Experienced High Asset Divorce Lawyer
Serving Arlington Heights and Chicago, Illinois
When facing a high asset divorce in Illinois, navigating complex financial matters and legal obligations can be daunting. Assets, investments, and even business interests could be affected. At the Law Offices of Roger W. Stelk, we understand that high net worth divorces involve unique challenges, from valuing substantial marital property to protecting personal assets.
We’re here to help.
As a high asset divorce lawyer with over 30 years of experience, my goal is to provide you with personalized, comprehensive legal support to ensure a fair resolution that respects your financial interests and long-term security.
Contact our law firm today to schedule your free, no-obligation consultation. Call 847-506-7330
What Is a High Asset Divorce?
A high asset divorce generally involves a high net worth or significant financial holdings, including multiple real estate properties, retirement accounts, business interests, investments, or valuable personal property.
These cases frequently bring unique challenges that may not be present in standard cases. Key issues may include:
- Valuation of assets: Properly valuing complex assets, including businesses, investment accounts, and retirement funds, is essential.
- Division of assets: Illinois follows equitable distribution, meaning assets should be divided fairly but not necessarily equally.
- Tax implications: Dividing substantial assets can carry tax consequences, which need to be carefully considered.
- Protecting privacy: High-asset divorce cases can draw public interest, making privacy a concern.
Given the complexities involved, these cases require the assistance of an experienced divorce attorney to secure a fair and equitable division.
Why You Need an Experienced High Asset Divorce Attorney
Divorces involving substantial assets demand careful financial analysis, strategic planning, and, in many cases, collaboration with professionals such as forensic accountants, business valuation experts, and tax advisors. High net worth divorces usually include:
Comprehensive Asset Valuation Services
Our team collaborates with forensic accountants, business appraisers, and financial analysts to determine the accurate value of each asset.
- Business Valuation: For spouses who own businesses, we work to ensure accurate business valuation to achieve a fair outcome.
- Real Estate Appraisals: Properties can be some of the most valuable marital assets. We handle appraisals and address any related tax issues.
- Retirement Account and Pension Valuation: Whether it’s a 401(k), pension, or IRA, we ensure these assets are accurately valued and equitably divided.
Asset Division in Illinois High-Asset Divorces
The equitable distribution process in Illinois can be complex in high-asset divorces. Factors considered in asset division may include:
- Each spouse’s contribution to the marital estate
- Length of the marriage
- Financial resources and future earning potential of each spouse
- Any agreements, such as prenuptial or postnuptial agreements
At the Law Offices of Roger W. Stelk, we have more than 30 years of experience handling these intricate cases. Our legal team has helped countless clients avoid common pitfalls in high net worth cases, and we’re committed to helping you secure a favorable outcome.
Call Today: 847-506-7330
Protecting Business Interests During Divorce
For business owners, divorce can present a serious risk to business continuity. At The Law Offices of Roger W. Stelk, we are committed to protecting your business interests, whether that involves retaining sole ownership or negotiating a favorable division.
Assessing Business Valuation
Business valuation requires a careful approach that considers the business’s value and future revenue potential. Our team uses financial experts to assess aspects such as:
- Company assets
- Revenue and profit trends
- Liabilities and debts
- Market value
We help clients like you retain their business or reach an equitable settlement that doesn’t compromise the business’s stability.
What Experts Are Needed in High-Asset Divorce Cases?
Addressing Complex Financial Portfolios and Investments
In high-asset divorces, complex financial portfolios can significantly impact the divorce outcome, making careful handling essential. We have an in-depth understanding of high-value financial instruments and their potential growth, and we’ll provide meticulous planning and strategic asset division to ensure a fair settlement.
Division of Stocks, Bonds, and Investment Accounts
Investments such as stocks, bonds, and mutual funds often play a significant role in high-asset divorces. Our firm ensures that:
- Portfolio Valuation is Accurate: Each asset’s current value and potential growth are analyzed to reflect a fair assessment.
- Strategic Division Planning: We protect your investments by crafting an agreement that benefits both parties while minimizing tax consequences.
Dealing with Retirement Accounts and Pensions
Retirement accounts are crucial assets in a divorce. Our team handles:
- Qualified Domestic Relations Orders (QDROs): A QDRO is necessary to divide retirement assets without tax penalties.
- Pension Evaluations: For pensions and similar benefits, our team calculates present and future values to ensure fair division.
Protecting Your Future in High-Asset Divorces
The financial impact of a high-asset divorce can last for years. Our team is committed to helping you secure your financial future. Whether through negotiation, mediation, or litigation, our Arlington Heights law firm will guide you every step of the way to help you retain as much of your wealth as possible.
If you are facing a high-asset divorce in Arlington Heights or Chicago, contact The Law Offices of Roger W. Stelk at 847-506-7330.