Geneva High Net Worth Divorce Lawyers

Dedicated Divorce Attorneys Helping Address Complex Financial Issues in Geneva, Illinois

At Serrano Hanson & Hurtado, LLC, we are especially prepared to handle high net worth divorces in Illinois. Our attorneys have years of experience assisting clients with problems that are unique to high asset divorce proceedings. When you first consider filing for divorce, you may not immediately think about how wealth can affect your divorce differently. Yet it is important to keep in mind that each divorce has its own complications, and high net worth divorce cases are particularly complex.

After you have spent years or even decades with your spouse and have acquired significant assets, the prospect of property distribution or determining the value of possessions such as artwork or real estate investments can produce much anxiety. When you work with our firm, you can rest assured that your case will receive the fullest attention while your assets are at stake. Contact Serrano Hanson & Hurtado, LLC today to learn more about how we assist high net worth clients.

High Net Worth Issues in Kane County Divorces

What kinds of issues tend to arise in high asset divorces that do not exist in other cases? Like other divorces in Illinois, high net worth cases are governed by the Illinois Marriage and Dissolution of Marriage Act (750 ILCS 5/). However, given that couples with substantial wealth often have more complicated assets than others, it is important to understand some of the issues that may arise in these types of divorces. When you are facing a high net worth divorce, you will need to pay particular attention to some of the following matters:

• Division of marital assets and property. Illinois is an equitable distribution state, so the division of your property may not be a 50/50 split.
• Alimony and maintenance. Depending on your and your spouse's respective incomes, you may be responsible for paying alimony.
• Preservation of assets in divorce. Making copies and records of your assets, tangible or otherwise, can help ensure everything is fairly distributed in the divorce.
• Tax issues in divorce. Divorce can complicate certain tax-related matters, such as claiming a child as a dependent, filing separately or together during a divorce, or how spousal support payments will be reported on tax forms.

Property distribution can be particularly complicated when it comes to high asset divorces. At Serrano Hanson & Hurtado, LLC, we assist clients with numerous issues surrounding various kinds of property, including but not limited to:

• Real estate investments
• Artwork and other cultural objects
• Antique automobiles
• Watercrafts
• Multiple bank accounts, including savings accounts
• Trusts
• Businesses
• Life insurance policies
• Professional licenses
• Intellectual property, such as trademarks or patents
• Stocks and brokerage accounts
• 401k, IRAs, and pensions

Personalized Representation in High Asset Divorces

Regardless of the kinds of property you have acquired during your marriage, our lawyers can assist with all types of divorce issues. At Serrano Hanson & Hurtado, LLC, we understand that high net worth divorces come with additional complications and nuances, and we will provide personalized representation throughout your divorce proceedings. In particular, we understand that high asset cases need close attention when it comes to preserving assets, ensuring that no assets are hidden during distribution, and considering tax consequences of certain assets.

Indeed, tax consequences can drastically alter the amount of income you actually receive each year, and it is important to have an experienced Kane County divorce attorney on your side who will advocate for you. At Serrano Hanson & Hurtado, LLC, we want to help you achieve the best possible outcome.

Contact Our Geneva, IL High Asset Divorce Attorneys

If you have questions or concerns about your high net worth divorce case, you should contact Serrano Hanson & Hurtado, LLC today to learn more about how we can assist you. Contact our attorneys at 630-844-8781. We represent clients in Kane, DuPage, Kendall, and DeKalb Counties.