Posts tagged "High Asset Divorce"

High-profile divorce and negative attention

Whenever someone splits up with their spouse, there may be a number of challenges they have to work through. However, the end of a marriage can be particularly difficult for high-profile couples who may live life in the public eye. From gossip columns and TV reports to social media posts, the digital era has brought even more ways for information to spread quicker and make daily life miserable for some people. Whether you are already struggling with negative attention or plan on splitting up with your spouse soon and expect that this issue will arise, it is important to be fully prepared.

Is your spouse concealing assets?

If you have recently experienced a breakdown within your Michigan marriage, you may have suspicions about your spouse being less than honest with you. If, for example, you worry your spouse is being untruthful with you when it comes to money, it can have a serious impact on your ability to get a fair shake during divorce.

Determining fair market value of collections during divorce

Many spouses may think they know best when it comes to the value of their personal collections during a Michigan divorce. However, using online research or a guesstimate figure could skew the divorce settlement considerably in one spouse's favor.

Get the whole financial picture during a divorce

High-asset divorce in Michigan is rarely simple, but there are certain things that we find complicate the process unnecessarily. After all, you do not want to take a bad situation and make it even worse. At Vandervoort, Christ & Fisher, P.C., we find that the best approach is to strike a balance between representing our clients' individual interests and completing the process as soon as possible. 

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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