When you hire us, we come in with no preconceived notions. Most importantly, we listen closely; you explain in depth what your goals and vision are. The Sherman Law Group has handled numerous divorce proceedings involving complex issues of asset classification and valuation, as well as more contentious issues involving hidden assets of many types.
What Are Some Common Assets in High Net Worth Divorces?
We dig deep to obtain a true picture of the situation and can call upon skilled financial analysts, accountants, experts in many fields and valuation specialists when needed. Common assets involved in high-asset divorces can include:
Professional practices (medical, dental, accounting, chiropractic, for example) and family-owned businesses
Retirement funds, 401(k) plans, pensions and benefits
Financial assets such as IRAs, stocks, stock options, stock warrants and bonds; local, interstate and international bank accounts (including bank accounts in Switzerland, the Cayman Islands, the Cook Islands, Panama, Monaco or Luxembourg)
Houses, condominiums, co-ops, vacation homes and investment properties
Valuable collectibles such as antique cars, jewelry, art, coins, stamps, watches, rare books and manuscripts or firearms
Compensation awards from workers' compensation, personal injury or medical malpractice cases or employment matters or business litigation and class action litigation
Yachts and other watercraft
Hedge Fund accounts
Children's Activities That Can Be At Issue
Children's activities are sometimes at issues in divorce, and this is true for couples with high incomes. Whether a former spouse must continue to pay for a kid's activities is a question that frequently arises. A judge will make the final decision based upon the "best interests of the child" standard. Here are some activities that we have seen addressed in divorce cases:
- Figure skating
Women Who Make More Money Than Their Husbands: Warning!
An interesting report published in the Journal of Family Issues concluded that women who earn more money than their husbands are much more likely to get divorced. A study conducted over two decades revealed that women who earn more than their husbands are alomst 50% more likely to get divorced compared to marriages where the man earns more than the wife. Even rich couples had the same elevated percentage of divorce.
We Perform An Analysis -- What You Need to Know
We will perform a thorough, in-depth analysis of how your assets and debts were handled and apportioned during the marriage, so we can properly and effectively classify your marital property and non-marital property for the court. The analysis can include calling upon the knowledge of experts at leading financial institutions, on Wall Street or elsewhere, as well as consulting with top-tier auction houses including Sotheby's, Christie's or Bonhams or similar experts around the world. We also have experience protecting clients from becoming financially liable for debts associated with their spouses' business enterprises, investments, lawsuits and tax liabilities.
High income divorces can also involve unique issues regarding child custody and visitation, child support, alimony and other things. We understand how a high net-worth, affluent person should best engage these common divorce issues and what sorts of strategies and tactics they can employ for success. We advise them on their best legal options and strategies.
High Income Divorce Attorneys
At the Sherman Law Group our fundamental success as a law firm has been in building quality, long-term relationships with our clients. We have always been dedicated to personal attention, responsiveness, and full accessibility.
As a former Senior Assistant County Attorney and an Assistant Attorney General and former corporate executive, William H. Sherman knows how the issues in high income divorce situations. Attorney Valerie W. Sherman has the extremely valuable experience of serving as a Magistrate Judge and as an Assistant County Attorney, as well as having years of hands-on experience helping high net worth individuals navigate the often treacherous landscape of divorce.
Call us today at 678-215-4106 to discuss your situation and to schedule an appointment at our Roswell, GA or Cumming, GA offices. We are very proud to serve clients from all over the Atlanta Metro Area, North Fulton County and North Georgia.