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high asset divorce Archives

Sleep problems as a result of divorce

The divorce process can turn someone’s life upside down in different ways, whether they face financial challenges as a result of family law issues such as child support or property division or they have high stress levels due to a dispute involving the custody of their children. In some instances, divorce can generate a considerable amount of anxiety and it may lead to other concerns, such as sleep problems. If you are having difficulty sleeping due to your divorce, it is important to keep in mind that a certain amount of stress is normal. However, there may be ways you can address this problem.

What are postnuptial agreements?

Many couples experience trouble during the course of their marriages. When this occurs, a postnuptial agreement can be a means of rectifying ongoing issues and spelling out just what would happen should a divorce occur. The Spruce explains postnuptial agreements so you can make the best decision for your marriage. 

Filing for divorce after a spouse moves overseas

There are countless reasons why marriages crumble, but some divorces are very unique. For example, a spouse may move to another country, whether they want to live in the country they grew up in or they have decided to relocate across the world for work. When someone heads abroad for a long period of time, their marriage may fall apart. Affairs, uncertainty, anger about the decision and growing apart are some of the reasons why this decision can adversely affect a marital relationship. If you are in this position, you should review your options carefully.

What happens to your family business during a divorce?

If you and your spouse are a high-asset Missouri couple headed for divorce, your family business may well constitute your largest marital asset as well as your family’s only source of income. This is why you need to carefully consider what to do with it when you divorce.

The Gray Divorce: Divorcing at 50+

According to Forbes, roughly 25 percent of divorcees are over the age of 50. Although people often find it difficult to readjust to being single at this stage in their lives, many Missouri residents do, and they’re thriving. One way that divorcees ensure a smooth adjustment is by prioritizing financial security, especially as retirement is not too far away.

How your divorce can benefit from a forensic accountant

Divorce affects Missouri families of all types, from high-profile power couples to the family down the block. However, when it comes to complex divorces, sometimes additional expertise can ensure an equitable division of property. The team at Turken & Prozenski, L.L.C. has experience handling the complex nature of dividing substantial assets and spousal maintenance agreements.

How are dogs handled in a divorce?

If you are like many people in Missouri, your dog is a valued member of your family. For some people, a dog is much like a child. You love it and do anything to ensure it is safe and happy. If you and your spouse decide to divorce, it can create a situation concerning the dog. Perhaps you both want to keep it and it becomes a point of contention during the divorce proceedings. At this point, the court will weigh in.

What causes you to lose assets in a divorce?

When you and your spouse are preparing to get a divorce in Missouri, there are many important decisions that will need to be made in regards to your future. One of the most challenging parts of divorcing your spouse is having to decide how all of the assets that you have shared throughout the course of your marriage, will be split. More often than not, you will probably have to be flexible because you will not always get everything you desire. Being aware of what mistakes can limit your chances of getting awarded your fair share of the assets is important so you can avoid them. 

What are the penalties for hiding assets in a divorce?

For divorcing couples in St. Charles, dividing assets can be challenging. This is especially true when one spouse tries to hide assets from the other in an attempt to retain marital property that should be divvied up according to the law. Not only is this practice unethical it’s also illegal and subject to serious consequences, as explained by Forbes.

Is my spouse hiding assets?

For couples going through a divorce in Missouri, disclosure of all assets is required by law. However, it’s not uncommon for spouses to hide assets from each other in an attempt to come out the process a little better off. Forbes explains how assets are commonly hidden and how you can track them down during your divorce.

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