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High-Asset Divorce Archives

4 ways a spouse may try to hide assets

When going through divorce, every asset matters. Whether the property falls into marital or separate property categories, you must still report the assets in order to ensure that division proceedings move along as necessary. However, if you and your spouse have a complex financial situation due to considerable assets, you may worry about getting your fair share when it comes time to divide those assets.

Common mistakes in high asset divorces

Divorce may be one of the least pleasant things you will ever have to go through. With so much at stake, you are probably feeling overwhelmed. Whether you are the one who requested the divorce, whether you have seen it coming for a while now, or even if you were blindsided by the divorce request, you are doubtless feeling unsettled and anxious.

Property division in divorce: What about the art?

Getting a divorce is a complicated process. In addition to filing the paperwork to initiate the divorce proceeding, the couple must go through negotiations on property division and, if children are present, navigate issues involving child support and child custody.

What happens in a high asset divorce?

It is tough enough to go through a divorce when you have few assets to divide one can only imagine what is required when there are a great many assets to be divided. Normally properties owned by either person before the marriage stay with that person. In Georgia nearly everything acquired during the marriage is community property and must be divided at divorce. But getting a divorce should not financially destroy you, by any means.

High-asset divorces can get messy

As unfortunate as it is, divorce is rarely a pleasant experience, and things rarely work out as easy as they should. In nearly every divorce case there will be battles over who deserves how much money or what kind of custody arrangement is fair to all parties. It may not surprise you to learn that the more that is at stake in a divorce, the more heated the divorce proceedings can become, as both parties want even larger pieces of the proverbial pie.

Study claims expensive wedding could mean divorce.

It is true that money isn’t everything, but almost everyone would agree that being wealthy is nice. Being able to buy nice, expensive things can certainly make life easier and more enjoyable for a lot of people, and wealthy, high-net worth individuals always tend to host the best events. One of the more popular ways to show off affluence is by having an extravagant wedding, but a recent study indicates that and expensive wedding does not necessarily mean happily ever after.

Higher assets mean higher stakes in divorce

Almost everyone in the world wants to have more money, and with good reason. A large amount of wealth can be a blessing in terms of not wanting for material possessions, but in some instances it can also be a curse. One of those instances is divorce. The fact of the matter is that in a divorce, assets will be divided, and the more you have, the more you have to lose.

Individuals can keep their premarital assets in divorce

Lack of understanding can make divorce a frightening concept. What should be an option for leaving a difficult marriage could instead become an unknown legal procedure that costs you much more than you bargained for. This fear can prevent people from taking advantage of divorce for fear that they will lose many of their assets or custody of their children. For individuals with above average wealth, this asset division could be even more concerning.

Higher-assets mean higher stakes in divorces

Divorce isn’t easy for anyone. From asset division to custody disputes, every divorce has something worth fighting for, and in some cases, the divorcing parties will fight bitterly to retain what they think is rightfully theirs. When couples with above average assets divorce, the heightened stakes of the marital asset division can often make each day in court seem more important. Due to the significantly larger amount of property, high-asset divorces are often much more complex than divorces with average assets.

High-asset divorce cases bring high-asset risks

Greed does terrible things to people. These negative side effects are rarely more prevalent than in high-asset divorce cases, in which both parties involved fight even harder and more violently for the sizable assets than they otherwise might. The more assets that are on the line in a divorce, the more desperate parties can become to ensure that they get their fair share. Unfortunately, people are only human, and greed can sometimes get the best of them.

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Marietta, GA 30060

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