On behalf of Tasha K. Schaffner of Schaffner Family Law posted in divorce on Wednesday, August 6, 2016.
Kentucky readers know that financial disagreements are one of the most common reasons that couples choose to end their marriages. These financial disagreements often foreshadow the complicated disputes that are common in a high asset divorce, including fights over retirement, savings, business ownership and more. With preparation and the right professional support, it is possible to manage these complications effectively while still protecting financial interests.
One of the most important steps for a person facing the divorce process is to address financial matters early in the process. Whether the person works full-time or does not work at all, knowing what to expect is a significant step toward establishing post-divorce stability. In some cases, it can be beneficial to have a financial adviser to provide guidance regarding some of the most complex of martial assets, such as business ownership and retirement benefits.
Some of the most significant marital assets that must be addressed include retirement accounts, investments, stock portfolios, small business profits, real estate, vehicles and more. While couples may not readily agree as to how these should be distributed, it is entirely possible to resolve these matters without litigation. With the help of an experienced lawyer, even the most acrimonious of couples may find that they can avoid the stress and expense of a lengthy court battle.
There are many complicated factors that should be considered during a high asset divorce. A complete case evaluation with an experienced Kentucky family law attorney is the first step toward understanding legal and financial options available to an individual. Preparation and knowledge can be a significant factor in protecting one’s long-term financial interests during a complex divorce.