On behalf of Tasha K. Schaffner of Schaffner Family Law posted in divorce on Monday, August 15, 2016.
When a Kentucky couple chooses to end their marriage in court, it is seldom an easy experience. Depending on the circumstances, spouses may continue to face many challenges throughout the process, especially when the situation is considered a high-asset divorce. When the assets to be divided have substantial monetary value, surrounding issues may be more complex and require skilled negotiation and a willingness to compromise in order to achieve amicable solutions to disputes.
There are often business and tax consequences associated with a divorce that includes high-valued assets. It may be crucial to determine the effects a divorce might have on tax liability before proceeding to court. An experienced family law attorney would be able to review a situation and explain any options that might be available toward a positive settlement. Some people also choose to enlist the aid of a certified financial planner in addition to acting alongside experienced legal guidance.
Many couples who divorce wish to avoid lengthy litigation and contentious courtroom debates. Some have had great success using alternative methods of dispute resolution. Mediation or collaborative law has proved beneficial in many cases, while others have found that such means were not appropriate to their situations. Determining what form of conflict resolution best suits the particular needs of an individual circumstance may be easier when assistance is sought from an experienced attorney who has addressed such issues and helped others accomplish their immediate- and long-term goals.
When high-asset divorce disputes are unable to be resolved outside a Kentucky courtroom, it is often necessary to seek intervention through litigation. It is advisable for anyone considering this form of resolution to first speak with an attorney who has handled other high-asset situations. This may increase one’s chances of achieving a favorable outcome.