It has been said that divorce involving entrepreneurs and high net worth individuals (HNWIs) tends to be more challenging. This is because there are more assets to divvy up, which can be more complex in cases of divorce between one or two HNWIs. This is not only tedious, but it can cause the divorce process to drag on for much longer than it otherwise would.
As your family law lawyers, our team at Bilodeau Capalbo can help you divvy up your assets, divide businesses, and make sure that you are treated fairly, whether you are the more affluent spouse, less affluent spouse, or one of two divorcing HNWIs. We have been experientially prepared to minimize your stress by treating your case with compassion and dignity, and we are well-versed in the art of sorting out the complex, legal nuances of splitting up with your spouse.
In most cases, divorces involving one or more HNWIs are notoriously difficult. However, they are likely to be more challenging in cases where both spouses jointly manage a business. When this occurs, there are trusts, properties, business partnerships, and other business assets that must be properly divided, resulting in significant protraction of the legal separation process.
High net worth divorces also prove difficult for the spouse who is not the primary breadwinner. In such cases, it is often up to the supposed less-affluent spouse to value their contributions to the marriage, lifestyle, and success of their partner and calculate the amount of alimony they may be able to receive.
Prenuptial agreements also make divorcing a HNWI complicated, especially because the existence of a signed prenup does not necessarily disqualify the signing spouse from receiving any alimony or marital assets. In many cases, the circumstances under which a prenuptial agreement is signed are considered inappropriate, legally illegitimate, or coercive, often resulting in their invalidation in divorce court. However, you cannot safely assume the legitimacy or objectionability of your prenuptial agreement without the assistance of a Rhode Island family lawyer.
If you are entering a high net worth divorce, protecting your assets and ensuring fair treatment should be on your mind. At Bilodeau Capalbo, LLC, we are committed to helping you navigate the unique difficulties of your divorce and doing everything in our power to secure your best possible outcome.
Get in touch with one of our experienced Rhode Island family law lawyers at (401) 300-4055 or schedule your confidential consultation today.