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Posts tagged "High-asset divorce"

Don't forget to look for these assets before divorcing

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.

Watch out for toxic behaviors in a high-asset 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.

Take the right steps to help yourself during a high-asset 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.

Deciding who gets the house in a divorce

There are many key aspects of the divorce process, with property division high on most everyone's list. As you focus on your assets and debts, you may come to find the family home is what means the most to you as you divorce. Your spouse, however, may feel the same way. The question of who will get the house in a divorce depends on a variety of factors.

Work together and you'll resolve your divorce faster

When you go through with a divorce, one of the most difficult things is having to go through your possessions and divide them with your spouse. Georgia is an equitable distribution state, so there is no 50-50 requirement. While that's good for some people, it is also more complicated than in a community property state.

Consider carefully which assets you accept in a divorce

Are you in the process of a divorce or think you may be headed that way? If so, make sure that you don't end up getting a raw deal when you divide the marital assets. It's often smart to have a financial advisor on your team as you go through the process of dividing assets -- particularly if those assets are substantial. The larger the assets that have to be divided, the greater the potential for a serious mistake.

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