The divorce process can be long, complicated, and expensive for any couple. However, cases can become especially complex when a couple has a high net worth, including situations where one or both spouses have a high income, where they own valuable assets, or where either spouse has significant family wealth. If you are currently going through a divorce or are considering ending your marriage, and you need to address issues related to large assets or significant income earned by either spouse, there are some things you need to keep in mind. By taking the right approach during your divorce, you can protect your financial interests, minimize complications and expenses, and come out the other side of your case prepared to meet your needs in the future.

The team at Weiss-Kunz & Oliver, LLC has extensive experience representing clients in multiple types of divorce cases, including those involving couples with a high net worth. We understand the unique considerations and challenges that affect couples in these situations, and we have the knowledge and experience needed to help you handle financial issues effectively. Our goal is to help you achieve the best possible outcome, whether that means negotiating a divorce agreement that takes your unique circumstances into account, working with forensic accountants to value assets and determine appropriate distributions, or representing you in litigation if necessary.

Preparing for a High Net Worth Divorce

In many cases, a high net worth divorce will take longer than the average divorce case. Gaining a full understanding of the assets you own and other aspects of your financial situation can take time, and making decisions on how to address issues related to property, income, and finances can often be a complex process. These divorce cases are also often more expensive than average, since you may need to work with accountants, appraisers, or other financial experts during the divorce process.

Getting through the divorce process can be difficult for everyone involved. Spouses will need to address multiple details related to their finances and property, and in addition to determining how to divide marital property fairly, they will also need to make sure they will be able to meet their needs going forward. Parents who get divorced will need to make decisions about the custody of their children, and child support orders will be put in place. Addressing all of these issues and resolving the various disputes that may arise can be stressful, time-consuming, and expensive. Because of this, those who complete the divorce process are usually ready to put these matters behind them and move forward with their lives. However, in the years following a divorce, questions may arise about whether the orders put in place in family court can be modified. 

If you have experienced changes in your life after finalizing your divorce, you will likely have many questions about what types of modifications you can request and the procedures you will need to follow in these cases. The attorneys of Weiss-Kunz & Oliver, LLC can answer any questions you may have about these issues, and we will inform you of your rights and advise you on how to proceed as you request a modification. We will provide you with representation in court hearings, and we will advocate on your behalf to ensure that your rights and your children's best interests will be protected in any modifications that the court puts in place.

How Do I Modify a Court Order?

If you would like to modify your divorce decree, your parenting plan, or other orders put in place upon the finalization of your divorce, you must file a Petition for Modification with the circuit court in the county where the original order was entered. You will also need to serve the Petition on your ex-spouse, and they may file a Response. Once the Petition and Response are filed, the court will schedule a hearing. At the hearing, both parties will have an opportunity to present evidence and argue their position. After considering all of the evidence, the judge will make a decision on whether modifications will be appropriate. If the judge decides to make modifications to previous court orders, a new order will be issued detailing the modifications that have been put in place. Both parties will be required to abide by the terms of this order going forward.

When preparing for divorce, many couples get ready for significant conflict, and they may resign themselves to having difficult arguments about issues such as their finances, the property they own, their living situations, and their children. However, a divorce does not have to be full of anger and animosity, and in some cases, a couple may agree that since ending their marriage is best for everyone involved, they will work together to complete the divorce process with minimal conflict. 

An amicable, uncontested divorce may seem like an ideal solution that will allow legal issues to be addressed and resolved quickly and effectively. However, couples will still need to be aware of the procedures that must be followed in these cases, as well as the steps they can take to avoid potential problems that may arise in the future. Even though a couple may be looking to minimize expenses and resolve matters outside of court, it is a good idea for each spouse to have their own attorney who will represent their interests, address potential legal issues, and help them complete the divorce process effectively.

At Weiss-Kunz & Oliver, LLC, we can provide the legal help you need in an uncontested divorce, ensuring that you meet all legal requirements to legally dissolve your marriage while also advising you on the best steps you can take to protect your rights and interests. We can provide guidance on how to resolve any disputes that may arise, and we will advocate on your behalf while negotiating the terms of your divorce settlement, ensuring that you will be able to move forward successfully once your divorce is complete.

Legal matters related to child custody can become very complex from both an emotional and a legal standpoint. When parents choose to get a divorce, or when unmarried parents decide to end their relationship, they will need to make many decisions about how they will work together to raise their children, where children will live most of the time, when children will spend time with each parent, how various expenses will be handled, and multiple other issues. When a case involves mental health issues, these decisions can become even more complicated. 

If a parent has a mental illness, a substance abuse problem, or another serious issue that might affect their ability to care for their child, the court may consider these factors when making a custody determination. When mental health issues are involved in a case, parents must consider what is in the best interests of their children while also ensuring they are prepared to address their own needs and concerns. 

If you are going through a divorce, and mental health issues are a concern, it is important to understand how these issues may affect your case. At Weiss-Kunz & Oliver, LLC, our divorce and child custody attorneys can help guide you through the legal process, advocating for your children's best interests and ensuring that you take the proper steps to protect your parental rights. We can help you determine whether mental health or child custody evaluations will be appropriate, and we will advise you on the best approach to take to resolve any disputes that may arise. 

Getting a divorce can be a difficult process, regardless of the situation surrounding the end of a couple's marriage. However, there are some issues that can complicate the divorce process, and if they are not handled correctly, a case can become much longer, more drawn-out, and more expensive. Financial concerns related to the division of marital property can often lead to contentious disputes, and this is especially true in situations involving business ownership. Whether divorcing spouses own a business together, a spouse owned a business before getting married, either spouse has an ownership share in a family business, or a couple owns multiple types of business interests, it is important to understand how these assets will be addressed during the divorce process.

The law firm of Weiss-Kunz & Oliver, LLC provides experienced, dedicated representation during complex divorce cases. We understand the challenges that can arise when dividing business interests during divorce, and we work diligently to protect the rights and interests of our clients throughout the divorce process. We can work with financial experts to ensure that business assets are valued properly, and we will advise our clients on the solutions that will protect their financial interests going forward.

When Do Business Interests Need to Be Addressed During a Divorce?

When it comes to dividing business assets and other types of property during the divorce process, the first step is to determine which assets are considered marital property and which are separate property. Generally speaking, any asset acquired during the marriage is considered marital property, while assets that were acquired before the marriage or after the date of a legal separation are considered separate property.