Menu Contact
Law Offices of Lisa A. Ruggieri
Schedule A Consultation 781-489-3759

Understandably, high-value divorces bring added complexity

That above post headline for today's blog entry doesn't exactly rock your world, does it?

After all, it's just a given -- and eminently obvious, too -- that a comparatively high threshold of wealth featuring in a divorce will yield layered concerns and complexities that are simply absent in dissolutions marked by more modest asset holdings.

We flatly make the point on a page of our family law website at the Wellesley Law Offices of Lisa A. Ruggieri, P.C., noting that, "Though all divorces have the same basic elements involved, high-asset divorces with a large net worth at stake have added complexity."

Notwithstanding that truism, the point that many family law commentators focused upon divorce-related property division seek to especially stress is that the increased complexity is not just marked by accretion, but by both its breadth and depth.

There are more stones to turn over. And the technicalities relevant to them -- ranging from required court orders for asset distribution and the accurate determination of cost basis for tax purposes to the full identification of wealth-holding instruments across a wide universe of financial vehicles, the treatment of, often, multiple realty holdings and more -- are myriad and convoluted.

A recent article in the long-tenured law journal Legal Intelligencer notes all those special concerns and more, duly pointing out that a high-asset dissolution (a divorce marked by property considerations "running into the millions of dollars") sometimes seems to require "a seemingly endless number of tasks needed to distribute assets of many different classifications."

Not every family law attorney works routinely with divorce clients having such concerns. Those who successfully do understand the often unique considerations that are involved, the need to be timely and closely focused on broad-based concerns, and the requirement to sometimes bring in other tax/financial professionals in order to provide truly seamless and integrated service.

No Comments

Leave a comment
Comment Information
Email Us For A Response

Contact Our Law Firm

To make an appointment, call 781-489-3759 or send an email to schedule an initial consultation. We serve clients throughout the Boston area. Our firm can take your call 24 hours a day and meet with you during business hours, evenings and weekends. For your convenience, we accept Visa and MasterCard.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Location

27 Mica Lane, Suite 101
Wellesley, MA 02481

Phone: 781-489-3759
Phone: 781-239-8984
Fax: 781-239-8986
Wellesley Law Office Map

Law Offices of Lisa A. Ruggieri

Phone/Fax

781-489-3759 781-239-8986 - Fax