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High-Asset Divorce Archives

How can I split a business during a divorce?

Divorce proceedings can be a complicated ordeal for any couple. But for couples that have built a business together, financial negotiations are especially daunting. There are so many factors to consider when trying to find an amicable way to divide a business or its assets. These factors can include the value of the business, your desire for continued involvement in the business and your ability to work and get along with your ex.

What is a QDRO and what role could one play in my divorce?

When on the precipice of divorce, you may come to learn just how complicated you and your spouse's finances really are. And one of the most complex issues to resolve is how to divide and apportion the funds contained in a retirement account. If you are facing this daunting task, you may want to acquaint yourself with what is known as a "Qualified Domestic Relations Order."

What is a QDRO and what role could one play in my divorce?

When on the precipice of divorce, you may come to learn just how complicated you and your spouse's finances really are. And one of the most complex issues to resolve is how to divide and apportion the funds contained in a retirement account. If you are facing this daunting task, you may want to acquaint yourself with what is known as a "Qualified Domestic Relations Order."

Don't allow emotions to undermine settlement negotiations

Sometimes a marriage becomes so contentious that one or both parties simply want to get the divorce out of the way as quickly as possible. But if you are at the point that you cannot have your marriage in your rear-view mirror soon enough, you should probably ease your foot off the gas. It is understandable if you want to get on with your new life, but by rushing to get things wrapped up, you may inadvertently forfeit assets or property to which you are entitled. And this is especially true if you and your soon-to-be ex-spouse are in a high-income situation.

Being proactive can help you uncover hidden assets

If you are beginning the divorce process, one of the most important things you must do is hold your soon-to-be ex accountable for revealing all of the assets they control that are eligible for division. And if these assets are valuable, getting an accurate declaration could prove difficult if your spouse is loathe to share. In fact, he or she may attempt to hide assets and keep you from getting your fair share.

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