Tips for a high asset divorce

Ending a marriage is never easy, but a high-asset divorce can bring a unique set of difficulties. If you are preparing for this kind of divorce in Nevada, there are some things you can keep in mind to make the process as smooth as possible. We at Kainen Law Group are committed to not only help you fight for your rights during divorce, but advise you on how to get through this time with as little stress as possible.

The Huffington Post advises that you should complete as much leg work as possible before you part ways with your spouse. This includes gathering evidence, property values and tax returns and keeping track of your spouse’s money. It can also be much easier to search for any hidden assets while you are still married instead of waiting till you are divorced. Determining what your biggest asset is can also help you decide what you want to fight for. You may assume it is your house, but a retirement fund may actually be bigger.

Next, you should begin determining which assets you would like to keep. Anything acquired during the marriage can be divided, included things like frequent flyer miles and ownership of a website you or your spouse created. You also need to begin determining what your finances may be after divorce to present your living expenses to the court.

The date you formally separate can also affect asset division if certain accounts grew or fell after the fact, so keep this in mind when deciding when to leave. To learn more about high-asset divorce, please visit our web page.