Are You Thinking of Hiring an Attorney for Your High Net-Worth Chicago Divorce? Here are 3 Reasons Why That is a Good Idea

Let’s face it: no matter who you are and where you live, divorce is never really that easy. However, it is not farfetched to say that the Chicago divorce process can become even more complex and challenging when substantial wealth is at stake. Indeed, high net-worth divorces – that is, divorces between a couple that has significant assets in the marriage – often present unique challenges that may require the expertise of an experienced attorney. Accordingly, if you are facing a high net-worth divorce and you are thinking of hiring a lawyer, you are on the right track. Here we discuss 3 reasons why it is a good idea to work with an experienced Chicago high net-worth divorce lawyer in your high net-worth divorce case.

High Net-Worth Divorces in Chicago: What are They?

Chicago high net-worth divorces often involve high value real estate properties, business interests, and financial complexities that can require careful legal maneuvering to resolve. Without proper legal representation, individuals risk financial losses, unfavorable settlements, and prolonged litigation. If you and your spouse have over one million dollars in assets in the marriage, then you may need a Chicago high net-worth divorce lawyer to help you, if the marriage goes south.

3 Reasons Why You Need a Chicago High Net-Worth Lawyer

First of all, it is important for divorcing individuals and couples in Chicago to know that under the Illinois Marriage and Dissolution of Marriage Act, marital property is divided fairly, but it is not necessarily divided equally. Dividing property in a Chicago high net-worth divorce often requires not only a skilled and experienced lawyer to help with valuation of property, but also with classifying it as marital or nonmarital, under Illinois laws. An experienced Chicago high net-worth divorce lawyer can help you protect your property in your high net-worth divorce. Secondly, a Chicago high net-worth divorce may involve issues of whether one spouse will be required to pay alimony to the other spouse. A Chicago high net-worth divorce lawyer can help you fight for what is fair in your high net-worth divorce case. Finally, high net-worth divorces may become high-profile, and divorces are part of the public record. A Chicago high net-worth divorce lawyer can help protect your privacy interests, and limit unwanted disclosures to the public.

Of course, there are a number of other reasons why your best resource in a Chicago high net-worth divorce is a Chicago high net-worth divorce lawyer, but these are just three of the key issues that routinely come up in a Chicago high net-worth divorce that often require the skill and experience of an attorney.

If you are in the Chicago area and you need legal help with your Chicago high net-worth divorce, contact the experienced Chicago high net-worth divorce lawyers at the law firm Arnoux Sharma Standeford, LLC. The experienced Chicago high net-worth divorce lawyers at Arnoux Sharma Standeford, LLC are here to help individuals and couples in Chicago with their high net-worth divorce cases. Contact Arnoux Sharma Standeford, LLC and speak to a lawyer about your case now.