Protect your assets with help from Breeden Law Office.
A high asset divorce lawyer helps protect your wealth from unreasonable demands and potential capital loss. We combine our experience and knowledge with compassion for clients during this highly charged emotional time.
Protect your wealth
Let us guide you through complicated financial divorce settlements.
Talk to a high-asset divorce lawyer if you, your spouse, or both have a high net worth. Attorney Jonathan Breeden and his team increase your chances to get the divorce settlement that you deserve.
North Carolina is an equitable distribution state. However, equitable does not always mean equal when the court wields power to distribute and divide your hard-earned assets.
A high asset divorce lawyer is an advantage for an individual with:
Dividing and distributing assets between a wealthy couple is complex. When you factor in the emotional component or any allegations of fraud or abuse, a high asset divorce attorney could mean the difference between financial strength or ruin.
When a married couple has unequal earning power, the court could favor the spouse with a lower salary. The court may also choose to award less to a spouse who misbehaved during the marriage or the divorce, such as fraud or hiding assets.
Other factors that affect the distribution of wealth and assets:
North Carolina recognizes three types of property:
A high asset divorce lawyer helps protect your assets and secure the best possible settlement for you. We recognize the challenges that a wealthy couple faces when divorcing and use our deep knowledge of North Carolina civil law to ensure the most equitable distribution.
Attorney Breeden and his team take care of every detail concerning:
Significant wealth influences your divorce settlement –let us protect you.
Attorney Breeden carefully evaluates your situation, particularly your and your spouse’s financial disclosure statements. You only have one opportunity to ensure an equitable and fair split of assets and property.
The Breeden Law Firm has earned a reputation for our thorough and knowledgeable handling of high wealth divorces.
Typically, the longer the marriage, the greater the chance for the court to award alimony or spousal support. Judges might favor the lower-earning spouse – such as the stay-at-home parent – to ensure maintenance of an accustomed standard of living. North Carolina recognizes two primary forms of spousal support: post-separation support and long-term support.
Each spouse has different views and desires regarding financial support. We take our client’s economic, educational, and professional needs into consideration.
State child support guidelines might not apply to wealthy couples. Child support in a high asset divorce might include private school and other considerations that are atypical in most settlements.
When a married couple owns a business together, it can be challenging to find an equitable solution during a divorce.
Depending on the willingness of both parties, it is possible to create a partnership of a jointly owned business despite the divorce.
Other options include:
North Carolina is a no-fault divorce state, meaning that you do not need grounds for divorce. However, judges are human and may want to punish a cheating or abusive spouse financially. If the other party refuses to negotiate in good faith, proof of marital misconduct is an effective bargaining tool.
An inheritance is usually excluded as marital property, no matter when the individual received it. However, any inheritance, estate, or legacy placed into a joint checking or savings account, or another type of investment, could be vulnerable to distribution.
A high asset divorce attorney can answer your questions and concerns about inheritance as separate property and therefore excluded from the settlement.
Occasionally, an unscrupulous spouse tries to hide assets through a third-party, out-of-state trust, or offshore investments. A high-asset divorce lawyer recognizes these tactics and will take appropriate steps to protect clients from financial or criminal consequences.
Spousal support is not tax-deductible for the paying spouse. Still, there may be tax implications for the spouse receiving alimony and child support.
Married couples who used to file jointly might find themselves in either higher or lower tax brackets. They might also benefit from capital loss carry-forward, allowing taxpayers to apply a current loss to a future tax period. The Breeden Law Firm can connect clients to tax attorneys and other professionals for specific help.
Attorney Breeden finds creative solutions and compromises to dividing assets while maintaining their value. High-worth couples often have multiple properties and a diverse financial portfolio. We intend to protect your hard-earned wealth, including:
Sometimes it is helpful for clients ending a long-term marriage to get estate planning counsel. You may want to consider estate planning in conjunction with resolving the financial issues in your divorce.
A high asset divorce lawyer may recommend that you and your spouse resolve your differences in mediation instead of a courtroom. Selecting mediation means that you keep your financial affairs private. Mediation also protects you from an overreaching judge who might not distribute your assets evenly.
A house is considered along with other assets as either marital or separate property. Should one spouse acquire the house prior to marriage or inherit it, it is generally regarded as separate property.
Like assets, debts acquired during the marriage are also considered marital property. Even if the debt was in one spouse’s name, the court might divide matrimonial debts equally unless one spouse is financially disadvantaged.
Try to gather as much information as you can about this suspected activity and turn it over to a high asset divorce lawyer. It is not uncommon for the wealthier spouse to hide funds in an offshore account or use another deception to hide assets.
Mediation is a viable alternative to family court. Unlike public divorce proceedings, mediation is private. You might save time and money if you and your spouse can work out an amicable, uncontested divorce.
Alimony – known more commonly as spousal support – is not a given. Still, the court may look sympathetically to the spouse with little or no income. A judge might grant spousal support so that you may secure the necessary education and training to enter the workforce.
Protect yourself and your wealth with the Breeden Law Firm.
Attorney Breeden guides you through the complexities of a high asset divorce. Whatever support you need, you can rely on the Breeden Law Firm for responsive legal care. Call 919-661-4970 today or use our contact form for a confidential conversation about your case.
Call Breeden Law Office today:Call (919) 661-4970