No one wants to be involved in a divorce that could threaten their financial well-being, but it does happen. If you're caught up in a high-asset divorce, the best thing you can do for yourself is make sure you're as protected as possible.
High-asset divorces can be complex and frustrating, but they don't have to be. Even if you have many assets to your name, it's possible to resolve your divorce peacefully and to move forward with the best opportunities in front of you.
High-asset divorces are common, especially among older couples. As you grow in a marriage together, you collect assets. Some of those assets may become quite valuable over time, making it important for you to seek them out if you're going through a divorce.
In a high net worth divorce, there is as much to gain as there is to lose. It is impractical to think that you will not need the assistance of an attorney during this time. Your divorce is complicated and complex, and there are many laws that apply to it.
During a high-asset divorce, there are many assets at risk. If you're a wealthy couple, then you likely know that the divorce could impact you both negatively. California equal distribution laws make it so that you are meant to divide your assets 50-50. If that's not something either of you wants to do, then it's time to negotiate.
One of the biggest mistakes high-income parents make when they get divorced is assuming that the normal child support guidelines will apply to them.
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It goes without saying that most people know when things aren't right in their marriage. Even so, you may overlook some signs that divorce is closing in on you.
The husband of the founder and owner of the online e-commerce site Tradesy filed a lawsuit on April 30 against his estranged wife. In his Los Angeles Superior Court filing, he alleges that his wife breached her verbal promise she'd made to share Tradesy's revenues with him.