high asset divorce Archives

Dividing a 401k equally

For those in Battle Creek that are preparing for divorce proceedings, among the most pressing issues they must deal with is comprehending which of their assets will be subject to property division. Typically, one of the more valuable assets that divorcing couples share are the funds available through retirement savings accounts (such as a 401k). Some might question the use of the word "share" in this context given that most view a 401k as an individual asset one earns through his or her employment. Yet any assets accrued into a 401k during a marriage are indeed considered to be marital property

What else can I do to protect myself in our high-asset divorce?

Yes, there is much more. In addition to the considerations in Part 1, it may be that the more organized and documentary you can be as early on as possible, the less stressful the process will be and the better off you will land once the divorce is complete.

How do I best protect myself in our high-asset divorce?

When you have significant assets heading into an unfortunate divorce situation in Michigan, you certainly want to make sure you are taking all the right steps to protect your own interests. There are also things you want to avoid doing that can be just as important as what you act on.

Seasonal affective disorder and the end of marriage

After years of marriage, deciding to call the union off can be overwhelming for anyone, especially for those who have seasonal affective disorder and other hardships to work through. Unfortunately, some people may feel as if they are trapped or unable to take action due to the emotional difficulties they are facing as a result of SAD. If you have SAD and are planning on filing for divorce or believe that this disorder has left you in a more vulnerable position, it is essential to take a thorough look at your options and do what you can to keep the disorder from creating additional challenges in life. Sometimes, ending a marriage is not only necessary, but empowering and helpful for those who need to move forward with their lives.

How should you approach the issue of a prenup?

If you have found that special someone that you are ready to tie the knot with in Battle Creek, then right now your thoughts are probably occupied on all of the joy and happiness you anticipate sharing together. The suggestion of thinking about protecting yourself financially may be the last thing you want to consider. Yet there may be several circumstances that should be prompting you to consider a prenuptial agreement. You may be involved in a business that you do not want your future spouse to become tied to. You may have children from a previous marriage that you wish to retain assets for. Whatever the reason, whenever you bring significant assets into a marriage, signing a prenuptial agreement may always be a good idea. 

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