Getting a divorce is never an easy task, and when you have many assets, it can be life changing. Trying to split assets when you have a high net worth can be tricky, especially if you own businesses or several properties. Adding in child support, spousal maintenance and other related divorce issues can make your case very complex.
Fortunately, you can work through your case with your attorney and focus on what’s most important to you. To start with, you’ll need to write down all the assets you own between yourself and your partner. Show which assets were owned before the marriage, so you can better determine which are marital assets and which are not. This will help the court if it needs to make a decision on the division of your assets.
In most cases, the best way to move forward is to negotiate with your spouse and then work toward an equitable distribution. If you have a prenuptial agreement, this is when it will come into play. If its terms have been violated, you need to speak with your attorney about how to move forward; you may be in a position to seek more out of your divorce than the original agreement guaranteed.
Whether you’re worried about splitting your businesses, want to know if your spouse is hiding funds or aren’t sure how retirement funds will be split, it’s important to speak with your attorney before you make any settlement arrangements. Our website has more information on how you can protect yourself during a high asset divorce, so you get the most out of your marriage.