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Complex Property Issues in a Divorce

On Behalf of | May 10, 2021 | Firm News

No two divorces are alike, and the amount and type of assets you own can have a significant impact on how complicated your divorce is. For example, a relatively young couple that does not have much may be able to get divorced in a matter of weeks and without the help of legal counsel. On the other hand, couples with significant or complex assets may have a contentious divorce that takes years.

 

If you have complex or substantial property and are considering divorce, you need to speak with a divorce lawyer in Greensboro as soon as you can.

What is Complex Property?

Complex property typically refers to assets that are difficult to liquidate or assess the value of. Some common examples of assets that would likely fall into the category of complex property include:

  • Real estate holdings
  • Art collections
  • Jewelry
  • Bonuses
  • Inherited property that has been commingled with marital assets
  • Professional degrees
  • Family businesses

Importantly, simply having significant net worth can make a divorce complicated and acrimonious. In many cases, the more there is to fight over, the more a divorcing couple disagrees. As a result, if you are in a situation where you and your spouse have complex assets, high-net-worth, or both, and are considering divorce, you should speak to a lawyer as soon as you can. In many cases, having an attorney representing you from the beginning can help save time and money down the road.

Consult with a Greensboro Divorce Attorney Today

If you are going through a divorce or think one is around the corner, you need legal counsel immediately – especially if you have complex assets. At EJ Boswell Law Office, we are committed to helping our clients protect their rights and obtain favorable divorce outcomes. Contact us online or call 706.454.0032 to set up your consultation.