Preserving Your Future: High Net Worth Divorce Attorney

When significant assets are involved in a divorce, the process becomes immensely more complicated. A high-asset divorce requires different strategies than a standard case. You need representation that understands the stakes.

We are the Law Office of Kevin L. Beard, P.A., a two-attorney firm founded in Catonsville in 1987. We serve clients throughout Baltimore County, Baltimore City, Howard County, Carroll County and Anne Arundel County. Protecting your financial future and your relationship with your children is our priority. We offer the capability and experience of a large firm. Our divorce lawyers build strong relationships with every client. Our goal is simple: to work hard to achieve your goals.

We manage all aspects of high net worth divorce cases, including:

• Property division
• Alimony (spousal support)
• Child custody
• Child support

Along the way, we remain mindful of the tax implications of divorce and your final divorce financial settlement. We are here to protect your wealth, your children and your peace of mind.

Valuing And Dividing Complex Assets Accurately

Your wealth is more than just bank accounts. It may involve complex investments and property. Similarly, complex property division involves more than splitting a savings account. It requires a detailed understanding of the true value of every asset.

We can identify what is marital vs. nonmarital property to protect what is rightfully yours. Our high net worth divorce attorneys are highly experienced in complex asset division involving:

• Stock options and grants
• Retirement plans and deferred compensation
• Vacation homes, rental properties, boats and cars
• Trusts and inheritances
• Valuing intellectual property in divorce

Dividing these assets can have significant tax implications for divorce. For example, transferring a stock portfolio is taxed differently from selling real estate. We work to create a fair and equitable property division settlement. In addition, we strive to minimize your tax liability to protect your wealth for the future.

Skillfully Dividing Businesses In A Divorce

For many affluent individuals, a business is their most valuable asset. When family ownership is involved, this presents unique challenges. This is more than a monetary split. It affects your livelihood and that of your employees. Fortunately, we have considerable experience valuing and dividing businesses and business assets in Maryland divorces. 

We may explore resolutions for the business division, such as:

• One spouse buys out the other’s interest.
• Owners sell the business and divide the proceeds
• The former spouses continue as joint owners.
• One spouse receives the other’s assets of equal value to keep the business whole.

We help you explore all options and consider which ones serve your interests.

How Are Assets Divided In A High Net Worth Divorce In Maryland?

Maryland follows the rule of equitable distribution law. Equitable does not mean equal. It means fair. The court looks at many factors to decide a fair division of marital property. This is why properly identifying and valuing all assets is so important. We work to build a clear picture of your marital estate. Then, we fight for an equitable distribution that safeguards your wealth.

How Can I Protect My Business Or Professional Practice In A Maryland Divorce?

The best time to protect your assets is before a divorce. A prenuptial agreement is a powerful tool. It defines how property is to be divided before you marry. If you are already married, a postnuptial agreement can serve a similar function. These agreements can establish a clear division of property. They offer security for your family-owned business in divorce or professional practice. They also protect premarital assets. If you have one of these agreements, we will ensure the terms are enforced. If you do not, we will use all available legal avenues to protect your property.

What Is The Role Of A Forensic Accountant In A High Net Worth Divorce?

Forensic accounts often prove vital in determining the true value of complex assets. They can:

• Uncover hidden assets in divorce that a spouse may attempt to conceal
• Provide a reliable valuation of a business
• Testify as experts in a divorce trial.

That is why we work with trusted financial professionals to gather substantial evidence and build a strong case.

Protecting Your Wealth And Privacy

A high-profile divorce involving significant wealth requires discretion. Our family law attorneys approach these cases with the utmost care. Whenever possible, we resolve matters privately through divorce mediation or negotiations. This protects you and your family from unnecessary public scrutiny. Our small-firm environment ensures you receive dedicated attention.

We have the knowledge to handle the unique issues that affect affluent families. This may include disputed issues of spousal maintenance and alimony. It also covers high-income child support. When such important and sensitive concerns are on the table, you need capable high net worth divorce attorneys like ours. 

Securing Your Financial Future

The right lawyer makes all the difference in these high-stakes cases. You need ones who will fight to protect your wealth. We are that firm. Call our office locally at 410-929-7197, call us toll-free at 888-366-6439 or email us to schedule a free initial consultation.