Complex Financial Issues

Divorce is never easy, but some cases present more complex financial issues than others.  If you or your spouse owns a business, that business may be one of the most valuable assets of the marriage, and it may also be the primary source of a family’s support.  That business may also be one of the most complicated assets of the marital estate to value and may involve significant investigation and review of financial records.  If you are considering a separation and you or your spouse owns a business, it is important that you consult with an attorney who is experienced in dealing with these issues.  At Ward & Campbell, P.C., our attorneys have represented clients who own their own business as well as those whose spouse owns a business, and we have the expertise to help you through these issues.

In long-term marriages, parties have typically accumulated substantial assets, from real estate to investment accounts, and these assets are often extensive and intertwined.  By the time spouses have reached age 60, either or both spouses may have received inheritance from a passing relative and that inheritance may have been used for marital purposes or intermingled with marital funds.  Add to this equation impending retirement, questions about social security, health insurance, long-term care insurance, and the like, and it becomes clear why divorce under these circumstances can become complicated.  If you or your spouse have been married for many years or are entering your “golden years”, then there may be a number of complex issues you will be confronted with, including how to divide retirement, how you will support yourself after your spouse stops working, health insurance and health care expenses, social security, etc.

If you are considering separation, even if you do not own a business or are approaching your “golden years”, there are countless other complicated financial issues that may arise in a family law case, including various tax implications involving the distribution of pension and other retirement funds, the sale of stock, gain exclusions and capital gains taxes related to the sale of a residence, life insurance, and a myriad of other issues.

Divorce is complex.  The attorneys at Ward & Campbell, P.C. are equipped to handle the complex financial issues of divorce. We work closely with business appraisers, accountants, forensic experts, and financial advisors, including certified divorce financial analysts, to help our clients obtain the best possible results under difficult circumstances.