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Posts tagged "high asset divorce"

What will happen to my business in the divorce?

Starting up a new business takes a toll on a person's health and can eventually even affect their marriage. While a Missouri resident is working hard to start up their business, their spouse may be on the way out of their marriage, leaving the other person confused, emotionally distraught and financially vulnerable. With between 40 and 50 percent of all first marriages ending in divorce in the country, the end of a marriage is not so out of the question that one should not take precautions to protect the business they have worked so hard to create.

Does an ex-husband have access to your trust fund?

Many wealthy St. Charles residents have a trust fund that was set up for them by a generous relative. These funds were generally created for the specific person and not for their spouses. But, in a complex divorce situation, can an ex-spouse lay claim to any of that trust fund?

Offshore accounts used by wealthy ex-spouses to hide assets

When couples in Missouri divorce, they often seek to move forward with the process so they can start their single post-divorce life. However, the procedure to get from filing for divorce to a divorce decree can be rather lengthy and complex. This is especially true for couples going through a high asset divorce. In some cases, spouses will go to great lengths to protect property from the divorce, even going as far as hiding it from their ex. This could present some major problems, especially if these assets are uncovered during dissolution.

Helping you navigate a high asset divorce

Divorce is difficult no matter your financial situation; however, for wealthy couples, dissolution can bring additional issues and disputes. The property distribution and asset division process can be a contentious time, especially if a prenuptial or postnuptial agreement was not entered into and spouses cannot agree in the division of marital property.

What can the divorce process do and not do?

The complexities of dissolution are obvious to any couple in Missouri. Whether they are of average income or are a wealthy couple, the divorce process means taking the time to consider major factors of the relationship and the intended post-divorce life. While some couples understand the constraints and limitations of the process, others believe in the process delivering the divorce settlement they desire.

How a team of professionals can help in a high asset divorce

Going through dissolution can be a messy time for spouses. Many couples in Missouri attempt to navigate this process on their own; however, in cases of a high asset divorce, it is often challenging to weed through all the information, documents, assets and properties involved in the marriage. Therefore, it is often helpful to have a team of professionals when going through a high asset divorce.

Big money divorce between Mark Pincus and Alison Gelb Pincus

Divorce is often described as messy by Missouri couples who have gone through the process, but nothing makes the processes messier or more complex than money. More money often means more problems, and a high asset divorce is likely to have its fair share of problems and disputes. This is often true even when a prenuptial agreement was signed before the marriage.

Joseph J. Porzenski
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