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Mark Abzug

Know what to consider in a high-asset divorce

On Behalf of | Aug 11, 2017 | High Asset Divorce

We recently discussed what you need to know when you divide up retirement accounts in a high-asset divorce. This isn’t the only consideration that you will have in these divorces. You also need to think about assets, such as investment accounts and real estate holdings. You might even have a business that needs to be addressed in the divorce.

We understand that you might feel overwhelmed thinking about all of the things that you have to decide about your divorce. We can help you work through them in a manner that lets us address them all.

Some assets are going to take more thought to deal with than others. For example, investment accounts might not need to be looked at with only the current face value in mind. Real estate holdings might require that you think about the current state of the market and the balance due on the mortgage.

As you are dividing up the assets, make sure that you don’t bite off more than you can chew. You have to think about the income difference that you have now since you won’t be able to count on your ex’s income as household income.

We understand that there are a lot of considerations in these cases. High-asset divorces are usually pretty difficult to work through just because of the sheer number of assets and the value of some of those assets. We can help you to think about possible property division options that might help you keep your interests protected as you begin your life without having a spouse around.