The more resources couples share during a marriage, the more complicated divorce might become. People preparing for high-asset divorces may need to address matters including child custody, financial support and property division. In some cases, divorce may occur due...
High Asset Divorce
When business partners become ex-spouses
Spouses can become co-owners of a business or professional practice in multiple ways. One spouse might have skills or a degree that allow them to work in a specialized field. The spouses might invest in starting a business together in the hopes of monetizing that...
Gray divorce and the possibility of financial instability
The growth of gray divorce continues with no signs of slowing down. Fifty, sixty, and even seventy something spouses are pulling their respective plugs on marriages late in life. While many of these dissolutions enjoy the spoils of longtime careers with plentiful...
Could your spouse be hiding assets?
Most divorces don’t come entirely out of the blue. If you’re approaching a breakdown of your marital relationship, the odds are high that both you and your spouse see the writing on the wall. That can be a good thing. It can allow both of you to take stock of your...
Why high-income couples have high divorce rates
The conversation about income levels and divorce often just goes one way: People assume that those with lower income levels are going to have higher divorce rates. The reason that they give for this is that earning less money creates a level of financial stress. It...
Handling retirement pensions during your divorce
You and your spouse may have worked hard for many years to have the pensions you wanted in retirement. You might have had a solid plan for retiring early or becoming wealthy enough to move to a particular location once you retired. If there have been major changes in...
Alimony: Is it a punishment?
When you think about getting divorced, do you imagine not having to talk to your spouse anymore? Do you think about having a clean separation where neither of you have to interact in the future? If you do, then the idea of having to pay alimony may be one that you...
How do you talk to your children about your decision to divorce?
Although you and your spouse may not agree about much anymore, you are both certain that the marriage doesn't work. Despite your best intentions the time you got married and how much both of you love your children, you aren't happy in your relationship anymore. You...
3 reasons why high-asset couples choose mediation for divorce
Divorce is a difficult and often painful process, but it can be harder for those with more assets. High-asset couples have so much more to fight over that their divorce proceedings can become protracted messes. Mediation has become a popular divorce solution in many...
Divorcing Couples With Large Estates Face Unique Tax Issues
When couples choose to divorce, they likely feel many conflicting emotions. Grief, shame and anger can conspire together to cloud a person’s judgement and impair their ability to process the administrative side of divorce. Many spouses seek legal counsel to help guide...