One of the most challenging things for some people who are going through a divorce is working through the property division matters. This is especially true when you are dealing with a high-asset divorce. As part of the process, a full disclosure of the financial status of both spouses is required so that the division is handled in accordance with the applicable laws.
The property division process mystifies some people. It is a complex undertaking if you have considerable assets. Even if you don't have many things to divide, you will need to think about different categories of marital property that you need to split. These might include bank accounts, retirement assets, real estate and even debts.
When you have a lot of assets to divide in divorce, it might seem like you will never get through it all. Even though it can take a while, you need to make sure that you are taking your time with the process. Trying to rush can mean that you make costly mistakes. We are here to review the offers that are on the table to help you determine what is in your best interests.
Coming to the terms of a property division agreement can be a serious challenge. When you have considerable assets, you have to think about how each proposition might impact your finances right away and into the future. One category of assets that might have a big impact on this is the retirement accounts. You can't look at this according to the balance on these now, but you have to look at their worth down the road.
You probably have friends who have gone through a divorce. This can help you considerably when you are going through your own because you know that you have someone who might be able to empathize with what you are going through. One thing to remember in these cases is that you can't compare what you are going through with what they went through.
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.
The property division process that you go through during a divorce is challenging because you have to think about the long-term and short-term impacts of various arrangements. The thing that makes this challenging is that you likely can't base value off of the statement balance from the end of the marriage. The balance and the value are two very different things.
One of the most difficult things that some divorced people have to do is to figure out what will happen to the family business. This situation can put a lot of people in jeopardy, especially if the business has other employees on the payroll. We understand the pressure that this puts on you. We are here to help you evaluate your options so you can decide what is best for you.
A high asset divorce comes with some specific challenges that we need to address. You can't go into these situations without having a plan in place because you don't want to accidentally make the wrong decisions. We can help you review the options that you have so that you can make the decisions you feel are best for your own situation.
High-asset divorces have special considerations that must be worked through if the marriage is going to legally end. These aren't always easy to figure out, but some patient investigation and thought can often help. We are here to help you to determine what options you have and what must be addressed in your case.