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High asset divorce: Money doesn't always buy happiness

The old saying claims that the best things in life are free. Sadly, life itself can be expensive, and it requires a certain amount of capital to keep things running smoothly. While it may seem that more money may lead to marital bliss, some Kentucky couples may find that the higher income eventually leads to a high asset divorce.

A high asset divorce can become complicated quickly

To the casual observer, the wealthy seem to have the world by the tail. However, in the event a wealthy couple's marriage comes to an end, the resulting high asset divorce can quickly become a nightmare for the parties involved. Regardless of one's own personal resources, Kentucky residents who are facing this prospect may be best served by consulting with experienced professionals.

There are critical choices when facing a high asset divorce

In the past, studies indicated that women fared worse financially after a divorce. The phenomenon was dubbed the 'divorce gap' and perpetuated the myth that a woman was less likely to recoup financially after a marriage ended. Kentucky residents -- whether male or female -- who are facing a high asset divorce have several difficult decisions to make when working on a settlement agreement.

In high asset divorce, ex-wife paints her own version of artwork

According to the old saying, "All is fair in love and war,' though most draw a line at deception. There are times when one may believe that any actions are justified during a high asset divorce. Kentucky residents who are preparing for a possibly contentious dissolution of their marriages may seek the guidance of experienced professionals.

Ex-mayor Rudolph Giuliani's wife seeking high asset divorce

Years ago, Rudy Giuliani, became one of the most well-known mayors in the country after the 9/11 terrorist attack. Shortly before that horrific event, he was widely criticized when he announced at a press conference that he was divorcing his wife in favor of the woman with whom he was having an affair. Kentucky residents may not be surprised that his current wife is now seeking what will likely be a high asset divorce.

A business in a high asset divorce requires in-depth valuation

Seeking a dissolution of a marriage is never an easy undertaking. If there is a business involved in the process of seeking a high asset divorce, then the matter may become even more complex. Kentucky residents can obtain the services of professionals who can ensure that the company is given an in-depth valuation.

Experienced help and guidance invaluable in high asset divorce

Those who are successful in life did not get there by happenstance. Hard work, dedication and perseverance through the hard times brought your dreams of financial security to fruition; unfortunately, those dreams can be shattered if a marriage becomes untenable. Kentucky residents do have options for protecting their wealth in the event they find themselves facing a high asset divorce. 

High asset divorce could be eased with pre-marital planning

A little planning can go a long way, especially when it comes to finances. When people make plans involving pre-marital financial matters, that usually means a prenuptial agreement. But one can make plans to keep non-marital property separate -- even in a high asset divorce -- with a little extra forethought. Kentucky residents may be able to utilize some of the suggestions shared in a recent news article. 

Can a courtroom battle be avoided in a high asset divorce?

Did you accumulate significant assets both before and during your marriage? Do you own a business? Are you now facing a high asset divorce? If so, you have a lot at stake in a Kentucky divorce. It may be in your best interests to try to avoid a courtroom battle.

Common issues to check in a high asset divorce

Ending a marriage is never easy, and when it involves a complicated estate with large amounts of money, businesses, properties and other complicated assets, it might need professional assistance. Having the right guidance may help to avoid the typical hurdles of a Kentucky high asset divorce. While protecting the high-value assets, there will also be cars, the dog, the kids, visitation rights, alimony and the house to consider. One thing that can jeopardize a person's post-divorce financial future is agreeing to anything just to get away from the situation.

Tasha Scott Schaffner, PLLC - Attorneys at law

505 Centre View Blvd.
Crestview Hills, KY 41017

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