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Be mindful of timing with high asset divorces

Couples who have few or no assets can divorce with relative ease. But for couples with significant resources and assets, the divorce process is usually much more complex.

It is the latter group who may need to strategize their divorce filing in order to make the most of any tax benefits of being part of a married couple as opposed to a divorced single.

Of course, that is only one concern that divorcing couples with numerous assets may have. We help our clients find reliable and independent valuators of the real and personal property — even collectibles. After all, how can you get your fair share of the assets if you are unaware of their true value? You can't, which is why we are here to help.

While we are not tax professionals, we recommend that our clients learn of any tax implications from their tax advisers before they file the petition to divorce. While there is no situation so dire that it should make you feel compelled to remain in a marriage that has become untenable, you may have certain strategic advantages by filing at different times.

If you are contemplating divorce, make sure that you have all the pertinent facts that you need to obtain the best possible outcome with your custody situation and property settlement.

Often, divorcing couples can compromise by agreeing to a trade-off of some of the significant assets. When attempts have been made to reach accord but to no avail, it may be necessary to litigate the matter in the Georgia civil court system.

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