Attorneys and accountants have recently felt a push to behave in an increasingly collaborative fashion. Due to tax increases mandated by certain provisions of the American Taxpayer Relief Act, those navigating high-asset divorce proceedings are almost certainly in need of both experienced legal counsel and experienced financial counsel.
A complex divorce is one in which there are many issues to resolve and the Husband and Wife cannot resolve this issues without a good deal of outside help from attorneys and/or mediators. Complex divorces can involve high asset divorce cases, spouses with numerous real estate properties, tax issues, a privately held corporation or several closely held businesses, marital assets in several states, trust assets, commingled assets (community property vs. sole and separate property), split siblings or special needs children, assets or businesses that need valuations, and supplemental issues including vocational studies, custody battles, an unfit parent, off-shore bank accounts and the like. Complex divorces can also include bad behavior including adultery and the dissipation or waste of marital assets due to outside relationships, gambling, drug or alcohol use or uncontrollable shopping or other mental health issues.