Law Office of Daniel E. Forrest, P.A.

Keep these tips in mind when you negotiate for assets in divorce

If you're going through a high-asset divorce, it's important to make sure you know your assets' worth and get what you deserve out of your marriage. While most people believe that negotiations will settle any issues in the divorce, there's no guarantee that the negotiations will lead to an outcome you necessarily agree with. That's why it's so important to work with a legal professional who can inform you on the facts you need to know.

A successful, positive divorce is possible despite perceptions

Is it possible to have a successful divorce when you have a marriage with many valuable assets? The answer is a resounding, "yes." Although there are many stigmas about divorce and perhaps the perception that all divorces involve conflict, those ideas simply are not true in 2017. Divorces are less of a stigma today than in the past, and most people see them as a sad event that was bound to happen to at least one person they know.

You can fight for what you deserve during your divorce

High-net worth divorces are sometimes considered more challenging than others because there are so many assets to find and divide among the spouses. There are potential tax implications and long-term implications for each person's retirement and role in businesses or other financial situations.

Focus on negotiation and facts in your high-dollar divorce

You have always been proud of your businesses, and between you and your spouse, you've brought in millions of dollars. Together, you're worth millions, but now that you want to get a divorce, you need to know that you'll be able to get your fair share.

The law affects your divorce without a prenuptial agreement

If you get divorced without a prenuptial agreement, your estate will be at the mercy of the state's laws in most cases. Prenuptial agreements help protect your assets and to protect you from liabilities, and without one, there's less security. Prenuptial agreements are flexible, and they help couples actually come together to determine their financial goals and to help them determine their futures in marriage and in the case of a divorce.

High-asset divorces: There are many factors to consider

No divorce is fun to go through, and when there are thousands upon thousands of dollars of assets on the line, it can become incredibly difficult to negotiate. If neither side wants to compromise, a high-asset divorce quickly becomes a long, drawn-out affair. Fortunately, there are ways to get the most out of a high-asset divorce, so you can move on with your life with the assets you deserve.

These mistakes can make a divorce harder on you in the future

Divorces are hard for anyone, but when thousands, hundreds of thousands, millions or even billions of dollars in assets are at risk, your divorce is of particular importance to you. Splitting your assets isn't just about maintaining your standard of living, it's about keeping what you worked hard for.

Spouses may hide assets: Know where to look

When you're going through a divorce, one of the things you may have questions about is whether your spouse is hiding assets. Financial issues are a concern during divorce, and it's not unusual for couples to fight over them. It's also not uncommon for spouses to hide assets from one another.

What can you do to make the holidays easier during divorce?

Christmas is a time where families come together, so it probably isn't surprising that those who are getting a divorce feel torn over how to feel this Christmas season. The holidays can be more stress than they're worth for some, and others may be tired of talking about a drawn out divorce or sore new realization that divorce is happening in their lives.

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