Divorce
Guide
HIGH NET WORTH
A divorce is complicated even under the best of circumstances. A high net worth divorce is especially so.
If you are facing the complexities of a high net worth divorce, a good place to start is by pinpointing the issues that will be present in your case.
Oregon law does not require equal distribution of property in a divorce, but fair according to the contributions of each spouse.
Fair, Not Equal
PROPERTY DIVISION
Contributions to the marriage include the work done by a spouse who stayed at home to raise children or be a homemaker.
Fair, Not Equal
PROPERTY DIVISION
Identifying assets and knowing what each spouse is entitled to under the law is essential for a fair settlement.
Identifying Assets
Houses / properties
1
2
3
Business valuations
Investiments
Marital assets & debts
Children's needs
4
5
5 THINGS YOUR COMPLEX DIVORCE ATTORNEY SHOULD INVESTIGATE
In a complex divorce, several types of properties my be involved, including:
Property
HOUSES & PROPERTIES
01
The marital home
HOMES & PROPERTY
Second or vacation home(s)
Property maintenance costs
Income properties
A business may present one spouse with an opportunity to hide assets. Business-related items to investigate include:
Businesses
BUSINESS VALUATIONS
02
Business shares
BUSINESS VALUATIONS
Stock options
Executive & owner compensation
Commercial property
Inventory
Client lists & intellectual property
Investments made during a marriage should be assessed for asset division. Potential investments in a complex divorce include:
Investments
INVESTMENTS
03
Stocks & bonds
INVESTMENTS
Retirement plans & 410Ks
Offshore investments
Profit sharing plans
Which assets & debts were held by each spouse before entering into the marriage and which were acquired during the marriage?
Assets & Debts
ASSETS & DEBTS
04
Checking &savings accounts
Art
Jewelry
Furniture
Vehicles
Boats
1
2
3
4
5
ASSETS INCLUDE
6
Credit cards
Personal loans
Investment losses
Business losses
Taxes
1
2
3
4
5
DEBTS INCLUDE
When children are involved in a divorce, it raises the level of complexity. Considerations surrounding children include:
Children's needs
CHILDREN
05
Parenting time
CHILDREN
College savings plans
Custody (legal & physical)
Trusts & inheritance
Child support
Private school tuition
If you are facing a divorce, contact one of our family law attorneys at Gearing, Rackner & McGrath, LLP.
Our divorce lawyers can guide you through the process, explain the law, and represent your interests.
Seek Counsel
SCHEDULE AN APPOINTMENT
Talk to an attorney
Call:
503.222.9116
or