High Net Worth Divorce Attorney In North Scottsdale, AZ
Divorce is never easy, but when highly valued assets are owned between you and your spouse, you have to protect what you’ve worked so hard to build. At Ellsworth Family Law, P.C., we see your dedication. We want to help protect it against the damage caused by divorce. Our experienced North Scottsdale high net worth divorce lawyer is here to help.
Why Work with Ellsworth Family Law, P.C.?
For over two decades, the team at Ellsworth Family Law, P.C., has helped clients address the many issues common to North Scottsdale high net worth divorce cases. Whether you are raising a young family near Grayhawk or you are the owner of a business near Pima Acres, we are here to help. Two of our attorneys, Steve Ellsworth and Glenn Halterman, are Certified Family Law Specialists and are here to protect your rights.
Issues Common to North Scottsdale High Net Worth Divorce Cases
Nearly 86,031 people call North Scottsdale home, where the average individual income is around $92,369. Additionally, the average home is sold for over $1 million, adding a highly valued asset to many couples’ portfolios. When a couple shares a significantly high net worth, there are some issues distinct from traditional divorce cases. These issues include:
- Property division. Because Arizona operates as a community property state, any assets or debts acquired during the marriage are equally owned by the spouses. When multiple properties, combined bank accounts, and diverse investment portfolios come into play, all these factors can add to the complexity.
- Asset valuation. When a couple owns collections of things like luxury cars or other items of high value, they will need to undergo an official appraisal. This ensures the property is divided equally, and one spouse does not walk away with less than they deserve.
- Hidden assets. In high net worth divorce cases, it is not uncommon for one spouse to try to hide assets from the other spouse. This could look like hiding cash, concealing income, or using offshore bank accounts. If you believe your spouse is hiding assets, the team at Ellsworth Family Law, P.C., can work to uncover the truth.
- Spousal support or child support. The issues of both child support and spousal support are common in high net worth divorce cases. These marriages often have a significant income gap between the two spouses. The established lifestyle for both spouses and children is also more expensive.
- Public attention. If the couple is well-known, then the public divorce proceedings might become a topic of interest. Calling a divorce attorney can help keep the case as private as possible for all parties involved. They can also explore more confidential options like mediation or arbitration.
Hire a High Net Worth Divorce Lawyer Today
Dissolving a high net worth marriage is complicated. It is essential that you hire a seasoned high net worth divorce lawyer who understands your unique situation. At Ellsworth Family Law, P.C., our team is here to serve you. Contact our office today to learn more information and to schedule your initial consultation.
