Complex Assets in Divorce

FF Colorado
October 30, 2013

Preventing critical mistakes in high asset divorce cases is not something that many divorce attorneys get the opportunity to do that often in their practice.

One of the largest, most complex aspects of divorce is the distribution of assets and debt. How do you ensure that you will walk away with a fair portion of the marital estate? Experienced divorce attorneys combine the legal and financial expertise to give you the knowledge you’ll need from the outset of your case and assist clients with divorce throughout the process to:

Avoid many of the costly asset division traps that can you to miss out on what you deserve.
Negotiate and structure the division of real estate including second homes and investment property.
Analyze tax records to locate hidden and overlooked assets, income and debt.
Make the best use of financial and valuation experts.
Explore how trusts are divided in divorce.
Use QDROs and other tools to value and divide complex retirement plans and accounts.

Some of the high asset/high net worth items include:

Commingled Separate and Community Assets

Vacation Homes and Investment Real Estate Interests

Valuing and Dividing Family Business Assets
Deciphering Valuation Discounts
Interests in Closely Help Corporations
Stock Option Compensation
Determining the Spouse’s Contribution to the Business
What to Look for When Reviewing a Business Valuation

Complex Retirement Plans
QDROs
State, Federal, & Military Retirement Plans

Finding Hidden Assets, Income and Debts: Using Tax Returns and other Financial Documents

Using Forensic Accountants and Business Valuation Experts
Using the Expert Reports
Depositions and Cross-Examination of Financial Experts
Handling Conflicting Expert Testimony
Preparing Effective Sworn Financial Statements

Dividing Trust Assets In Divorce
Locating and Trust Assets
Present and Future Value
Proving Trusts as Divisible Assets: Key Tactics
How to Counter Argue Trust as Assets
Tax Considerations and Transfer Fees
Handling Special Needs Trusts in Light of Divorce

Other Complex Asset Division Issues
Spousal Benefits Eligibility During and After Divorce
Enforceability of Prenuptial Agreements
Asset Management of a Disabled Spouse
The Effect of Bankruptcy on Marriage Dissolution
High Maintenance/Complex Dissolution When Client is Not Liquid
Post-Decree Litigation
Mediation and Arbitration

Folkestad Fazekas Barrick & Patoile, P.C., is a regional full-service law firm strategically located between Denver and Colorado Springs, in Castle Rock, Colorado. We provide quality, cost-effective legal services to clients in a wide array of practice areas, visit our website at http://ffcolorado.com/practice-areas/divorce-attorney/ or call or a free telephone consultation on your issues at 303-688-3045

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Marc C. Patoile is a director and shareholder at Folkestad Fazekas Barrick & Patoile, P.C. Marc represents clients with the confidence and expertise clients desire in seasoned attorneys. With more than 18 years of courtroom experience, he knows how to bring many time-saving solutions to resolving your case and he has the reputation for effectively arguing your case in court, if it cannot be settled amicably.