In a divorce involving business, real estate, intellectual property, stock options, or complex financial assets, the attorney must have extensive business background and experience. If he or she doesn’t, your likelihood of success is limited. If the attorney has not been involved in business formation, operation, sale and financing, it is difficult for the attorney to understand the fi ne points necessary to establish the value of the business.
Therefore, the inexperienced attorney has no choice but to rely upon expensive experts, paid for by the client. This creates problems not only due to the costs involved, but because the attorney is now dependent upon the expert’s opinion. It is rare for a divorce attorney to have an extensive business and real estate background orhandson experience that allows the attorney to completely understand the complex financial issues involved.
Typically, divorce attorneys are so specialized in family law that they do not have the broad background in business necessary for high asset value divorces.
