Knoxville High-Asset Divorce Lawyers

Fighting for Your Best Interests in Complex Divorce Cases

Going through a divorce involves physical, emotional, and financial separations. For couples with a high net-worth, identifying, untangling, and fairly dividing marital property can be a difficult, contentious, and challenging process. For these couples, the stakes are high; you may be dealing with wealth that has taken decades to accumulate through hard work, saving, and smart financial planning.

The task may be made more complex in cases where one spouse has produced the lion’s share of the wealth while the other has provided crucial support over the years of the marriage.

Bringing your case to a family law firm with a Knoxville divorce lawyer with experience representing high-asset divorce cases is vital.

With so much on the line, you need a highly-qualified legal professional protecting your rights and interests. At Held Law Firm, we have more than 50 years of combined experience in resolving divorce and family law issues. We understand how to deal with the complex division of marital property and alimony issues that must be resolved fairly and equitably in a high-asset divorce.

Discuss your case with one of our attorneys during a free case evaluation. Contact us at (865) 685-4780to speak with a high-networth divorce attorney near you.

High-Asset Divorce Cases in Tennessee

In general, the more wealth you and your spouse have accrued over the years of your marriage, the more complex the marital estate can become. It requires a longer and more intensive process to identify, value, and divide these assets, especially in cases where disputes have arisen.

In some instances, a spouse may have tried to hide assets from the other or may have used, sold, transferred, or squandered assets without the knowledge or consent of the other.

Marital assets can include:

• The family home and other real estate holdings, including multi-family properties, unbuilt land, or commercial property
• Stock portfolios and other investment accounts
• Valuable artwork or other collections
• Yachts, boats, and expensive vehicles
• Closely-held or family businesses or interests in such businesses
• Professionally licensed practices
• Retirement accounts, pensions, and deferred compensation

Clients with these types of assets can include high-level executives, CEOs, doctors, celebrities, athletes, and others. In such cases, the process of dividing and distributing marital property may include investigations to find and identify hidden assets, recovery of assets that may have been wrongfully gifted, valuing or appraising assets, conducting forensic audits, and more.

These cases may also be impacted by prenuptial agreements that must be evaluated and/or enforced. The process may involve expert study, advice, and reporting, such as from forensic accountants, appraisers, and other professional advisors.

Fairly dividing and distributing such complex assets can be a lengthy and intricate process. While our firm will always make an attempt to help you resolve your high-asset case as amicably as possible, such as through mediation or collaborative divorce, it may take courtroom litigation to get a fair outcome.

Equitable Distribution Laws in Tennessee

Tennessee follows equitable distribution laws, meaning assets are divided fairly—but not necessarily equally. This process is complex and requires a detailed assessment of financial holdings. Courts consider numerous factors when determining how marital assets should be allocated, including:

• The duration of the marriage

• Each spouse’s financial contributions and non-financial contributions, such as homemaking and child-rearing

• The earning potential and financial needs of each spouse

• The value of separate property owned by each spouse before the marriage

• Any dissipation of assets by either party, such as reckless spending or hiding funds

Fearless Legal Representation for High-Asset Cases

Unfortunately, the greater your wealth and the more assets you have, the more is at stake and the more there is to consider in resolving your divorce. At Held Law Firm, we are here to give you the advice and guidance you need throughout the divorce process. Our Knoxville high asset divorce lawyers thoroughly understand the issues you face and, through exhaustive preparation and aggressive advocacy, can provide the support you need during this critical time.

Types of Divorces Offered

Every divorce is unique, and Held Law Firm provides legal representation for a variety of divorce cases, including:

• Uncontested Divorce: When both parties agree on major aspects of the divorce, allowing for a faster and less expensive resolution.

• Contested Divorce: When spouses cannot agree on critical issues such as property division, alimony, or child custody, requiring litigation.

• Mediated Divorce: A collaborative approach where a neutral mediator facilitates negotiations between both parties to reach a fair settlement.

• Collaborative Divorce: Both spouses and their attorneys work together in a structured process to settle the divorce outside of court.

• High-Conflict Divorce: When disputes involve significant assets, child custody battles, or allegations of misconduct, requiring aggressive legal representation.

Our high asset divorce attorneys assess each client’s situation and recommend the most appropriate legal strategy to protect their interests.

What Sets Held Law Firm Apart?

• Strategic Asset Protection: We work diligently to identify and safeguard our clients' assets, ensuring fair and equitable distribution.

• Business Valuation Expertise: If you own a business, we collaborate with financial professionals to accurately assess its value.

• High-Net-Worth Divorce Litigation: When negotiations fail, we are prepared to aggressively litigate on behalf of our clients.

• Confidentiality and Discretion: Our Knoxville high asset divorce attorneys handle high-profile cases with the utmost privacy, protecting your reputation and financial standing.

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Contact us at (865) 685-4780to discuss the specifics of your case with an experienced high asset divorce attorney near you today.

FAQs About High-Asset Divorce

1. How is property divided in a high-asset divorce in Tennessee?

Tennessee follows equitable distribution laws, meaning property is divided fairly based on factors like the length of the marriage, each spouse’s contributions, and future financial needs.

2. Can my spouse hide assets during a divorce?

Unfortunately, some spouses attempt to hide assets. Our legal team works with forensic accountants to uncover hidden bank accounts, undervalued businesses, and concealed investments.

3. How is a business valued in a divorce?

A business is typically valued using approaches such as the income method, market comparison, or asset-based valuation. We work with financial experts to ensure an accurate assessment.

4. Will I have to pay alimony in a high-asset divorce?

Alimony is determined based on several factors, including the length of the marriage, income disparity, and each spouse’s financial contributions. Our attorneys advocate for fair and reasonable alimony arrangements.

5. How long does a high-asset divorce take in Tennessee?

The timeline varies, but high-asset divorces often take longer due to complex financial evaluations, negotiations, and potential litigation. On average, they can take anywhere from several months to over a year.