A divorce is difficult under any circumstances. It can be a long, arduous and emotional process that takes a toll on the whole family. If you and your spouse have highly valuable or complex assets, you’re looking at an even more challenging legal process. The best way to handle your complex or high-asset divorce case in Denver, Colorado is with assistance from an experienced high net worth divorce attorney.
At Ciancio Ciancio Brown, P.C., our Denver high net worth divorce lawyers and professional staff bring varied experience to our family law practice. This expertise is particularly effective in handling high-asset divorce matters in Colorado, as our background in issues such as taxes and business valuation is instrumental in our ability to protect the interests of our clients.
Individuals in Denver choose us because we have a proven track record of acquiring the case results that our clients need. In all facets of law as a full-service law firm, we are proud to have a history of success. Most of our attorneys have an average of 20 years of legal experience each, while one of our founders, Attorney Gene Ciancio, has been practicing law since 1971.
Since the foundation of Ciancio Ciancio Brown, P.C., we’ve earned a positive reputation with bar associations, professional organizations and the Denver community by delivering unparalleled customer service and exceptional results. You can trust our Denver divorce lawyers to work relentlessly for you and your family to achieve your high-asset divorce goals.
High-asset divorces often require a different legal knowledge than a typical divorce or legal separation. When a couple has little to no marital property, they may not need an attorney, as they can generally agree on how to divide assets and debts (an uncontested divorce). When there is more on the line, however, a contested divorce is more likely. Oftentimes, the appointment of experts is required to value high-dollar assets, including:
Once a couple’s assets have been accurately valued, it is necessary to identify which are classified as community property and which are separate. Then, the couple must divide any shared interests, such as a jointly owned business or property. Finally, the couple should consider all tax liabilities involved in the division of high-dollar assets.
In general, a high-asset divorce is more expensive, takes longer, and has a larger impact on your future than a low-asset divorce. This is why it’s important to hire a Denver high net worth divorce lawyer to assist you with your high-asset or complex divorce case. A Denver high net worth divorce attorney from Ciancio Ciancio Brown, P.C. can guide you through each of these steps to make your divorce as simple and successful as possible.
There are two main laws used to divide property between a divorcing couple: community property and equitable distribution. Most states, including Colorado, use an equitable distribution rule. In these states, property is divided by the courts in a way that is fair to both parties, but not necessarily equal. The courts will only intervene if the couple cannot work out a resolution on their own. If your divorce case goes before a judge, he or she will analyze many factors to determine a property division arrangement that is fair or equitable, including:
Personal matters such as fault for the divorce or marital misconduct are not considered in property division matters. In a community property state, such as California or Texas, all marital property (referred to as community property) is divided equally, down the middle, regardless of what is fair for either party. In Colorado, however, you have a chance to state your case and argue for more than 50 percent of the marital property based on your situation. A high net worth divorce lawyer can help you build the most compelling property division argument possible to protect your hard-earned assets.
In a divorce trial, the judge only has jurisdiction over your community property, assets and debts. A judge cannot touch your separate property. It is important to understand this distinction if you wish to protect your high-value assets in a divorce or legal separation. By keeping your earnings and properties separate from your spouse – such as by not combining your accounts into a joint account – you have a better chance of keeping them in a divorce.
Community property, also known as marital property, is everything that you and your spouse acquire during the course of your marriage. It can include income, real estate, vehicles and other assets. It does not matter which spouse brought the income or assets into the marriage; once you’re married, you’re viewed as part of the same community – thus, everything you or your spouse earns while married is classified as community property.
Your separate property is anything that you or your spouse owned prior to marriage. It also refers to any gifts or inheritances given specifically to one spouse during the marriage. Separate property is kept by each owner, not shared between the couple, in a divorce.
If you are part of a high-asset marriage, it is natural to want to prevent your income and assets from going to your ex-spouse. This is something that a high net worth divorce lawyer can help you with, as a lawyer has all of the knowledge and experience to protect your assets. Your lawyer can give you tips and advice on how to protect your high-value assets from being split with your ex as much as possible, such as:
Never try to hide high-value assets in a divorce case. If discovered, you could face serious penalties – including criminal charges and jail time. Instead, entrust your case to a skilled and experienced high net worth divorce lawyer in Denver to protect your valuable assets and properties without risking your future. The attorneys at Ciancio Ciancio Brown, P.C. can handle even the most complex divorce case in Colorado with proven legal strategies.
Our attorneys are led by renowned family law attorney Cynthia L. Ciancio, who has handpicked our family law team to respond to the unique needs of our clients. Due to the wealth of experienced lawyers that can be found throughout our firm, we are able to handle most issues in-house; our firm’s attorneys have expertise in a variety of fields, including business law, taxation, corporate and securities law, estate planning, oil and gas, water law, and employment law.
When necessary to bolster the cases of our clients, we partner with trusted outside experts, including appraisers, business valuators and accountants.
Our Denver divorce lawyers can answer your questions and guide you down the path toward an outcome that serves your interests. To learn more about the skilled representation and value we offer, contact us to schedule a case evaluation.
Litigation is a journey. This is a journey we have taken with our clients a countless number of times. If you face the uncertainty, risk, fear, anger, or disbelief that comes with the prospect of going through a legal dispute, the law firm of Ciancio Ciancio Brown, P.C. will help you through it.