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High Asset Divorce Archives

What happens when a spouse hides assets during dissolution?

It isn't uncommon to want to protect your things. This is why people put money in banks, items in safes and even take measures to ensure security at a household. It is no difference if a divorce. Spouses want to protect what they believe is his or hers; however, spouses may also be compelled to give up what isn't essentially theirs. In some cases, spouses might take steps to hide assets to avoid having them divided in the divorce process.

Ben Affleck and Jennifer Garner divorced after 3 years

Divorce is a tough time for any couple deciding to go through this process. While the end result is the same, there is no right way to divorce. Ending a marriage for one couple can take much longer to complete when compared to another. And, for those going through a high asset divorce, it may take longer. A high profile couple in Texas and elsewhere may face added challenges because they are in the public eye as well.

How is a business valued in a high asset divorce?

Marriage looks different from one couple to another. One couple might have much property and assets included in the marriage, while others have limited assets, mostly renting property. No matter what the situation is, it is always vital to look at what is included in a marriage when a couple decides to end their union. This could mean sorting through a long laundry list of items, one of which could be a family business.

How can you avoid mistakes dividing 401(k) assets in a divorce?

Texas individuals and couples take the time to plan and prepare for the future. This often means having finances in order for retirement. While these steps are often necessary, divorcing couples often find their retirement assets up at the chopping block, limiting how much they have to spend during their retirement years post-divorce. Although this could plague any divorcing couple, those going through a high-asset divorce might face added difficulties.

How can you tell if your ex is hiding assets during divorce?

With the New Year come new decisions. And for some Texas spouses, this means deciding to end their marriage. While this is not an easy choice, a difficult year or years can spark the decision to finally call it quits now that the holidays have passed. For wealthy couples, one of their biggest concerns can be divvying up their property and assets. But this process can be especially problematic if spouses are not fully aware of everything that needs to be divided.

Helping you navigate the ups and downs of a high asset divorce

In a marriage, finances play a major role when it comes to purchasing a home, a new vehicle, going on vacation and investing. When married couples in Texas and elsewhere decide to end their marriage, it is likely that finances will take center stage. In a high asset divorce, financial issues are often present, making for a very complex and dispute filled dissolution.

How can divorce impact your financial planning?

Nobody gets married with the intention of ending the marriage. However, the phrase "until death do us part" is not lived up to by nearly half of all married couples in Texas and other states across the nation, according to many estimates. Divorce is a reality that many couples have to sort through, and for wealthy couples a high asset divorce can be challenging to navigate. It is important that divorcing couples understand what decisions need to be made and how these decisions could interfere with their finances.

How to navigate a high asset divorce

Dividing one household into two during the divorce process can be challenging and sometimes contentious. Divorcing couples may have important concerns related to property division, alimony, child support and child custody issues. High asset divorces can be especially complex so it is helpful for divorcing couples to understand the process and how to best approach a divorce between a couple with high net worth.

The family law process offers help with high asset divorces

The divorce process can become more complicated if the divorcing couple has a significant number of assets to divide. Divorcing couples with significant assets that are high in value may have understandable concerns related to property division, spousal maintenance and other divorce-related issues. Aside from dividing substantial assets, the divorce process can also be understandably emotional and challenging for couples.

Tips for people who divorce later in life

Marriage is a wonderful institution if it works for both people. But a bad marriage can quickly turn toxic that saps happiness from both people until no one is left happy. You shouldn't remain married for the sake of being married, regardless of how old you are. Later in life divorce is becoming increasingly common, in fact, divorce rates for couples over 50 have doubled. This post will go over the issues you should consider if you are considering an end to a long-term marriage.

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Law Office of Michael D. Tracton, P.C.

12920 Dairy Ashford Road
Suite 140
Sugar Land, TX 77478

Phone: 281-201-1481
Fax: 281-242-2325
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