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.
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.
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.
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.
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.
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.
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.
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.
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.
You've worked hard for most of your life to get where you are, and you and your family have been enjoying the fruits of your labors. But what happens to all you've accumulated when your marriage suddenly comes to an end?