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Tips for a high asset divorce

Going through a divorce in Houston can be emotionally trying for a family. In a high asset divorce, the stakes can be high and the division of assets may be extremely complicated. There are some things that should be kept in mind for someone going through a high asset divorce.

A high asset divorce has all the complications of a regular divorce, along with a larger number of assets. Because there are often millions of dollar involved in a high asset divorce, a valuation expert is an important professional that should be involved in the divorce process. A valuation professional looks at the couple's holdings to determine their value. For high asset divorce situations, this is critical because many times the couple has stock options, business holdings and questions regarding distribution of assets that need to be addressed.

Life insurance is another area that should be addressed in a high asset divorce. Many times a person has extensive life insurance policies that are complicated. These should be evaluated by an insurance expert who can help determine their worth and how they should be distributed.

Finally, a high asset divorce should also consider the lifestyle of both partners. Couples with a high asset divorce often have a lifestyle that they are accustomed to. After a divorce it may be hard to maintain that lifestyle especially if one partner makes a large amount of money and the other doesn't. An analysis of where the money was spent while the couple was married can help create a fair division of assets.

Source:  Forbes, "Getting The Most From A High-Dollar Divorce," Russ Alan Prince, Dec. 1, 2014

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Attorney Christine K. Lincoln

Christine K. Lincoln offers sound counsel and legal services to protect clients and their families facing divorce and other family disputes.

She will take the time to understand your individual needs and develop a comprehensive solution to protect your rights and interests.

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