Serving Metro Phoenix

Main Office
7537 East McDonald Drive
Scottsdale, AZ 85250

Arizona's Divorce Law Firm
Our solutions include:

  • · Prenuptial Agreements
  • · Marital Property Division
  • · High Net Worth Divorces
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High Net Worth / High Income / Complex Asset Division

A high asset marital property division can get complex when one or both spouses have a complex property portfolio. Whether the couple married and built businesses and acquired property together or one party brought in the assets, you need a quality Arizona family lawyer to help you divide the property.

Scottsdale High Net Worth Divorce Lawyer

The Daly Law Firm assists wealthy clients with all parts of the divorce process. It can be difficult to divide highly valued assets because couples may not have drawn clear distinctions when it comes to the ownership of marital property. All the property is shared and usually one party feels cheated. It is important to get a knowledgeable attorney to help you divide your marital estate. Contact Doug Daly at (480) 607-8308 for a free consultation regarding your particular marital property situation.


High Asset / High Net Worth Divorce Information Center


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Separate Property v. Community Property

Separate Property is defined as the property a spouse had before he or she got married. By Arizona law the following things are considered separate property.

  • It was acquired before marriage
  • It was acquired by inheritance
  • It was a gift
  • It consists of assets traceable to other separate property such as money received from sale of a house owned before marriage
  • The spouses agree that it is separate property.

Community property is defined as the property acquired by the couple after they got married.


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Examples of High Assets to Divide

In any divorce the couple will have accumulated property. When the courts look at a “high asset” divorce usually lots of real estate, investments and other business interests are involved. Examples of high assets are:

  • Pensions that cannot be divided until retirement
  • Vehicles / Boats / Automobiles
  • Real Estate
  • Securities Portfolios
  • Business partnerships or professional practices (Closely-held businesses / professional associations)

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Tax Implications and High Asset Divorce

There are always tax benefits and consequences with marriage and divorce. It is important to settle some tax questions in your final divorce settlement. Some of the main tax questions in high asset divorce are:

  • Should the couple file jointly or separately the year of divorce?
  • What are the tax consequences of selling assets like the family home?
  • Who will claim dependent children on their income tax returns?
  • What are the capital gains on the liquidation of long-term investments?

If you are in default on your taxes, it is necessary to seek out professional financial and legal help to make sure that you are not penalized for something that is not your fault.


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Financial Experts

Financial experts are essential when trying to figure out the worth of assets. Especially in high asset divorce, financial experts can determine the monetary value of the assets and an equitable division of the assets. The most commonly used financial experts in these high net worth divorces are:

  • Certified Public Accountant (CPA)
  • Certified Financial Planners (CFP)
  • Business valuators
  • Forensic accountants
  • Residential and Commercial Property Appraisers
  • Personal Property Appraisers

It is important to find out the exact value of the estate so that the court can make a fair and equal property division.


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Daly Law Firm, PLLC - Phoenix High Asset Divorce Lawyer

If you are going through a divorce with a large marital estate in dispute it is essential to get help from an experienced Scottsdale divorce lawyer. You need to guarantee that someone advocates for your rights in the divorce and you obtain your fair share. If you are contemplating a divorce in the Phoenix, Scottsdale, Maricopa County area, don’t hesitate to call The Daly Firm at (480) 607-8308 for a free consultation regarding your questions and concerns about your marital estate.

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