What's Different About High-Asset Divorces?

June 14, 2024

Going through a divorce is difficult regardless of the circumstances. When significant assets are involved, it can become even more complicated. Here's what you need to know if you're facing a high-asset divorce.

Getting Organized Is Key

Start this entire process by becoming organized. Make a list of all assets, account numbers, property information, debts, and anything else financially related to the marriage. Gather all documentation you can find too, such as tax returns, bank statements, retirement plan details, and others.

Preparing all this information will help you and your divorce attorney get a clear picture of the marital estate. Be prepared to provide lots of documentation to your attorney. They'll need it to determine what assets are marital property versus separate property. Getting organized upfront will help this go more smoothly.

Having a Plan Matters

Going into a high-asset divorce without a plan is risky. Your spouse likely has a plan to protect their interests, so you need one too. Talk to your divorce attorney about your goals and concerns.

Do you want to keep the house? How do you want to divide retirement accounts? An attorney can help devise a strategic plan to protect your financial interests. According to Forbes, 58% of divorced couples report arguing and excess conflict, so having an exit plan ahead of time can help minimize disagreements.

Be Ready for Tricky Negotiations

With substantial assets involved, negotiations become complex quickly. Your divorce lawyer will handle negotiations, but you still need realistic expectations. High-asset divorces often take longer to finalize and may involve creative solutions like transferring businesses or selling real estate.

Go into the process knowing there will likely be lots of back and forth before reaching a final settlement. Trust your divorce attorney to negotiate aggressively while protecting your best interests. Remain calm and let them handle the turbulent talks so you can move on with your new life after divorce.

High-asset divorces require being extra prepared, planning strategically, and expecting headaches during negotiations, but working with an experienced divorce attorney can make the process smoother. Make sure to choose a divorce attorney you trust completely to safeguard your financial future. With their help, you'll get the fair outcome you deserve. Call Gentry Law Firm LLC to schedule an appointment for a consultation today.

< Older Post

Newer Post >

Understanding Gray Divorce

November 9, 2025

Divorce can be challenging at any age, but when it occurs later in life, it can bring a unique set of emotional and financial considerations. As more couples over 50 choose to part ways, understanding the factors that make these cases distinct is essential for planning the next chapter with clarity and confidence. What Is “Gray Divorce”? The term gray divorce refers to couples who divorce after decades of marriage, often once children are grown or retirement is near. While the reasons for divorce vary — from growing apart to differences in goals, health, or finances — one thing is consistent: these cases often involve complex life circumstances that require thoughtful legal and financial guidance. Key Considerations in Gray Divorce 1. Financial Security and Retirement Assets After years of shared finances, dividing marital assets can be complicated. Retirement accounts, pensions, investment portfolios, and real estate are often central issues in a gray divorce. Ensuring each spouse’s long-term financial stability requires a careful look at income sources, tax implications, and future needs. 2. Health Insurance and Long-Term Care Older couples may face additional concerns about healthcare coverage, especially if one spouse depends on the other’s insurance. Planning for medical expenses and long-term care becomes a crucial part of settlement discussions. 3. Alimony In many gray divorces, one spouse left the workforce to raise a family or support the other’s career. Courts often consider the length of the marriage, earning potential, and financial need when determining alimony — with an emphasis on ensuring fairness and stability in later years. 4. Emotional and Family Dynamics Even when adult children are independent, divorce can have a ripple effect through the family. Adult children may experience divided loyalties, and shared traditions may shift. Counseling and open communication can help families adjust to the new dynamics with compassion. Building a Confident Future While divorce later in life can feel overwhelming, it also offers an opportunity for renewal — a chance to rediscover independence and personal goals. With the right guidance, you can make informed decisions that protect your financial health and emotional well-being. At Gentry Law Firm, our experienced family law team understands the sensitive and complex nature of gray divorce. We’re here to provide trusted solutions and supportive counsel every step of the way. Give us a call to speak about your situation today.

How to Find Proper Legal and Financial Assistance After Divorce

October 13, 2025

With the right support from divorce attorneys for women, your path to recovery and independence can be both manageable and truly empowering. Learn more!