Making a high-asset divorce easier

| Jan 15, 2019 | divorce, Firm News

Some Kentucky couples who are ending their marriage will go through what is known as a high-asset divorce. These can be more complex than other divorce cases because of the different types of property involved and the work it takes to calculate the value of the marital estate. There are several ways to make going through the process easier.

Staying focused on restructuring family connections in a healthy way is a good strategy. If possible, it is a good idea to maintain any social or community involvement in the same manner as before the divorce was filed.

Feelings of stress and sadness may seem overwhelming during the process, but it is important to consider the fact that marriage is a contract and think about the practical side of negotiating a property division settlement before the divorce is finalized. It is a good idea to be realistic about what a judge is likely to do if the case proceeds to trial and know when it is a good idea to settle.

Part of the process in a high asset divorce involves consulting professionals. Having an attorney as well as experts in finance and taxes is an important step. If part of the marital estate is a family business, it may be a good idea to consult a business valuation expert.

A family law attorney may be able to help individuals who are going through a high asset divorce by explaining what to expect regarding issues like child custody and spousal support, negotiating for favorable terms of a settlement agreement and preparing clients for depositions and hearings. It is common for many high asset couples to have a prenuptial agreement. An attorney may be able to help clients challenge the document or, conversely, argue that it should be enforced.