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.
The concept of high-asset divorce is particularly relevant for professionals who earn large salaries, such as engineers or architects. Individuals with a high net worth could find themselves suffering a serious financial blow if they do not treat their divorce seriously, and the same could be said for spouses of high net worth individuals. If you were a stay-at-home mother or father, for example, for a spouse who earned a large salary, a divorce could result in a serious change in the quality of life you experience.
It’s always important to take a divorce seriously to ensure you get what you deserve out of the divorce settlement. However, due to the high-stakes nature of high-asset divorce, it is almost imperative that you enlist the aid of legal counsel that has a keen understanding not only of divorce, but of divorce laws particular to your state. Each state has different opinions, biases or laws when it comes to how assets are divided in a divorce, so if you live in Georgia, you need an attorney who knows Georgia law.
If you are or could soon be facing a high-asset divorce, it’s never too early to start preparing your case. A strong foundation will help you prove to the courts just how much you contributed to the marriage, and thus how much you deserve from the divorce settlement. For more information on how a high-asset divorce could affect you, visit our webpage.