High Net Worth Divorce Arizona | High Net Worth Attorneys
High net worth divorces in Arizona do not necessarily mean your case will necessarily be a complex. In fact, you may mitigate the costs of a high net worth divorce by planning the entire divorce prior to filing for divorce. The laws and rules governing a divorce in Arizona require both spouses to disclose certain information and documentation prior to scheduling a case for trial. Many attorneys will not even begin discussing a settlement of a divorce case unless that disclosure of information and documentation has been provided.
An experienced high net worth divorce attorney in Arizona will have the experience to anticipate and understand the information opposing counsel will want to see prior to resolving the issues in you high net worth divorce. Although you may file for divorce before compiling the necessary documents, there are times when it makes sense to compile all of the necessary documentation, draft a proposed settlement agreement, and then file. That allows us to immediately disclose all of the information necessary to then attempt to settle the case.
Many of our high net worth divorce clients are high profile individuals, whether professional athletes, executives with large corporations, or are in the entertainment industry. Our goal in this approach is to minimize, as much as possible, the exposure of the intimate financial and family details out of the courtroom by attending private mediation or arbitration.
If settlement discussions break down, we are immediately prepared to inform the court all information and documentation has been disclosed and we are immediately ready to be set for trial. We also gain an advantage by having a thorough understanding of the entire case before opposing counsel has even been retained.
Alimony may not be awarded by the court in a high net worth case if the court finds the spouse seeking alimony will receive enough assets to provide for his or her reasonable needs regardless of the other spouse’s income. Understand, the spouse seeking alimony is not expected to spend the assets he or she is receiving to support themselves, but instead he or she will have a reasonable investment rate of return applied to the totality of assets being awarded to him or her. You can either use the actual rate of return being realized by the parties’ actual investments or argue for a higher or lower rate of return based upon the expert testimony of a certified financial planner if the investment portfolio appears to be either too aggressive or too conservative given the age of the spouse and the amount of assets and debts the parties have, among other factors.