Navigating High-Asset Divorces
Every divorce can seem like a puzzle when it comes to dividing assets and property, but when the value of the assets in question increase, so can the size of that puzzle. Iowa is an equitable distribution state, meaning a divorce settlement must provide a fair asset split. However, that rarely means things are divided in a 50-50 manner.
If you were in a marriage where you or your spouse (or both of you) accumulated significant property or wealth during your relationship, speak with the family law legal team at Babich Sarcone. Our attorneys have significant trial experience and can call upon a network of forensic financial professionals if you believe your ex might be hiding assets or misrepresenting their value. We also can help you navigate mediation sessions that focus on high-value asset distribution questions.
How To Protect Your Interests During Asset Division
Crucial to determining how assets are divided is knowing when they were acquired. If an asset was purchased before the date of your marriage, or is covered by a pre- or postnuptial agreement, it may be considered separate property and will not be included in the asset division process.
Many types of high-value items can be at issue during asset division, including:
- Cash
- Investment income
- Second homes or vacation property
- Motor vehicles
- Farmland or other real estate
- Retirement assets such as pensions or 401(k) accounts
- Ownership of a business or a professional practice
- Heirlooms and personal items
- Luxury items like a personal jet
At Babich Sarcone, we protect our clients’ interests and advocate for solutions that provide them with maximum benefit. In high-asset divorce cases, there are many opportunities to create an agreement that fulfills the needs of each spouse. We are equipped to help you negotiate these resolutions in mediation, but we are also prepared to aggressively litigate cases where negotiating a fair deal is not possible.
We’ll Fight For What’s Fair For You
Do not fear loss of your assets in divorce. Let our experienced lawyers help you keep what you deserve. To request a consultation, call our Des Moines office at 515-817-1870 or email us using the online contact form on this page.