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The importance of asset valuation in a high-net worth divorce

Saint Charles citizens know that divorce is a major life-changing event. Disputes are common, especially if there are significant business assets and/or property involved. In a high-net worth divorce, couples may find themselves disagreeing about monetary assets, real estate, stock options, retirement plans and even business ownership. High-profile couples who are currently dealing with marital dissolution may learn from the experience of the ex-wife of the former owner of the Los Angeles Dodgers -she is claiming that she did not get what she was entitled to during her divorce proceedings.

Based on the divorce settlement, the former owner's ex-wife was set to receive $131 million. She claims to have been misled into believing that the marital assets were worth $300 million but, when her ex-husband sold the Dodgers for a whopping $2 billion, she realized the value of the assets was much higher. Because of this, she is now back in court, asking for an additional $770 million.

Her ex-husband's legal representative asserted that she did not take advantage of opportunities to perform a proper valuation of the Dodgers, resulting in a lesser settlement. However, she maintains she was given an underestimated value of the team, prompting her to accept the settlement.

As with this case, property and asset valuation in any divorce is critical. Property division, no matter how big or small the assets, plays a significant role in divorce proceedings. Documents and other important information regarding assets involved must be brought to light to prevent disputes. Moreover, all properties and assets need to be disclosed and valued to avoid regrets or disagreements after the divorce is finalized.

In a high-net worth divorce, couples may benefit from the assistance of legal professionals who may work with other experts in determining the real worth of all the properties and assets involved. Making the right decisions during a divorce is essential as it can make or break an individual's future.

Source: Cbslocal.com, "Former LA Dodgers owner back in divorce court," April. 19, 2013

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