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Any time there is the breakup of a marriage, it has the potential to impact both your current and future financial security. This is particularly true in high asset divorce cases. At Iafrate & Salassa, P.C., our Birmingham divorce attorneys provide the professional, experienced legal representation you need when your case involves significant financial accounts, business interests, and property holdings.
In a high asset divorce, you need an experienced divorce attorney who can fight for your rights while diligently uncovering any marital property that may be an issue in your case. At Iafrate & Salassa, P.C., our legal team has over 50 years of experience working with clients in similar situations, and can help you get the settlement you are entitled to.
Under the Michigan Revised Statutes, marital property is distributed between spouses on an equitable, rather than even, basis. If the parties are unable to reach agreements on their own, there are various factors the judge will consider in issuing an order, such as the length of the marriage, each spouse’s income and earning potential, and their contributions in accumulating of increasing the value of assets. Common types of marital property at stake in high asset divorce cases include:
At Iafrate & Salassa, P.C., our Birmingham divorce attorneys are dedicated to protecting the special interests of clients in high asset divorces. This often involves uncovering hidden assets and anticipating potential tax ramifications.
Under Internal Revenue Service (IRS) guidelines, divorce can have a significant impact on future tax returns. This is particularly true in high asset cases. Tax issues that can be mitigated in settlement negotiations include:
When dealing with a high asset divorce case, you need a legal professional with knowledge and expertise you can trust. Call or contact Iafrate & Salassa, P.C. online today and request a free consultation with our Birmingham divorce attorneys to see how we can assist you.