Southern Indiana High-Asset Divorce Lawyer

High-Asset Divorce Attorney in Southern Indiana, KY

For business owners, professionals, and other high-asset individuals in southern Indiana, divorces can often come with a myriad of complex obstacles that many don’t have to deal with. If you’re going through a divorce involving a considerable amount of assets, wealth, or investments, it’s crucial that you work with a Southern Indiana high-asset divorce lawyer who can protect your interests and negotiate a fair split of valuable assets.​

Experienced Southern Indiana High-Asset Divorce Attorneys

The team at Straw-Boone Doheny Banks Mudd Catalano & McKinney, PLLC, is based in Louisville, KY, but we see clients from across Kentucky and Southern Indiana. Our goal is to provide accessible, high-quality, compassionate legal counsel for individuals navigating complex family law matters, including high-asset divorces. Our team shares decades of legal experience and knowledge, allowing us to protect your interests and prioritize your long-term goals.

​What Is Considered a High-Asset Divorce in Indiana?​

“High-asset” divorce is a broad term used to describe divorce cases in Indiana that involve significant amounts of valuable assets, businesses, or investments. There isn’t an exact cutoff for this label, but if you have valuable assets you’re concerned about retaining, you may be in a high-asset divorce. These situations require more protection, careful consideration, and thorough legal strategies to make sure they are divided fairly.​

Common Assets Involved in High-Asset Divorces​

There are a variety of investments and assets that can cause a divorce to qualify as high-asset in Indiana. A very common asset that increases the value of a divorce is a business, whether it’s owned by both spouses or independently. This is no surprise, seeing as over12% of Hoosiers are business owners. Because a business cannot simply be cut in half, determining how to split ownership, assets, and profits can be complex.​

Other valuable assets that may be involved in a high-asset divorce case include:

• Valuable real estate holdings
• Investment portfolios, including stocks and bonds
• Retirement accounts
• Trust funds, whether individual or shared
• Luxury items such as cars, watches, paintings, or other valuables

If you’re going through a high-asset divorce, it’s critical that you hire a high-asset divorce lawyer who can protect your interests and help you secure a fair resolution.​

How Is Property Divided in a High-Asset Divorce in Indiana?​

Because Indiana follows equitable distribution laws in a divorce, property in these cases will be divided fairly. However, this does not always mean the division will be equal. To make sure marital assets are split fairly, courts consider a variety of factors, such as the income of each spouse, their earning capacities, and more, to determine how to fairly split assets. Because a business cannot be split in half, the court will have to find a fair way of dividing its value.

​However, separate property, prenup agreements, and other marital documents can impact how marital property is divided in a high-asset divorce. For example, any separate property cannot be divided. This can include inheritances received by one spouse, gifts, and businesses they owned and created before a marriage. Identifying and proving separate property in a high-asset divorce case can be difficult, which is why having a lawyer who can protect your interests is key.  ​

Why You Should Hire a High-Asset Divorce Lawyer in Southern Indiana​

While Indiana’s median household income is only$71,957, many couples enter high-asset divorces when they have valuable investments, businesses, and other important assets. A skilled lawyer from Straw-Boone Doheny Banks Mudd Catalano & McKinney, PLLC, can help you navigate the high-asset divorce process while protecting your interests and finding fair resolutions. We understand how important it is to protect what you’ve earned.​

FAQs About High Asset Divorce Law

​What Assets Cannot Be Touched in a High-Asset Divorce in Indiana?

All property that is considered marital property, including debt, may be divided in an Indiana divorce. However, separate property cannot be touched. Separate property in an Indiana divorce can include any assets one spouse owned before their marriage, inheritances they received before or during the marriage, or gifts they received before or during the marriage. Businesses may also be considered separate property, unless they have become commingled.​

How Is the Family Home Split in an Indiana High-Asset Divorce?​

In many Indiana divorces, the family home is one of the most valuable assets involved. Even if the home is in one spouse’s name, the other spouse may still be entitled to their fair share of it. This is because Indiana tries to enforce equitable splits, and splitting the value of the house may be considered the fairest solution. To do so, the house may have to be sold, and the profits may be split, or the court may ask one spouse to buy out the other’s share.​

What Should You Avoid Doing in a High-Asset Divorce in Indiana?

In a high-asset divorce, it’s important that you stay calm and comply with court requests. You should avoid talking poorly about your spouse, having outbursts during negotiations, or using foul language. You should also avoid transferring or spending large amounts of money, as they may be viewed poorly by the court.

​How Long Do You Have to Be Married in Indiana to Split Assets?​

There is no minimum amount of time that a couple must be married in Indiana in order to split assets when they divorce. Because Indiana follows equitable distribution laws, all marital assets will be split fairly regardless of how long the marriage lasted. This simply means shorter marriages may have fewer assets to divide than marriages that lasted for decades.​

Connect With Trusted High-Asset Divorce Attorneys Today

​With valuable assets on the line, trying to navigate a divorce on your own can lead to small mistakes with high costs. Whether you’re contemplating filing for a high-asset divorce or have just been served by your spouse,contact the team at Straw-Boone Doheny Banks Mudd Catalano & McKinney, PLLC, today. The sooner you get in touch with us, the sooner we can support you and help create a plan for your divorce.