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Effectively managing the financial issues of a high asset divorce

Celebrity divorces garner a lot of media attention and often shed widespread attention on sensitive financial issues faced by wealthy couples during divorce. Kentucky couples may not be celebrities and their high asset divorce may not cause national headlines, but these divorces can be complicated and must be handled effectively. Fortunately, it is possible to walk through a high asset divorce without unnecessary and expensive litigation.

One of the most important considerations for a person facing a high asset divorce is to develop reasonable expectations. When it comes to property division and distribution of valuable assets, it is important to pursue an outcome that is practical and will provide stability for years after the divorce is finalized. Decisions that are motivated by anger or a desire for revenge often lead to costly, lengthy and stressful court battles.

For many wealthy Kentucky couples, a prenuptial agreement will determine how assets are divided and property is distributed between both parties. This is a smart decision for wealthy individuals before marriage, but if there is no legal agreement, it is critical to protect one's rights and long-term interests with the help of an experienced lawyer. Divorce can be messy and complicated, but a lawyer can ease the strain of a complex divorce process.

Effectively navigating high asset divorce requires preparation and experience. There are many complex matters that must be addressed, but it is possible to secure a stable and sustainable financial future. Seeking a complete case evaluation with a legal professional is an important step before even initiating the divorce process.

Source: The New York Times, "How Rich Couples Who Aren't Pitt and Jolie Manage Their Divorces", Paul Sullivan, Sept. 30, 2016

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Tasha Scott Schaffner, PLLC - Attorneys at law

505 Centre View Blvd.
Crestview Hills, KY 41017

Phone: 859-491-1011
Fax: 859-491-1899
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