High Net Worth Divorce Attorney in Eagan, Minnesota
What is your approach to handling high net-worth cases?
What is your approach to handling high net-worth cases?
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one of the most important things about
handling a high net worth divorce case
is
working with clients to gather
information both their information the
information from their spouse
about what assets they have as of the
valuation date so we use evaluation data
start as a as a snapshot to say here’s
what the value is of your asset at this
particular time
and gather all the information learn
what is marital assets if there’s a
non-marital claim we’re going to need to
begin all that and start tracing it if
there’s business valuations to do we
need to retain somebody or see if the
opposing side would agree to a neutral
business valuator
often i work with a financial expert to
help with the case particularly when
things are complex when there’s tracings
or for example on occasion there’s
forensic accounting that needs to occur
if somebody’s concerned that somebody
has
dissipated assets or hidden assets that
we’re going to need to do some tracings
Eagan, MN family law attorney, Susan M. Gallagher discusses her approach to handling high net-worth divorce cases. She points out that in handling a high-net-worth divorce case, one of the most critical aspects is working closely with clients to gather comprehensive information. This includes both their own financial information and that of their spouse to understand the value of all assets as of the valuation date. The valuation date provides a snapshot of asset values at a particular point in time.
It’s essential to identify what constitutes marital assets and, if there are claims of non-marital property, to begin tracing those immediately. When business interests are involved, it may be necessary to retain a business valuator or, in some cases, agree with the opposing party on a neutral expert.
Often, a financial expert is engaged to assist with complex cases, especially when tracing assets or evaluating financial transactions. In certain situations, forensic accounting becomes necessary, particularly if there are concerns that assets have been hidden or dissipated. This careful and methodical approach ensures that all relevant financial information is accurately accounted for in high-net-worth divorces.
