Protect Your Rights, Your Investment In Your Marriage And Your Future

Has a battle over possession of an investment portfolio or a series of property division disputes threatened to send your Oklahoma City high-asset divorce to a courtroom? Our founder and experienced high net worth divorce lawyer, Lily Debrah Cruickshank, can help to bring order to the chaos in your life after the decision to end your marriage.

Our full-service divorce and family law office, Lily Debrah Cruickshank & Associates, PLLC, offers the benefits of our founder’s almost 15 years of experience, in and out of court, and reputation for compassion and dedication to your goals. Contact us to learn more about the lasting, practical solutions that Ms. Cruickshank can form for you – and the individualized personal attention you will receive throughout the legal process.

Dedicated To Preserving Your Assets

We can help if ownership of these significant marital assets is at stake in your Oklahoma high net worth divorce arrangement.

• Real estate – primary, second, vacation and retirement residences, plus rental property, farms and ranches, and undeveloped land
• Closely held family businesses
• Motor vehicles and boats
• Deferred income
• Retirement income, including 401(k)s
• Stocks and bonds
• Bank accounts
• Memberships and collectibles

Lily Debrah Cruickshank also works hard for favorable outcomes with child custody and visitation arrangements and spousal support. Whatever your legal goal for your high-asset divorce, you can increase your chances of accomplishing it by contacting us.

Common Challenges In High Net Worth Divorces

High net worth divorces involve a distinctive set of obstacles that extend beyond typical divorce proceedings and demand sophisticated legal and financial strategies. Key challenges that arise during these complex cases include:

• Complex asset valuation requires forensic accountants to analyze diverse investment portfolios and determine accurate market values.
• International property matters spanning multiple jurisdictions with intricate cross-border tax implications.
• Hidden asset concerns require thorough investigation through financial records and documentation.
• Executive compensation packages include stock options, restricted stock units and deferred compensation.
• Cryptocurrency and digital asset tracking with precise market value determination.

Meeting these challenges calls for coordinated work between legal, financial and tax professionals to protect your interests during asset division.

Tax Considerations

The tax implications of asset division in high net worth divorces can be substantial. Property transfers between spouses during divorce are generally tax-free, but subsequent sales may trigger significant capital gains taxes.

Retirement account divisions require qualified domestic relations orders (QDROs) to avoid early withdrawal penalties. Business ownership transfers carry complex tax consequences that need strategic planning. Recent tax law changes have also altered how alimony payments are treated – they are no longer tax-deductible for the paying spouse or considered taxable income for the receiving spouse.

Factors Judges Consider In Asset Division

When determining how to divide substantial marital estates, Oklahoma courts weigh numerous factors for equitable distribution. Their analysis covers everything from the length of the marriage to complex business valuations and future earning potential.

Judges examine the duration of the marriage and each spouse’s contribution to wealth accumulation while considering earning capacity and future financial needs. They review the source of specific assets, whether inherited or jointly acquired and evaluate the tax consequences of proposed property divisions. The liquidity of various assets plays a central role, as does business valuation.

Spousal Support In High Net Worth Cases

Spousal support calculations in high net worth cases differ markedly from typical divorces. Courts examine the marital standard of living, which often includes luxury travel, multiple residences and high-end lifestyle factors.

Support duration may be influenced by prenuptial agreements, career sacrifices made during marriage and the receiving spouse’s path to financial independence. Courts also weigh the tax implications of support payments and may structure them for optimal tax efficiency. The balance between liquid assets and tied-up investments shapes both the structure and duration of support payments.

Learn How A Lawyer Can Advocate For You

Call today – locally to 405-694-4309 or toll-free at 866-383-1814. You can also reach us by sending an email. We can meet with you in person or virtually.