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high asset divorce Archives

Understanding dissipation of assets in divorce

Dissipation of marital assets is something that is often rooted in nothing more complex than spite. You file for a divorce. Your spouse does not want the marriage to end. To get back at you, they begin to waste the marital assets as quickly as possible, thereby preventing you from getting your fair share of them.

What are the most common reasons cited for divorce?

On the day you said "I do," you probably didn't think you'd have to file for divorce one day. Nevertheless, if you're reading this, you're either thinking about bringing your marriage to a close or you've already initiated the process. At this point, the most important thing you can do from a mental health standpoint is to avoid blaming yourself or your spouse for the breakup.

How to introduce the topic of divorce

Introducing the topic of divorce with your spouse may be one of the most difficult things you'll ever have to do. However, the way you do this is important as it will affect how easy your divorce is going to be – both emotionally and financially. The way you start the topic may depend on your spouse's current feelings about the relationship

1 sign that divorce is near: Your focus is outside your marriage

When two spouses are truly in love with one another, they and their relationship become a primary focus in their lives. Of course, every healthy spouse needs to have his or her own interests for a healthy relationship, but healthy couples need to engage in couple-centric activities to keep their marital bonds thriving. When these activities begin to wane, and the spouses don't do things as a "couple" anymore, it could be a dangerous sign for the relationship.

Understanding financial affidavits in a divorce

One of the most stressful and overwhelming parts of going through a divorce is the process of dividing assets, especially if you are a high asset household. Part of what is overwhelming is the learning of new terminology and getting organized in regard to what you own.

How to be lucrative with assets before a divorce

Many people in the United States who are contemplating divorce fail to adequately prepare financially. This is especially true in situations when highly valued assets are held within the marriage. The more assets that a couple have between them, the more there is to lose.

How does a divorce effect children?

We often feel a sense of guilt in regard to our children when we decide to file for a divorce. Perhaps it is because a picture perfect childhood was imagined for them or perhaps it is because the parent in question is taking a stand for their own happiness and making that a priority for once.

Valuation dates and high-asset divorces

When going through a divorce, one of the most stressful aspects can often be going through the process of dividing assets, especially when there are a lot of high-value assets to divide, such as multiple homes and cars. Over the years, married couples tend to become financially intertwined, and when children are involved, one parent might earn a significant portion of the household income while the other assumes child care-related duties. This can mean that dividing assets fairly can prove to be challenging.

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