Why Are High Asset Divorces So Difficult?

 Posted on March 31, 2025 in Divorce

Many couples dread the prospect of divorce, especially high asset divorces. But what makes high net worth divorces supposedly so much worse than "normal" divorces? In truth, high asset divorces are somewhat of a murky category, and any divorce can get complicated even if the couple is not particularly rich. However, a divorce with significant assets may have extra considerations that can slow down negotiations.

At Elkouri Heath, PLC, our Michigan divorce attorneys are equipped to handle all kinds of divorces, regardless of income bracket. With the resources and knowledge at our disposal, we can help you negotiate for a favorable settlement or verdict.

Discovery

During your divorce, you and your spouse will have to take inventory of all of your assets. This process of tallying up your marital assets is known as discovery, and it can be quite intense in a high asset divorce. There are multiple methods an attorney can employ in discovery, such as:

• Interrogatories: Written questions asked by one party to the other

• Requests for Production: A request for specific documents relevant to the divorce

• Depositions: Oral testimony given by a witness

The point of discovery is to clear up any unknowns about your marital estate. At Elkouri Heath, PLC, we can carry out a strategic discovery to help identify crucial assets.

Complex Assets

During a divorce, a judge will hold to the principle of equitable distribution when dividing up property. This means that your marital estate will be split up in a way that is fair to both you and your spouse. Splitting up tangible property like the marital home, a vehicle, or bank accounts can be a straightforward process. 

However, other assets may be more difficult to distribute. Retirement accounts, investments, and shared businesses cannot be easily quantified. At Elkouri Heath, PLC, we can help you get an estimate for the fair value of your business. We can also assist with the division of retirement accounts by getting a Qualified Domestic Relations Order to avoid tax penalties.

Fears of Dissipation

Intentionally destroying, hiding, or wasting assets is referred to as dissipation. In a high asset divorce, this could cost you thousands upon thousands of dollars. If you can prove that your spouse intentionally wasted assets, the court could compensate you with a greater share of marital property or wealth. 

There is a high burden of proof associated with dissipation claims. Our divorce lawyers will take the time to investigate your case, looking for any evidence of wrongdoing by your spouse. 

Meet With an Oakland County, MI Family Law Attorney Today

If you are worried about a pending high asset divorce, do not assume that you have to figure it out on your own. At Elkouri Heath, PLC, our Novi, MI divorce lawyers are here to serve your best interests, working to uncover all of your assets. We will advocate for a favorable resolution on your behalf, and if necessary, we are prepared to litigate a high asset divorce in court.

Our firm is here to listen to your concerns. Call us at 248-344-9700 for a free consultation today.