August 2017 Archives

The challenges of a high asset divorce

Most people in Kentucky may agree that there is no such thing as an easy divorce. In fact, some are significantly more complicated than others. Any person who is considering a high asset divorce may want to prepare for the challenges it might bring. When high net worth couples decide to end their marriages, there are more assets to divide, often leading to fierce courtroom battles that can prolong the process.

A prenup could prevent contention in high asset divorce

Although nobody wants even to give a thought to divorce while planning a wedding, more and more young adults recognize the importance of a prenuptial agreement. Life is full of twists and turns, and even a couple with few assets at the time of the wedding may build up a substantial estate that may have to be divided in a high asset divorce sometime in the future. Soon-to-be married individuals in Kentucky will likely understand that such an agreement serves to protect the interests of both spouses -- not only in the event of a divorce but also if one spouse should die before the other.

Kentucky residents may want to block out negative divorce stigma

It is not unusual for many Kentucky residents to have mixed emotions when it comes to ending their marriages. They may feel relief due to leaving an unhealthy relationship, but they may also feel as if they will be judged for going through divorce. However, parties who do feel the need to discontinue their marriages may not need to place stock in the views of others when it comes to their personal situations.

High asset divorce may have Kentucky residents feeling tension

Though each divorce case is different, there are certain factors that could make some cases have a higher chance of facing complications. Dealing with a substantial amount of money is one of those factors. High asset divorce cases often face additional tension, arguments and stress as each party works toward the results they desire most.

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