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Salt Lake City High Asset Divorce Attorneys

Salt Lake City high net worth divorce attorney

Experienced Salt Lake City High Asset & Conflict Divorce Attorneys Serving Utah

The divorce process can be difficult for any couple, but when a couple has a high net worth, the stakes are higher, and the potential for disputes over how the marital estate will be distributed can become more significant. A divorce is generally considered a high-asset divorce if the couple has a combined net worth of $1 million or more. Unlike typical divorces, where the division of assets may be more straightforward, high-asset divorces usually involve complex financial arrangements, business interests, multiple real estate properties, and significant wealth, making the process more complicated and potentially contentious. This is why it is critical to choose an attorney who understands the intricacies involved in these challenging cases.

At Collins Rupp, P.C., our legal team has extensive experience handling high-asset and high-conflict divorces, and we are dedicated to protecting our clients’ financial needs and interests. We understand how quickly these cases can escalate and the emotional and financial toll they can have on you and your family. Our goal is to ensure that your parenting and financial rights are protected so that you can walk away from your divorce with the best possible outcome based on the circumstances of your case.

Division of Assets in Utah

The state of Utah follows the equitable distribution rule when dividing a couple’s assets during a divorce. This means the marital estate will be divided “fairly” but not equally. This division can be difficult enough in a typical divorce, but in a high-asset divorce, it usually involves distributing assets from trusts, complex investment portfolios, offshore accounts, and other sophisticated financial instruments, making the process even more complicated. Our law firm regularly works with forensic accountants, financial analysts, and other professionals to determine the true value of these assets and ensure that you understand the financial and legal implications each asset may have on your case.

With this much at stake, it is not uncommon for negotiations to break down quickly, and an already complex situation can involve additional conflicts. We can help you take the right steps to resolve these issues, and if necessary, we will provide you with representation in divorce litigation.

Business Interests

If one or both spouses owns a business or has significant holdings in a company, it is crucial to determine the value of that business. The valuation of companies is an area that can become highly contentious, because spouses may dispute the methodologies used and the dollar value that the other party comes up with. There may also be concerns about the viability of the business in the future and how that viability should affect the current value. Our seasoned high-asset divorce attorneys will determine what valuation process will provide you with the most benefit, and we will ensure that your best interests are protected.

Prenuptial and Postnuptial Agreements

It is not uncommon for a high-net-worth couple to have either a prenuptial or postnuptial agreement in place. The court treats these agreements as valid legal contracts that can determine the division of assets and establish spousal support obligations. These agreements do not impact child custody issues.

For a prenup or postnuptial agreement to be valid and enforceable, it must meet certain criteria, or else a spouse can challenge it. Our attorneys will be able to determine if there are issues with your agreement that could invalidate it.

Child Custody and Child Support

In Utah, every child custody case is decided based on the "best interest of the child" doctrine. In a high-asset divorce, the ability to provide the child with the standard of living they had prior to the parents' breakup can be one of the factors the court considers. This often leads to combative negotiations between the parents as they debate over child support and how other expenses related to the child should be split.

Our attorneys understand that nothing is more precious and valuable to you than your children. We will aggressively advocate for your parenting rights and help you negotiate a parenting plan that will meet your family’s needs, ensuring your children benefit from having both parents actively involved in their lives. Moving forward, our firm can also help you work through any disagreements or disputes that may come up over parenting time or other custody issues.

Contact Our Salt Lake City, Utah High Asset Divorce Lawyers

If you are facing a high-asset or high-conflict divorce, do not trust your future with just any lawyer. You need a skilled and compassionate high-asset divorce attorney representing you and protecting your rights and interests. The attorneys at Collins Rupp, P.C. will stand by your side through every step of this process. Call our office at 385-777-2753 or contact us online to schedule a free and confidential consultation.

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