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High Asset Divorce Archives

What to include in your prenuptial agreement

Getting married means you are planning for one of the biggest days of your life. The planning is immense. It's so immense that you might miss something. A common item many engaged couples miss is the creation of a prenuptial agreement. Here's what you should include in such a document.

How can I protect myself if our divorce includes a business?

If you have always relied on a family business to make ends meet, the thought of having to step away from that security might make you sick. When you are going through a divorce, this is a real possibility.

Learn how you can help your credit report after divorce

Many people count on having good credit to be able to enjoy the finer things in life. When you go through a divorce, you might not realize that your credit is one of the things that might be impacted. If you are facing the prospect of a divorce or are in the midst of one, you should think about how you can try to prevent negative hits to your credit report.

Factors that could nullify your prenuptial agreement

Divorces can have major financial implications, especially if you own expensive property or large sums of money. It is always a good idea to protect yourself and sign a prenuptial agreement. Some couples believe signing a prenuptial agreement means they are preparing to break up even before getting married. But in reality it is a great way to stay safe and makes sure you do not lose your assets after divorce. Although prenuptial agreements are strong and hold up in court, there might be some circumstances in which they can be nullified.

Should you sign a prenuptial agreement?

Marriage is a sacred bond between two people who want to spend the rest of their lives together. There are some instances where a marriage does not work out, leading to months and years of complicated divorce proceedings. A prenuptial agreement is a common legal contract before marriage. It protects the property and financial rights of those involved. The agreement includes provisions for property division, alimony and other financial factors in case of divorce.

Spouses can hide assets in many ways

If you are going through a divorce, you may want the whole thing to be over as soon as possible. After all, even if it's for the best, the divorce process can be stressful and fraught with conflict. Moreover, certain aspects of a divorce have the potential to become complicated and drawn out. However, it is important to remember that once a divorce decree is signed, it can be difficult to change. This means it is best to be thorough when working out the details.

Actor Tom Welling pays big for divorce

Often, a divorce is the healthiest choice for a couple to choose if their relationship is no longer working.  But the process of divorce can become complicated if the couple has acquired a significant amount of property and assets during the marriage. In such a case, there's a chance that each party will be giving something up during the divorce. This is something that many people experience, but it is very common among celebrities since many have a high net worth.

How is marital property determined in the event of a divorce?

Divorces can quickly turn nasty when two people do not agree on certain issues. Whether it be child custody, alimony or property division, people don't always want to work together to find an arrangement that they both can be happy with; they may also have difficulty believing that it is something that can be done. In high asset divorces, property division can especially be an issue because of how much the couple's property may be worth and what one party may feel belongs to only them.

What factors affect property division in a high asset divorce?

Property division is often an issue during a divorce, but when it is a high asset divorce, a lot more may be at stake than just the house or the car. In many marriages, it is not unusual for one spouse to have a higher income than the other. This may seem like a good thing when a couple is happily married, but when it comes time to divorce, the spouse with the higher income may find that their net worth could affect how property and assets are divided.

Getting through divorce without losing your mind

If you are considering divorce, you may be afraid that you are about to be subjected to a knock-down, drag out fight over property division, asset division and custody matters. While this may not eventually come to pass, knowing what you’re up against is key in preparing. After all, when you prepare for the worst, you can expect the best; and that is not just an old adage.