Pascagoula High Asset Divorce Lawyer

Pascagoula High Asset Divorce Attorney

The stakes can be high for high-net couples facing divorce. It takes experienced legal counsel to help you navigate evaluating, dividing, and protecting your assets. That’s where the Pascagoula high-asset divorce lawyers of Taylor & Cox Law Firm can help. Our goal is to protect your financial future with precision and experience.

What Qualifies as a High-Asset Divorce?

There is no strict threshold that qualifies for a high-asset divorce case, but it generally applies to any divorce case dealing with a significant amount of marital assets. These cases are defined not just by the value of the assets but also by their complexity, such as a divorce involving a closely held business, family trust, or multiple real estate investments. This could include a couple with a closely held business, a family trust, or multiple real estate investments.

Statistically, high-earning couples are less likely to get a divorce, but issues still arise. Overall, the state has a divorce rate of three per 1,000 individuals. This makes it one of the highest divorce rates in the nation.

At Taylor & Cox Law Firm, we represent clients going through high-net-worth divorces. If you’re unsure whether your case qualifies or need help deciding whether to hire a high asset divorce lawyer, we can assess your situation when you have your initial consultation.

High Asset Divorce Laws in Mississippi

Mississippi follows the rule of equitable distribution, which means marital assets must be divided fairly but not necessarily equally. Determining what is fair requires an in-depth analysis of both spouses’ financial situations, the nature of the assets, and each party’s contributions during the marriage.

Some of the key aspects of a high-asset divorce in Mississippi include:

• Classification of assets. Assets are either marital or separate. Only marital property is subject to division during a divorce.
• Valuation of assets. In high asset divorce cases, accurate valuation is critical. We work with financial professionals, business valuation professionals, and forensic accountants to determine the fair market value of:
  • Real estate holdings
  • Businesses and partnerships
  • Collectibles, art, and antiques
  • Trusts, royalties, and intellectual property
  • Investment and retirement portfolios
• Spousal support. In high-net-worth divorces, spousal support may be awarded based on one party’s need and the other’s ability to pay. Mississippi courts consider the length of marriage, the standard of living during the marriage, and each party’s income or earning potential. Contributions to the marriage and each spouse’s age, health, and education are also taken into consideration.
• Tax implications. Asset division and spousal support in high-asset divorce cases can come with significant tax consequences. This can happen when transferring retirement assets and capital gains tax for business owners.

Hidden Assets and Financial Discovery

In high-asset divorce cases, it’s not unusual for one party to try to hide assets, underreport income, or transfer funds to third parties.

The skilled high-asset divorce lawyers of Taylor & Cox Law Firm work to uncover these tactics through avenues like:

• Forensic accounting and tracing of hidden accounts
• Subpoenas to banks, accountants, and business partners
• Identifying unusual transactions or any offshore accounts
• Reviewing previous tax returns and financial statements

If you think your spouse may be hiding assets, we can pursue many paths that ensure a fair division of all assets.

Business Owners and High Asset Divorce

For business owners, a divorce can have lasting consequences. It not only impacts your personal finances but can also change your company’s future. When working through a high-asset divorce case, we look at whether your business is marital property. We have the business evaluated by certified business professionals and divide the business interests.

Our goal is to prevent business disruption, if possible. We can also negotiate buyouts or offset assets. Our Pascagoula divorce attorneys can help protect your ownership interests and preserve the overall value of the business during and after divorce.

Why Choose Taylor & Cox Law Firm for Your High-Asset Divorce?

Having the right advocate on your side during a high-asset divorce is critical for your future success and peace of mind. Taylor & Cox Law Firm holds years of experience handling complex, high-net worth divorce cases in Pascagoula and across Mississippi.

Our team is experienced in providing aggressive courtroom litigation and private negotiations. No two high-asset divorces are alike, and we pride ourselves on tailoring each strategy to your individual goals. We understand the sensitive nature of divorce cases and prioritize your privacy.

FAQs

How Much Does a Divorce Lawyer Cost in Mississippi?

The cost of a divorce lawyer in Mississippi varies, depending on the attorney’s experience and the complexity of the case. A simple, uncontested divorce costs less, while a contested divorce, especially those involving custody issues and property division, can cost much more. Additional costs may include court filing fees and expert witnesses, if necessary.

How Are Assets Divided in a Divorce in Mississippi?

Mississippi follows the principle of equitable distribution when dividing marital property. This means that assets acquired during the marriage are divided fairly, but not necessarily equally. The court considers factors such as the length of marriage, each spouse’s financial contributions, and future needs. If spouses can’t agree on how to divide assets, the court steps in to make the final decision.

Are Expensive Divorce Attorneys Worth It?

Hiring a divorce attorney can be worth the cost in high-stakes cases involving business interests, contested child custody, and complex assets. A more experienced attorney may offer strategic insight, courtroom confidence, and negotiation skills that a less experienced lawyer may not have. The right attorney for you is one who understands your goals, communicates clearly, and has a strong track record for cases similar to yours.

Can a Lawyer Find Out How Much Money I Have in a Divorce?

Yes, during a divorce, both parties are required to fully disclose their financial assets and income. Your spouse’s lawyer can access this information through a process known as discovery. This can include interrogation, subpoenas, and requests for financial documents, including tax returns, bank statements, and pay stubs. Hiding assets may result in penalties.

Hire a High-Asset Divorce Lawyer

The sooner you consult an experienced attorney in the divorce process, the greater chance you have of protecting your rights and assets. Trust a law firm that has the experience, skill, and discretion necessary to handle your case. We’re ready to stand by your side and help you move forward with confidence.

Contact Taylor & Cox Law Firm today to schedule your initial consultation.