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Posts tagged "High Asset Divorce"

Divorce might be difficult for natural born planners

The divorce process is one that can impact every aspect of your life. Not only are you going to have to divide up assets, you also have to decide what is going to happen with your children. All of this can lead to significant emotional trouble, as well as financial issues. Your social life and career might also be affected.

Think about the fate of the marital home in a divorce

Your marital home is likely one of the biggest, if not the biggest, assets that you have to deal with. When you are going through a divorce, the fate of that home is one of the most important things that you will have to decide. You might not realize it now, but you actually have a few options about what can happen to the home.

Practices require special considerations during a divorce

Many challenges exist when you are trying to get a divorce. In the case of professionals who are self-employed, such as doctors who have their own practice, making a plan to deal with the practice must be made a priority. The last thing that you need is to lose your practice in the property division process.

Don't bypass the need for a prenuptial agreement

There is something very concerning about the state of many high asset marriages these days. This is the fact that many of these marriages don't have a prenuptial agreement in place. Some people might not have realized that they would need this agreement one day. What can follow is a tragedy that includes a contentious divorce settlement.

Forensic accountants are worth the cost in a high-asset divorce

Every divorce has its unique challenges -- but for high-asset couples, the first challenge may be as basic as figuring out everything that's owned and what value to attribute to each holding. That's before you get to the part where you have to try to divide things up, all the while figuring out the income and tax consequences you face with each different maneuver.

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