Divorce and separation agreements, even in high-net-worth cases, aren’t always set in stone. Life circumstances change, new information comes to light, and sometimes, agreements simply aren’t followed. When dealing with substantial assets and complex financial arrangements, the stakes are even higher. Whether you need to modify aspects of your high-net-worth agreement due to a change in circumstance or enforce its terms because your spouse is neglecting their obligations, Family Law Solutions, P.C. can provide the specialized legal guidance and representation you need.

Modifications

Life throws curveballs, and these curveballs can significantly impact financial arrangements. Job loss, significant changes in income (especially concerning executive compensation or business revenue), evolving needs of children (particularly regarding education or special needs), and other unforeseen events can make the original terms of your complex divorce agreement no longer workable or fair. We can help you pursue modifications to your agreement related to:

• Child Support and Custody Arrangements: In high-net-worth cases, child support calculations can be particularly complex, involving considerations like private schooling, extracurricular activities, and future educational expenses. Changes in circumstances may necessitate adjustments to these arrangements.
• Spousal Support and Maintenance: Modifications to spousal support in high-net-worth divorces often involve intricate analyses of lifestyle maintenance, future earning potential, and the impact of fluctuating income or business valuations.
• Executive Compensation and Benefits: Changes in executive compensation packages, stock option valuations, or deferred compensation plans can necessitate modifications to the original agreement.
• Trusts and Complex Financial Instruments: Modifications may be required to address changes in the management or value of trusts, offshore accounts, or other complex financial instruments if they affect income.
• Other Relevant Provisions: Any aspect of your high-net-worth divorce agreement, including provisions related to art collections, intellectual property, or other unique assets, can be subject to modification under appropriate circumstances such as fraud, undisclosed assets or if the item affects income.

We’ll thoroughly assess your unique financial situation, determine if a modification is possible under Illinois law, and guide you through the complex legal process, advocating for a revised agreement that reflects your current reality and protects your substantial assets.

Enforcement

Unfortunately, even legally binding divorce agreements aren’t always honored. If your spouse is failing to meet their complex financial obligations or comply with other court-ordered terms, we can help you enforce the agreement. Our services include:

• Pursuing Unpaid Support: We can take legal action to recover unpaid child support, spousal support, maintenance, alimony, including navigating the complexities of enforcing orders across state lines or internationally.
• Collecting Outstanding Debts: We can help you collect outstanding payments due related to business valuations, property division, or other financial obligations outlined in the agreement.
• Enforcing Property Division Orders: We can pursue legal action to ensure the proper transfer of assets, including navigating the complexities of valuing and transferring complex holdings like real estate, business interests, and investment portfolios.
• Addressing Breaches related to Complex Assets: We can address breaches of the agreement concerning trusts, offshore accounts, intellectual property, or other unique assets involved in high-net-worth divorces.
• Addressing other Breaches of the Agreement: Any failure to comply with the terms of the high-net-worth divorce agreement, whether financial or related to other stipulations, can be addressed through enforcement proceedings, including contempt of court actions.

We’ll take the necessary legal action, leveraging our experience in high-net-worth financial matters, to ensure your agreement is enforced, protecting your substantial financial rights and the well-being of your family.

Modification and Enforcement in High-Net-Worth Cases

Often, high-net-worth cases involve both the need for modifications due to changing circumstances and the enforcement of existing terms. Family Law Solutions, P.C. can handle both aspects of your case, providing a comprehensive and sophisticated approach to protecting your financial interests. We’ll work diligently to achieve a resolution that is both fair and enforceable, providing stability for your future.

Protect Your Divorce Agreement. Contact Us Today.

When you need to modify or enforce a divorce agreement, contact Family Law Solutions, P.C. We’ll analyze your unique and complex financial situation, advise you on your legal options, and provide the strong representation you need. Contact us today for a confidential consultation at (312) 332-1344 or CLICK HERE.