Preparing to dissolve a marriage can be a stressful and intimidating process in any situation, but there might be some scenarios in which the process might prove even more complex in nature. Those who possess considerable wealth and assets may face additional aspects that might be more unique to their situations. Understanding some complex factors one might face during a high-asset divorce could help individuals in Pennsylvania better prepare to preserve their future wishes and needs.
Complex Factors
The property division process is an aspect of divorce that may be an area of focus for many and when there is considerable wealth involved, untangling finances and dividing assets can seem complicated. High-asset divorce cases may also include complex assets such as business assets, real estate holdings and investment accounts. Knowing the topics to cover regarding similar types of assets may prove integral to preparing for the process.
Those who possess significant wealth may also have concerns about how best to approach the process of identifying and valuing marital assets. While this may be an integral component of preparing for a divorce, it can also prove somewhat challenging at times, especially with a great deal at stake. Topics such as child custody and child or spousal support are also examples of factors that might be an area of concern when facing a similar life change.
Creating A Strategy
Knowing the complex factors that might play a role in a high-asset divorce can be essential to creating a strategy that focuses on one’s interests and needs. Since this can be a complex process, those facing a divorce might consider retaining the services of a family law attorney in the initial stages of the process for guidance in evaluating their options. An attorney can work toward addressing all a client’s questions and concerns and help prepare to pursue the most favorable outcome achievable regarding his or her future during subsequent legal proceedings.
