Going through a divorce when you have a considerable amount of assets can be a complicated process. You and your spouse may have assets that are invested, saved or put aside that you’ll have to access and disclosure during the divorce. You might have assets your spouse doesn’t know about or vice-versa. These need to be fully disclosed.
From a practical standpoint, there are a few things that you should do when you’re going through a high-asset divorce. The first is to do all you can to keep your divorce private and out of court when possible. If the case goes to trial, anyone who wants to may be able to see the documentation submitted.
Another thing that you should make sure you do is to talk to your attorney before you agree to any settlements or arrangements with your spouse. You and your spouse will both want to find as many of your shared assets as possible so that they can be split up fairly. You should not try to hide any assets, since being found lying in court is extremely bad for your case and can end up causing the judge to rule in your spouse’s favor.
Finally, remember that it’s best to handle this situation as a business transaction. There’s a lot on the line, financially speaking, so the last thing you want is to do anything that could hurt your finances in the future. Your family law attorney will work with you to negotiate for the best possible divorce settlement, so that you’re happy with the results of your case.
