Business owners or individuals with a high income often set up multiple financial accounts to manage their income or to comply with the law. This may complicate a divorce, as all of the accounts must be assessed so that the court can determine spousal or child support, and how the assets should be divided. There is often contention also in relation to whether the money held in multiple accounts can be claimed by the other spouse.
Instruct a high net worth lawyer in relation to multiple financial accounts
Marital property is any asset or debt that a couple obtained during their marriage. The law in relation to the division of marital property can be complicated, and different states have different laws. The law in relation to multiple financial accounts is particularly complicated, and dividing the assets in both joint financial accounts as well as separate accounts can be very contentious. When a spouse has an account in their sole name, the court must decide whether the other spouse is able to claim any money that is held in that account, and this can cause a lot of problems. It is important to instruct an experienced high net worth lawyer to ensure that your interests are fully protected if you, or your former spouse, have multiple financial accounts.
Cantor Law Group in Phoenix, Arizona
The attorneys at Cantor Law Group have over 70 years of combined experience, including a per the Arizona Board of Legal Specialization, which makes us extremely well placed to help our clients achieve a positive outcome when they, or their former spouse, have multiple financial accounts. As a Member of Arizona’s Finest Lawyers®, our clients can be sure that we are completely up to date with the latest Arizona law, and have a deep knowledge of the complex divorce process. We approach all of our clients’ matters firmly, in order to achieve a fair outcome. In recognition of our outstanding work, we have been AV® Rated by Martindale-Hubbell®, and are listed in the bar Register of Pre-Eminent Lawyers®.
If you are considering, or are in the process of a divorce, and either you or your partner have multiple financial accounts, contact us today for a free consultation to discuss your specific requirements and how we can help you to move forward.