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Posts tagged "High Asset Divorce"

Detach from emotions during property division

High asset divorces are often challenging because of the value and number of assets that have to go through the property division process. There is a chance that it is going to take multiple sessions to get things in order for the divorce to reach the final stage. When you are going through this, there is one major thing that you need to avoid – allowing your emotions to govern your choices.

High-asset divorces are a bit easier with a prenuptial agreement

People who have considerable assets when they are getting married need to have a prenuptial agreement. This helps to ensure that they are protected if the marriage doesn't last. The agreement outlines the terms of how things will be divided in a divorce, so each party must understand the terms before they sign. With very few exceptions, prenuptial agreements are enforced by the court.

Valuation in divorce can become a complex undertaking

Asset valuation is one of the biggest things to consider when you are negotiating the property division during a divorce. It is imperative that you understand some basic information about what happens during the process so that you can make decisions that are in your best interests.

Retirement accounts and divorce: Know the options

When you are going through a divorce, you might have retirement investments or pension plans that demand attention. Dividing these can be a complex undertaking, so you must ensure that you know exactly what you need to do, so you can receive your portion of these assets.

High-asset divorces might take some extra work

A high-asset divorce is one that is associated with considerable assets. Dividing these can be complicated, but it has to happen if you are going to have the divorce finalized. There are many things that you need to do to ensure that everything is taken care of.

Could your summer vacation lead to divorce?

There is a season for everything, it's claimed, and that also applies to divorce. Sociologists at a university in another state studied seasonal patterns in divorce petition filings and discovered that there were upticks in the spring and also late summer, with many petitioners choosing to follow a divorce on the heels of a shared family vacation.

Think carefully about high-end assets in your divorce

In a high-asset divorce, there are some items that will have to be divided that might not be so easy to handle. Things like artwork collections and high-end furniture can be challenging because you might be willing to split things up but you may not know what to do to obtain a fair division. One of the options that you have is to sell those types of assets and split the money.

Try to obtain a balanced property division settlement

Dividing assets in divorce can lead to serious disagreements. While this might be a contentious area, remembering that you have to get this settled so you can legally end your marriage might help you to compromise. Just remember that you don't want to agree to a settlement that puts you in a bad position.

Working through a high-asset divorce can be challenging

Going through a high-asset divorce can be a challenging situation because of the property division aspects of the case. You might find that you are having trouble dealing with the constant state of chance and the pressure to make decisions that come with this situation. This is understandable, but you can't let it control the rest of your life.

Are you planning on filing for divorce in 2019?

Some people will decide that the start of 2019 is the best time to file for divorce, After all, it's a new year and a good time for a fresh start. If you decide to do this, make sure that you plan for it now. This is especially important if you and your soon-to-be ex have vast assets.