EASTON, MA – Dec 18, 2023 – Farias Family Law, P.C, a distinguished name in Divorce and Family Law, has released a comprehensive article titled “What do I need to consider in my high-net-worth divorce?”. This enlightening piece addresses the unique challenges and considerations that couples with substantial assets and financial resources encounter during high-net-worth divorces. Farias Family Law, P.C aims to empower individuals facing such complex situations with essential information.

High-net-worth divorces present a distinct set of challenges, and the article provides a thorough examination of key issues that individuals should pay special attention to. The following highlights key areas covered in the article:

Alimony Considerations: The article navigates the complexities of alimony in Massachusetts, emphasizing that the amount could be substantial for high-net-worth couples. Factors such as the length of the marriage, income disparity, and various other elements play a crucial role in determining alimony awards.

Child Support Guidelines: Massachusetts guidelines for calculating child support are outlined, with a focus on how judges may direct a portion of a couple’s income to supplement standard child support guidelines. Additionally, the article notes a recent change in the assessment of alimony in child support cases as of November 2023.

Cavanaugh Formula: A landmark 2022 decision, Cavanagh v. Cavanagh, is discussed, introducing a novel approach for calculating child support and alimony. The decision provides clear guidelines on the inclusion and exclusion of specific types of income in these calculations.

Business Valuation: The article delves into the intricacies of valuing businesses during divorce, including the evaluation of tangible and intangible assets. Various approaches, such as the market, income, and asset approaches, are explained.

Real Estate Disputes: Common issues related to real estate, particularly the family home, are addressed. The article emphasizes the importance of objective third-party appraisals to determine the property’s value.

Investment and Retirement Accounts: Unique considerations for the treatment of investment and retirement accounts are explored, including the tax implications of transfers during divorce.

Incentive Compensation: The Baccanti formula is discussed in the context of navigating the division of stock options in divorce, especially unvested ones.

Contributions for Legal Fees: The article highlights provisions that may require the transferring of funds for legal fees, aiming to ensure both parties have adequate representation.

Farias Family Law, P.C recognizes the complexities and emotional toll associated with high-net-worth divorces and encourages individuals to seek professional guidance. The article serves as a valuable resource for those navigating the challenges of asset division and financial intricacies during divorce.

For more information and to read the full article, visit https://www.billfariaslaw.com.

About Farias Family Law, P.C:

Farias Family Law, P.C, led by Attorney Bill Farias, is redefining the practice of Divorce and Family Law. They provide client-centered and creative family law solutions and are committed to excellence and deliver the highest quality service and representation. They promise to be transparent with clients and treat them as valuable team members so they can accurately assess their circumstances and make the best decisions for themselves and their families. They strive to help clients emerge from their family law experience stronger and more resilient than they were before. Specializing in divorce, alimony, property division, child support, child custody and visitation, modifications, and contempts, Farias Family Law, P.C operates in Norfolk, Plymouth, and Bristol counties in MA, with offices in Easton, Fall River, and Norwood.