Complex High Net Worth Divorce Attorneys
Untangling and Protecting Your Financial Legacy
Divorces come in all shapes and sizes. Sometimes, in high net worth divorce there are significant assets, but the financial issues are straight forward and easily resolved. However, most divorces involving significant assets are complex and you may need the support of a family law attorney.
The financial legacies of high net-worth individuals involve more complicated legal questions when it comes to the division community property, or the division of assets due to tax implications, trusts, or restrictions on transfer of assets.
Protecting Wealth During Divorce
At Blevans, Itzkowitz & Cantrell, LLP, we specialize in representing high net-worth clients throughout the Bay Area facing all types of family law issues. We do so primarily in two different contexts:
- Protection against the financial implications of divorce through premarital or postnuptial agreements; and
- Working with you and your team of professionals (i.e., estate planners, business counsel, managers, and/or tax advisors) in divorce proceedings.
Our attorneys are knowledgeable in how the following can affect a high- net-worth divorce case:
- Passive interests
- Trust distributions
- Family gifts
- Compensation structures
- Phantom income
- Tax and estate planning
Our attorneys also assist high-net-worth clients with their unique complexities in child support cases, since the needs of a child are often satisfied with significantly less money than a high-income earner has the ability to pay.
Minimizing the Tax Implications of Divorce for High-Net-Worth Clients
For some clients, generational wealth preservation and tax minimization strategies can be upset by the consequences of divorce. We often assist clients in finding and negotiating unique out-of-court solutions that allow for your children to reap the benefit of your legacy, while ensuring both spouses have appropriate and adequate access to funds and property during their lifetimes.
If you are a high net-worth individual contemplating marriage or divorce, or if you have significant assets and wish to clarify your financial rights before or after marriage, we bring extensive experience to these high-net-worth divorce and marital-planning issues.