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high asset divorce Archives

Bitcoin: hiding assets the electronic way

At Turken & Porzenski, LLC, we know that some Missouri spouses attempt to hide assets when facing a divorce. This is particularly popular among high-asset spouses who use various methodologies to accomplish their purposes. The only thing new about asset hiding today is the technology available to do it. Have you heard about Bitcoin?

How do you handle offshore accounts during divorce?

Just because you live in St. Charles County does not mean that all of your assets are limited to the local area. You might have holdings throughout the state of Missouri, business interests throughout the USA and even accounts offshore. Dividing these complicated assets during a divorce would require care and discretion from everyone involved in the process: yourself, your accountants, your attorneys, your spouse and so forth.

What assets must be identified in my divorce?

If you are going through a high-asset divorce in Missouri, taking inventory of your assets should be placed high upon your must-do list. While you may not feel the need to tackle this task immediately upon filing, memory can fade in regard to everything that should be considered and oversights can result in costly mistakes down the road.

How do I deal with a difficult spouse in a high-asset divorce?

One thing that divorce is often not in high-asset couplings in the St. Charles area is amicable. More money, assets and property often mean more problems. When emotions are involved, the stakes are higher, and the situation becomes highly complex. It is not uncommon for separating couples to let their feelings about their failed relationships take center stage and use them to delay and cause problems during their divorces. 

The emotional toll of ending a marriage with a high net worth

For those with a high net worth, ending a marriage can be challenging for diverse reasons. Often, people preparing for these divorces have more at stake and they may be especially worried about the financial consequences of divorce. However, there are times when moving on becomes necessary and people should not feel trapped due to worries about finances. The divorce process can have an emotional toll on people in this position in other ways as well. For example, they may be affected from an emotional point of view and, as a result, encounter difficulties involving work. If you are getting ready to end your marriage, you should keep these factors in mind as you move ahead.

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St. Charles, MO 63301

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