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.
Before you sign any kind of agreement, it’s advisable to get an attorney. When you have a significant number of assets, stocks, properties or other items to divide, having an attorney can help you keep the laws regarding each item’s transfer straight. Additionally, your attorney can help you determine what portion of assets you deserve and help you negotiate for the things you want.
Find all your assets quickly
It’s important to guarantee that you’ve found as many assets as possible before you divorce. Once you find an asset, write it down. Keep track of its value and who it belongs to. Assets either belong to you, your spouse or are marital property. Knowing which property is separate makes it easier to divide only the items that are shared between you.
Protect your privacy and avoid court
If you can’t negotiate for a settlement you agree on, you can take the case to court. Think through that decision, though. Anything you do in court is open for the public to see, and it may be in your best interests not to allow others to see the collection of assets you have.
Everyone’s case is different. Your attorney can advise you on the best way to negotiate for assets and to settle your divorce as quickly as possible.
Source: FindLaw, “3 Practical Legal Tips for High Asset Divorce,” George Khoury, Esq., accessed Oct. 20, 2017