Consider the Benefits and Drawbacks of Assets in Divorce

When you have gotten accustomed to living at a certain standard, it can be hard to come to terms with the fact that your divorce might mean that you aren't going to be able to keep up with that. People who are going through a high-asset divorce often face this exact thought. If it is left unchecked, it can lead to the person pushing too hard for assets that aren't actually going to benefit them in the future.

We know that you might be in a position where you have to make some difficult decisions. We can work with you to help you find out what options you have for the divorce. In some cases, downsizing and simplifying might be the option that helps you reduce your stress, so think carefully about every aspect of theĀ property division.

One thing that people don't realize is that having a vast asset portfolio might seem like something that would always lead to happiness, but this might not be the case. Some assets come with challenging circumstances. For example, you might not have time to devote to keeping up the rental home, and you may not enjoy the thought of having to collect rent and deal with evictions. In this case, it might be best to let your ex have the rental properties, so you can focus on something else.

As you think about assets, be realistic. Make a sheet that includes the benefits and drawbacks of each so that you can make decisions that are in your best interests. We are here to help you come up with a strategy for your negotiations.

Categories