Louisville High-Asset Divorce Lawyer

Suffering the breakdown of a marriage is one of the most difficult things a person can experience in their lifetime. However, for some couples, divorce is the only option, and you are not alone. Whether you and your spouse own a particularly large amount of assets in LaGrange or run a successful business in NuLu, you need to hire a Louisville high-asset divorce lawyer who can protect your share of the property and ensure your rights are protected.

Work With the Team at Straw-Boone Doheny Banks Mudd Catalano & McKinney, PLLC

For over three decades, the team at Straw-Boone Doheny Banks Mudd Catalano & McKinney, PLLC, has been helping countless individuals through the difficult process of divorce. We offer our services to clients across Kentucky and Southern Indiana and are now ready to turn our time and attention to you. We have extensive experience handling these cases in Jefferson County and across the state and can put that experience to use for you.

Our team is made up of attorneys and support staff with years of training, experience, and a powerful combination of compassion and integrity. Members of our firm have received countless awards and accolades for their client advocacy, including being named Kentucky Super Lawyers Rising Stars, selected to Kentucky Super Lawyers, listed in The Best Lawyers in America, Family Law, and receiving the “Raising the Bar” Award from the Kentucky AAML.

Understanding a High-Asset Divorce in Louisville

Kentucky sees a yearly divorce rate of 2.9 cases for every 1,000 residents. Historically, Kentucky reported a divorce rate that was higher than the national average; however, recently, the Wall Street Journal noted from 2016 to 2023, our state’s rate of divorce plunged by about twenty-five percent.

These cases can be considered high-asset divorces if the couple has a significant amount of assets or property. In Louisville, these high-worth assets typically include:

• Business Ownership
• Highly valued investment accounts
• Professional practices owned or licenses held, such as a legal or medical practice
• Rare collector’s items such as art, wine, cars, or jewelry
• Retirement accounts, including annuities or pensions
• Any owned trademarks, copyrights, or patents
• Real estate, such as vacation homes, timeshare properties, rental properties, or commercial properties
• Large bank accounts
• Deferred compensation, stock options, performance units/RSUs

These days, many divorce cases involve at least one spouse who either holds a valuable business interest, has multiple real-estate holdings, or has a significant investment portfolio. According to one study, in 2023, 77% of married couples who held any kind of financial institution account, such as a checking, savings, certificate of deposit, or money market account, held at least one of these accounts jointly with their spouse.

In Kentucky, generally, assets acquired during the marriage will be subject to property division under Kentucky’s law of equitable distribution. While this division is not always a perfect, 50/50 split, the courts will work for the division to be as equal and fair as possible. When high-value assets come into play, you need an attorney who understands the special considerations that may affect these assets.

Unique Considerations Involved in a High-Asset Divorce Case

No two divorce cases are the same, especially those involving a significant number of assets. However, there are some common considerations that need to be reviewed when litigating a high-asset divorce case in Louisville. These considerations include:

• Privacy or confidentiality concerns. Couples who own a number of highly valued assets are typically more hesitant to disclose their financial portfolio to a public courtroom. An experienced attorney from Straw-Boone Doheny Banks Mudd Catalano & McKinney, PLLC, can help make sure all financial records of you or your spouse are kept confidential to ensure privacy during your case.
• The need for outside help. For certain assets, you may need to bring in outside help when trying to assign monetary value to items. This can be especially true if you and your spouse own certain unique collection items, cryptocurrency, or a business together. Certain outside parties who are typically brought in to help with this step can include forensic accountants, tax specialists, and appraisers.
• Complicated property valuations. While in most divorce cases, assets are more easily assigned monetary values, such as in the case of bank accounts and family homes, other situations may be more challenging, as the assets involved hold somewhat subjective values. These circumstances can include rare item collections, such as car collections or artwork, that may hold varying values depending on who appraises them.
• Complicated property valuations. While in most divorce cases, assets are more easily assigned monetary values, such as in the case of bank accounts and family homes, other situations may be more challenging, as the assets involved hold somewhat subjective values. These circumstances can include rare item collections, such as car collections or artwork, that may hold varying values depending on who appraises them.

Complicated property valuations. While in most divorce cases, assets are more easily assigned monetary values, such as in the case of bank accounts and family homes, other situations may be more challenging, as the assets involved hold somewhat subjective values. These circumstances can include rare item collections, such as car collections or artwork, that may hold varying values depending on who appraises them.

The last thing you need or deserve is to be blindsided by something after your divorce is finalized, like your personal information being leaked or unexpected tax complications coming your way. The attorneys at our law office are here to ensure that not only are your assets protected, but so is the stability of your future.

Hire a High-Asset Divorce Lawyer Today

At Straw-Boone Doheny Banks Mudd Catalano & McKinney, PLLC, we understand that no divorce is simple or easy, no matter how amicable you and your spouse try to remain during the process. High-asset divorces do not just come with large amounts of wealth; they are also accompanied by tax concerns, privacy concerns, and a whole litany of nuanced issues.

Contact our family law offices today to schedule your initial consultation and hire a high-asset divorce lawyer. We are here to help you with the divorce process.