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The stakes of high asset divorce

The plethora of issues that can stem from a divorce often consist of dividing assets. Analyzing and distributing finances can be a crucial period, especially for high-net-worth individuals. The average divorce in Tennessee costs roughly $12,000, and that estimate excludes the necessary factoring of attorney fees and assets. In addition, a divorce of high net worth often costs more than the state average, and divorces filed for adultery or cruelty also have increased cost.


The Tennessee Bar Association confirms that determining assets are no lighthearted matter, and points out that spouses often develop a level of mistrust upon divorce, leaving one suspicious that the other is hiding assets. Unlike some states that have taken a stance on whether a confidential relationship exists between divorcing parties, thus resulting in affirmitavely disclosed assets in divorce proceedings, Tennessee courts have not made such determinations. This lack of confirmation in assets forces divorce practioners to use extra caution when handling assets. The TBA gives one solution to this potential issue by pointing toward the Marital Dissolution Agreement, in which spouses can reserve the right to divide later-discovered assets and return to court. 

Whether hidden or acknowledged, items in high asset divorces can create a number of issues. According to an article on CNN, high net worth divorces have a greater potential for mistakes on both sides. The article also offers steps one can take in the case of a tricky divorce, and warns of the drastic effects of agreeing to alimony terms too quickly. Hiding assets is more common than one might initially presume, but such a misstep can be set aside as fraudulent.   



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Mr. Thomas kept me well informed during my lengthy divorce. He always returned my calls within 24 hours, usually sooner. He gave me very good advice and listened to all of my concerns. He always told me what I needed to hear, not necessarily what I wanted to hear. I found him to be a nice, honest and hard-working lawyer.

- Carrie -

Justin and his staff are a great team! Justin represented me after the divorce was finalized and fixed what the original attorney told me was set in stone! Everything we asked for we received, from both the court and the staff. It has been almost two years and I can still contact them for anything I need and they are ALWAYS more than willing to help! I recommend Justin and his staff as much as possible. There is no way I would ever use anyone else!

- Robbie -

Justin Thomas represented me in a divorce and I was very pleased with his work ethic and representation. He was extremely professional and cared about what was in the best interest of my son and me. He kept the cost of the divorce to a minimum, which was great! I believe he provided excellent representation and honestly cared about me, the outcome of my divorce, and most importantly, my time with my son. I have recommended Mr. Thomas to several friends and will continue to do so.

- John -


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Thomas Family Law Firm, PLC
7642 Poplar Pike
Germantown, TN 38138

Phone: 901-443-4599
Phone: 901-443-4599
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