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High Asset Divorce Archives

What tax changes matter to a high-asset divorce?

A few things are always important when you are negotiating a divorce, especially when a lot of value in assets and possessions are at stake. One of the most vital is full disclosure to attorneys and the court because mediations and other resolutions rely on complete trust.

Do not let anger influence your decisions during divorce

You're getting divorced and you blame your spouse for the breakdown of the marriage. You're angry. You decide to take it out on them in court. You are fairly wealthy, after all, so you figure you have the resources to make life miserable for your ex.

Putting assets in a trust may protect them during divorce

Are you about to get married and looking for ways to protect your personal assets? Perhaps your significant other does not want to sign a prenuptial agreement, but you worry about commingling your assets and then losing a portion of them in a divorce. What can you do?

The trouble with splitting up art during divorce

Trying to divide some assets during divorce is fairly easy, because finding out the value of those assets is simple. For instance, perhaps you bought a car for $50,000 and now it is worth $30,000. You can find plenty of comparable vehicles online in seconds to determine the value of the car.

Will my spouse take everything in our divorce?

Years upon years of television shows and movies that use disastrous divorce as a plot point make it seem as though somehow, in the middle of the night, the spouse you divorce will figure out a way to deny you a fair share of your marital property and take everything. While this makes for great storytelling in capable hands, in practice this is very unlikely, although certainly possible. If you have concerns about how you should approach an impending divorce, now is exactly the time to build your divorce strategy and ensure that you do not receive a grossly unfair settlement.

Protecting your child during a complicated divorce

When parents with significant means choose to divorce, this holds the potential to cause great strain on the children in the marriage. Often, this is because high-asset divorces are rarely simple, meaning that the matter may drag out much longer than it might between two parents with fewer issues to resolve in the divorce process. Depending on the nature of the divorce, parents may not realize that they are focusing on dividing up their considerable assets in a favorable way rather than what is truly best for their children.