Divorce should be a process in which two ex-partners divide assets in a fair and agreed upon manner. Unfortunately, it doesn't always work that way. If your partner is under-reporting assets, a solution may be at your fingertips.
Imagine spending years building your wealth, investing in real estate in Denver, Aspen, and other places around the state and country. In addition, you have worked hard to create a strong stock portfolio and maybe even built a company from the ground up. Now, you are on the verge of divorce and you are worried about how it will affect your assets.
Divorce is never simple, regardless of who the spouses are or what issues the divorce entails. However, for couples with significant assets, divorce is far more complicated. Not only do these spouses face the difficulty of the divorce itself, they must consider ways to keep their divorce a private matter. As anyone who's gone through this type of ordeal before can tell you, high-asset divorces are always at risk of turning into high-profile controversies.
Getting a divorce is hard enough without having to think about how it affects your future and lifestyle. As a divorcing woman, it's important that you take time to understand how your standard of living could be affected by divorce. If it's affected severely, it's possible for you to seek alimony and compensation to offset the changes.
The divorce process is full of twists and turns, all of which can cause quite a bit of stress if you don't know which steps to take and how to protect yourself.
Going into business with your spouse seems like a natural thing to do. As long as the marriage is going right, running your business together will likely be easy. If the marriage starts to go south, taking care of the business might not be easy.
Divorce can take a complicated turn for those who own a significant amount of real estate, especially if it is a ranch or other large tract of land with significant value. Here in the West, many families own hundreds of acres of land stretching out across America's majestic middle, and when divorce comes knocking, it's not as simple to divide up this type of asset as it might be to decide who keeps the family work truck.
When you're in the process of obtaining a divorce, there are a lot of details to worry about. In fact, other than custody and visitation of children, the division of your assets is probably the most important issue you face. If you and your former spouse are going through a contentious divorce, that can make the asset division process much more difficult. What if your spouse is hiding assets? What if he or she is lying about the value of non-financial assets, such as fine art?
It's a dream come true, owning an Aspen mountain home. Every time you fasten on your skis at the doorstep and downhill over fresh powder to the ski lift, you pinch yourself to make sure it's real.
Those engaged in the divorce process know how it's possible to feel alone when surrounded by others. Acrimonious meetings between spouses paired with legal representatives may span hours. Divvying up assets and property may prove exhausting. Those who are successful know when to compromise and when to become adamant. Those who aren't adept in articulating their wishes expend more energy and emotions. Although the discussions and debates take place with an audience of attorneys and an antagonistic spouse, most people are likely to feel isolated in this company.