As you may know, high-asset divorces typically last a very long time. They also come with deep conflict, particularly over property division issues. Most people heading into a marriage do not give much thought to the possibility of divorcing one day. However, as statistics from the American Psychological Association confirm, about half of the marriages in America end in divorce.
The wealthier you are and the more apparently stable your family life seems prior to your divorce, the harder your children may take it when the divorce finally comes.
When you're going through a high-asset divorce, one thing you might not be thinking about is how it could affect your children's outlook. While you're worried about their health and overall happiness, the reality is that the cost of this divorce could affect them, too.
The high cost of marital infidelity may be getting even higher. At the same time, affairs are occurring more and more often.
In a high-asset divorce, one of the things that people sometimes consider doing is hiding assets. If you're someone who thinks hiding assets is a good idea, you may want to rethink that assessment.
In the past, a divorce probably didn't feel "real" until one spouse moved out of the marital home and started living somewhere else. These days, however, a divorce doesn't feel real to many people until at least one of the spouses changes his or her Facebook status to "single."
If you're going through a divorce, it's a good idea to sit down and think about unusual assets that you could be forgetting in your asset list. You may not know about all the assets your spouse has in their possession, but with a little creative thinking, it's possible to find more of the assets you share, so that you can get a better payout upon divorce.
When you ask your spouse for a divorce, there's certainly no guarantee that he or she will accept that request civilly and move forward. In many cases, one person feels hurt or angry, and those feelings cause tensions to escalate. This can lead to a toxic divorce.
What do you have to disclose about your financial affairs to your spouse during a divorce?
With any high-asset divorce, there are many assets on the line. People in these situations need to do everything they can to protect their own interests. Georgia is an equitable distribution state, which means that you're not guaranteed anything except what is perceived as your fair share of the marital estate.