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Posts tagged "High Asset Divorce"

Filing for divorce and fear of moving on

A lot of different emotional roadblocks can arise when people initiate a divorce, from stress due to custody to confusion about how marital property may be split up. For some, simply filing for a divorce in general can be overwhelming. Many people never anticipated that they would break up with their spouse, but there are various reasons why divorce becomes inevitable, from abusive behavior to infidelity. If you are afraid to move on in your life but are determined to end your marriage, it is important to prepare yourself as much as possible.

Postponing divorce until the time is right

Sometimes, people decide to file for a divorce immediately. For example, those who find out about a spouse’s affair or are subjected to physical abuse may instantly lose all interest in the marriage and want to get out as soon as possible. In other circumstances, some people may know that they want to get a divorce, but they may decide to postpone the end of their marriage. Their marital partner may be in agreement with this decision, or they may be keeping their intentions to file for a divorce private until some point in the future.

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. 

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