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High Asset Divorce Archives

Practical tips to remember in high asset divorce

Many Kentucky spouses rely on their partners to handle all matters related to finances in marriage. Some whose marriages did not last later recognized this as a big mistake when they suddenly faced tremendous challenges negotiating high asset divorce. It's difficult to fight for assets rightfully owned if one is not even aware of one's own financial status in the first place.

Taxes, Marriage Dissolution and Kentucky Law

In any dissolution, questions about taxes loom large, particularly during tax season. In most families, one partner has traditionally assumed the responsibility of preparation of household financial documents and continues on with the chore out of habit. Sadly, with the shattering of the trust that comes about from the end of a marriage,there also comes a reluctance on the part of the partner who hadn't previously prepared those documents to cooperate.

Should you consider a postnuptial agreement?

Many couples who marry young do not think about prenuptial agreements, because they do not have many assets. If a divorce occurs years later after accumulating wealth, however, a drawn-out, costly fight can occur.

Dissipation of assets and high asset divorce

When a divorce involves valuable assets and other complicated financial matters, it can quickly become a contentious, difficult process. For a Kentucky couple facing a high asset divorce, it is important to prepare well and be aware of ways that the other party may attempt to undermine one's rightful claim to marital property. One of the most common ways that this occurs is by the dissipation of marital property.

Massive art collection at stake in Macklowe high asset divorce

When a couple decides to dissolve their marriage, they typically have to face tough issues, such as custody matters and asset distribution. Those facing a high asset divorce, however, are generally confronted with unique situations that are not generally present in normal divorces. Those in Kentucky whose divorces fall into this category may be interested in a recent article regarding the proceedings of billionaires Harry and Linda Macklowe.

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