Married couples often prepare themselves for the events life could bring. Whether it is saving to buy a home or deciding to expand their family, couples are often able to work together and prepare for the event. Our firm understands that it is often challenging for couples in Ohio to prepare for a divorce. While some might suspect that dissolution might be imminent due to marital problems, it could be very overwhelming and difficult to sort through the details of a divorce. This is especially true during a high asset divorce when it is crucial to pay close attention to the full financial picture while they sort through marital assets and property.
A high asset divorce often means a complex dissolution. Because a lot could be at stake, the spouses going through the process might not fully understand their rights when it comes to marital property and assets. In order to establish whether something is involved in property distribution, an analysis of their items should be carried out. This often means establishing whether something falls under the category of separate property or marital property.
In some high asset divorces, documents such as prenuptial or postnuptial agreements could be involved. These legal documents often detail who gets what in the event of a divorce. Furthermore, it could help protect a spouse’s business and their investments. Although these documents could significantly help in the property division process, it does not avoid all complex divorce issues.
It is important to obtain a full financial picture during dissolution. If there are hidden assets, it could be very difficult to uncover this detail. Obtaining assistance from a financial advisor or a legal professional could ensure they note all property and assets so they can address all divorce issues.
While it could be a lengthy, emotional and complex process, addressing all divorce legal issues through litigation, mediation or alternative methods is important. Our firm’s high net worth divorce overview could help divorcing spouses better understand their situation. Furthermore, it could help prepare them for additional issues they might encounter during the divorce process.