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Stay cool: an important tip in handling high asset divorces

Compared with most divorces involving a modest level of property, high asset divorces can be challenging due to the numerous assets at stake: offshore accounts, retirement plans, artwork, cars and marital homes, among others. In a high asset divorce, property division can be tough, to say the least. To obtain their fair share amidst the sometimes heated negotiation, Missouri residents should consider a few tips that will enable them to fully understand their rights and make levelheaded decisions.

First, spouses need to try hard to remain calm as the legal process progresses. Wallowing in emotions doesn't help at all when deciding on legal issues. Spouses need to coolly weigh their options in order to formulate the right decisions.

Second, spouses should be respectfully skeptical of the advice of family and friends with regard to divorce. Though talking to a friend can be consoling, divorcing individuals must understand that their friend or neighbor is not a legal professional. Remember also that every divorce case is unique.

Third, setting goals and focusing on them provides purpose and direction. Creating a list enables an individual to identify priorities that can be discussed with a legal professional. For best results, divorcing individuals need to work hand in hand with legal counsel.

Finally, spouses should consider negotiation. Not all cases have to be settled in court. Maintaining open lines of communication with each other enables everyone to move the case forward. Listening to the concerns of the other party allows one spouse to know the other's needs and wants, allowing both to create a best-fit settlement for their situation.

In Saint Charles, Missouri, or anywhere a high asset divorce is imminent, spouses are well advised to consult a legal professional for assistance and information on their options. A family law attorney has "been there before and done it."

Source: Examiner.com, "Divorce, dissolution of marriage and separation: Know your rights under the law," Jan. 6, 2014

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Joseph J. Porzenski
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