What is high asset divorce?

High asset divorces, where the parties’ holdings may include complicated assets such as closely-held business interests, stock options, stock voting rights, deferred compensation, assets held in a trust, real estate partnerships, and tax benefits such as a capital loss carry-forward, can be particularly complex.

What is considered assets in a divorce?

Your list of assets should include the following: Personal bank accounts, shared accounts, retirement accounts, and credit cards. Real estate properties, any vacation homes, income properties, and land. Cars, trailers, boats, motorcycles, and other vehicles.

What should I do in case of a divorce?

1. Don’t forget to consult an attorney. A lawyer can make sure that you both review and understand anything before you sign or agree. An experienced family law attorney is often a good idea for situations where the divorcing couple has a large amount of assets, property or other complicated financial matters.

Do you pay attorney’s fees in a contested divorce?

In a contested divorce, you are likely to accumulate thousands of dollars in attorney’s fees because your lawyer must spend an enormous amount of time preparing the case and filing paperwork. You may be angry but remember the more you and your spouse argue over issues or items, the more you pay in attorney’s fees.

What should you not do in a contested divorce?

Don’t focus so much on the little things that you forget what’s important. In a contested divorce, you are likely to accumulate thousands of dollars in attorney’s fees because your lawyer must spend an enormous amount of time preparing the case and filing paperwork.

Do you have to keep your divorce a secret?

You may desperately want support, you may not want to suffer in silence, or you may just want to punish your partner and embarrass them. This doesn’t mean that you have to keep your a divorce secret from everyone, you just need to decide who you tell and why.