High-asset divorces come with many headaches and complications that can’t be avoided — but you may be able to simplify the process to some degree.
While you and your spouse may not agree on much right now, you may both be united around the idea that you want to save time, frustration and money as you go through your divorce. Here are some suggestions about how to make that happen.
Try these time-tested techniques
In the following section, we will discuss some techniques that might help reduce complications in your case. Remember, all divorces, even those involving wealth or substantial assets, are different. However, just knowing that you are not at the mercy of a court may diminish any anxiety you may feel. Here are three smart steps you need to take:
- Get legal counsel. Most, if not all, high-asset divorces require experienced legal representation to protect your interests, rights and your divorce settlement.
- Know the law. It is also vital to learn about the state’s divorce and property laws. For example, Kentucky is an equitable distribution state, which means courts seek to divide property equitably but not necessarily equally.
- Prepare for the process. Leaving your property division matters to chance or a court is unwise in nearly all cases. Learn as much you can about finding hidden assets and getting an accurate asset valuation to strengthen your side. Your divorce lawyer is an excellent resource to help you prepare.
We encourage you to increase your knowledge by visiting our high-asset divorce web pages. You can also learn more in our legal blog. Ultimately, however, it’s usually wisest to discuss the specifics of your case with an attorney as soon as possible.