High-Asset Divorce Attorney in Newnan and Peachtree City
Georgia firm assists clients with substantial marital estates
At Thomas F. Tierney, Attorney at Law in Peachtree City and Newnan, I have the skill and experience to handle the complex issues that frequently arise during high-asset divorces. As a seasoned Georgia attorney, I provide valuable insight and representation in matters relating to property division, spousal support and parenting arrangements.
Unique challenges associated with high-asset divorce
Couples who’ve enjoyed a comfortable lifestyle during their marriage often face additional complications during a divorce. Instead of merely determining ownership of the marital home, there might be multiple properties that have to be divided among the parties. High-asset spouses might own businesses and/or possess sophisticated financial instruments designed to preserve and grow their wealth. Unless a valid prenuptial agreement is in place, all of these items are included within the equitable distribution process. Establishing parenting arrangements could also require more work as provisions might need to be made for international travel, private school tuition and the cost of expensive extracurricular activities.
Litigation and mediation of high-asset divorces
Litigation in high-asset divorces could require a major investment of time and money. Husbands and wives in these cases are often better served by retaining a mediator who can identify creative ways to bridge the gap between parties on custody, child support, property division and alimony terms. My firm’s objective is to put clients in the best position to move forward, and mediation usually eases conflicts while making sure that spouses maintain control over the outcome.
What is divorce arbitration?
Though many disputes can be resolved through negotiation and mediation, there are situations where consensus cannot be reached. Still, it is usually in both parties’ best interests to avoid the time and expense associated with litigation. High-asset couples frequently use the arbitration process to obtain a decision on property division and other divorce terms. Under this method, both parties make their case to a neutral, qualified arbitrator, who renders a decision in the same way that a judge would. However, arbitration usually saves significant time and cost by helping spouses avoid the formalities and clogged dockets that make litigation so burdensome.
Pursuing a fair division of property
Georgia equitable distribution law holds that if the parties to a divorce cannot agree on the allocation of marital property, the judge divides the assets based on what they think is fair. The value does not have to be split evenly, and all types of assets are included in these decisions, such as:
- Real estate, including the family residence, vacation homes and investment properties
- Financial assets, including bank accounts, stocks and retirement plans
- Business ownership interests
- Artwork and antiques
- Vehicles, including pleasure boats and all-terrain vehicles
Obtaining an accurate valuation of the specific items at stake in a high-asset divorce is the first step in achieving a favorable result. I consult with professionals and develop a comprehensive strategy when representing spouses in these matters.
Identifying hidden assets
When substantial wealth is at stake, a spouse could be motivated to hide certain assets in order to gain a greater share of the marital estate. Shifting funds to cryptocurrencies, limited liability companies or third parties are just three ways that people shield their wealth. If you have any concern that your husband or wife is not being completely upfront about their financial holdings, my firm will investigate the situation immediately, calling on forensic accountants and other experts to identify exactly what assets should be allocated among the parties upon your divorce.
Contact an experienced Georgia lawyer for advice on a high-asset divorce
Thomas F. Tierney, Attorney at Law represents Georgians in high-asset divorces and other family law matters. From offices in Peachtree City and Newnan, my firm serves clients throughout Fayette and Coweta counties. For an appointment, please call 770-796-4031 or contact me online. Free telephone consultations are also available.