Inclusive And Cost-Effective Advocacy For High-Asset Divorce
Divorce is emotionally and financially strenuous enough. Having various complex assets to untangle as well can add even more complications to your situation.
The lawyers at NextLevel Law, P.C. by Daniel R. Hernandez, Esq., thoroughly understand the implications and unique challenges of a high-asset divorce and can help you promote your goals and interests no matter what type of marriage you have. We can also thoroughly account for every detail surrounding your marital assets.
The Assets That Can Complicate High-Asset Divorces
As you can’t divide all these assets the same way, having a lawyer on your side who knows how to evaluate and negotiate the division of these assets effectively can make a significant difference. Some of the assets that you may have to split during your divorce include:
- Retirement accounts: To divide retirement accounts, you need a qualified domestic relations order (QDRO). We can help you obtain and complete the appropriate documents to manage these transactions. We can also help you determine the proper amount to split and maneuver any tax challenges you encounter.
- Real estate properties: If you have more than one home, then you may wonder who will keep what and how much equity you and your ex-spouse will get. Our attorneys can collaborate with professional appraisers to discover the worth of each property, determine if Illinois law considers any of them marital property and fight for your share of equity based on how the properties get divided.
- Business assets: Business assets can include anything from profits, business equipment, the value of your business property or the value of your business as a whole. We can help you protect your interests, regardless of whether you own a business. If you do, we can collaborate with professionals to determine a fair valuation of your business and find various ways to shield your most valuable business assets from your divorce. If you don’t, we can help you determine how much value your spouse’s business accumulated during your marriage and advocate for your share.
- Art collections: If you and your spouse had art in your home, then our team can help you determine whether those art pieces are considered marital property and whether they’re subject to Illinois equitable distribution laws.
- Hidden assets: Sometimes, one spouse in a high-asset divorce will hide assets in other places in hopes that the other won’t get to them. If your spouse hides things like cryptocurrencies, investment accounts, cash or valuable luxury goods, we will thoroughly investigate those hidden assets and determine whether they can be subject to division.
The firm’s attorneys will work directly with you and communicate with you honestly and promptly. Contact them today by calling 312-530-8002 to schedule an initial consultation.
Representing High-Asset LGBTQ+ Couples
Daniel and his team are well equipped to work with people in all types of marriages, including same-sex marriages. Daniel is the proud LGBTQ+ owner of NextLevel Law, P.C., and not only do he and his legal team have a deep and thorough understanding of how high-asset divorces work, but they are also aware of the extra challenges that same-sex couples can face. While Cook County is accepting of LGBTQ+ individuals and their families, you could still face distinct obstacles that come with being in a same-sex marriage. Daniel and his team can provide a sense of understanding and support that other law firms can’t in this regard, and they will always go the extra mile to address your issues and make your voice heard.
Navigate The Stigma Of Divorce – Call Now
High-asset divorces can come with many challenges, including feelings of shame, tax implications, complex asset divisions and more. We are here to provide a practical, empathetic, inclusive and affordable experience.
We believe that there is no shame in starting over, and sometimes, that means ending a long-term relationship with someone you had intended to build a life with. At NextLevel Law, P.C., we can help you pave a shame-free path forward, where we can advocate for your needs, and you can start the next chapter of your life. Schedule an initial consultation today by calling 312-530-8002 or completing the contact form. Our team accept cases throughout Chicago and Cook County.