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Wakenight & Associates, P.C.

707 N. York Street, Suite 201, Elmhurst, IL 60126

Elmhurst | 630-528-0734

Mokena | 815-458-5660   Oak Park | 708-480-9651

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Will Your High Net-Worth divorce Case Settle?

Posted on in Uncategorized

Most High Net Worth Cases should...and do settle! Most divorce litigants with money are smart enough to understand that settlement is best for the children and best for their personal state of mind. The high net worth clients at Wakenight & Associates, P.C. also understand that money is a tool and in your divorce case you use this tool...to get out of your marriage.

Our goals for our high net worth clients are clear: aim high, settle what can settle, litigate...what you decide to litigate.

For all these generalities every case is unique. Is your case an assets case, an income case or both? Are your best earning years in the future or in the past? Are your spouse's best earning years in the future or in the past? Are you emotionally prepared for the divorce or does it come as a surprise to you? How does your spouse feel about the divorce ?When both spouses are prepared to move on with their lives...many times they can reach an agreement...before a Petition for Dissolution is even filed. If one spouse, however, is surprised by the divorce or not ready, not smart, getting bad advice or is angry, scared, etc...these cases...many times...must be litigated.

Work with a Wakenight attorney ...dedicated to divorce and Family Law

If you have a high-net-worth case the attorneys at the divorce and Family Law Offices of Wakenight & Associates, P.C. can help you. We can appraise your real estate, value your business, hire a forensic accountant and challenge your spouse's low income, etc.

the important differences between present and future income, present and future taxes, income and non-income generating assets, etc. will all be factored into the analysis of your unique case and the into the settlement solution that will either work for you...or lay the foundation for any necessary litigation which may follow.

Keep your Marital and Non-Marital assets Segregated

Most high income divorce cases have some non-marital component. Non-Marital assets cannot be divided by the court! the first thing the judge must do when dividing the property in a divorce case is to award to each party their non-marital assets!

A Non-marital asset, however, when co-mingled with a marital asset...maybe come a marital asset so keep your inheritance money segregated..and call a Wakenight Office near you today.

Call today for a consultation.

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