High Net Worth Divorce in St. Louis
Call (314) 863-6000 for a Skilled Divorce Attorney
Marital dissolution can be difficult, so it is always wise to retain the help of a divorce attorney in St. Louis. When you are a high-earning employee or executive and have significant investments and property, you need someone to help you through this arduous process. You need a skilled professional to ensure your assets are divided appropriately and kept separate when necessary. At The Buxner Law Firm, we want to help you protect your hard-earned money and property by litigating on your side in your divorce
Most people going through a divorce are doing it for the first time. Let us help guide you through the process.
What Is at Stake in a High Net Worth Divorce
In Missouri, property division allows your soon-to-be ex-spouse to receive some—up to half—of your assets and earnings as a part of the dissolution of marriage judgment. Missouri divorce courts abide by a legal principle known as "equitable distribution." This means that spouses will divide property according to what the court believes is fair to each spouse, taking into account a number of factors.
The factors of equitable distribution include:
- Duration of the marriage
- Age and health of both spouses
- Earning capacity of each spouse
- "Contribution" to the marriage by both parties
While this does not necessarily mean that property will be split equally, the courts also want to make sure that both spouses enjoy the same standard of living they enjoyed during marriage. Divorce rulings want to ensure that no divorce bankrupts or impoverishes a spouse. Spousal support, or alimony, also helps to serve this purpose. If one spouse was the only high earner, equitable distribution may dictate that they receive a more substantial portion of assets. However, this may even out with regard to alimony payments.
How Dual Property Laws Can Affect You
Another factor to keep in mind is Missouri's "dual property" laws. According to Missouri divorce courts, married couples possess two types of property: marital and non-marital. In general, marital property is anything acquired during the marriage, and non-marital includes anything that was owned prior to marriage. However, there are significant exceptions to this rule. For example, any inheritance given to only one spouse, or gifts given to one spouse can belong to that spouse alone. Under the law, only dual property—that which is owned by both spouse—can be include in property division matters.
Why Hire an Attorney for High-Asset Divorces?
One of the most important functions of our St. Louis divorce attorneys is ensuring that the non-marital property of our clients is labeled and protected. Your net worth, while accrued during your marriage, can be better protected by a divorce lawyer with experience in complex litigation and significant assets. If you had extensive assets prior to your marriage, we can make sure your assets are protected through a divorce.
If you are not careful, you could lose significant portions of your:
- Investment returns
- Business profits and property
- Professional practices and corporations
- Real properties such as residences and rental properties
- 401(k) accounts, IRAs, pensions, and other retirement plans
In addition to the above concerns, you may be asked to pay a significant amount of child support and spousal support because of your income. If you are at risk of losing your high-value assets, you need to retain a St. Louis divorce lawyer who is AV® Rated by Martindale-Hubbell® and accomplishes things right the first time.
Retain a Lawyer with 20+ Years of Legal Experience
At The Buxner Law Firm, the attorneys understand how to assist clients of high net worth. In fact, Attorney Evan Buxner has been handling high-stakes litigation cases for decades and understands how to approach negotiations and litigation with a fierce and unrelenting demeanor.
Our team will do everything we can to fight for your right to keep your assets in a divorce. We have represented Fortune 500 companies in past cases because professionals trust our high-quality legal services.
Call today to retain a skilled divorce lawyer to handle your divorce litigation and modifications!