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For some wealthy couples, a substantial portion of that wealth comes from a family inheritance. Wealth is being passed down through the generations, and a person's parents or grandparents may have left them a significant inheritance in their estate plan. Often, when a...
When people think about dividing assets during a divorce, they often focus on their family home, retirement accounts, investment portfolios and bank balances. To that end, some valuable assets may receive far less attention than they deserve. Take, for example, a...
Ending a marriage requires you and your ex to divide the assets that you have amassed while you were married. When you’re dealing with a high-asset divorce, you’ll have to think about a lot more than just your family home and a joint bank account. High-asset marriages...
Many high-net-worth individuals are caught off guard by how intricate and legally demanding divorce proceedings can become when significant assets are involved. What initially seems like a relatively straightforward divorce often becomes an extensive legal and...
Between 1990 and 2021, there was a dramatic increase in the divorce rate for couples who were over 65 years old. It roughly tripled over those three decades. A corresponding rise could also be seen in the general divorce rate for people over 45 years old. In other...
Many people assume that divorce inevitably leads to a courtroom battle, especially when spouses are at odds over complex issues. In reality, most divorce cases are resolved without a trial, and very few ever reach a final verdict before a judge. Even in high-conflict...
High-asset divorce cases often involve complex financial situations where not all assets are immediately visible. In some cases, one party may attempt to conceal wealth to influence how property is divided. Understanding how to identify hidden assets is essential to...
Couples facing high-asset divorces have many financial issues to address. In addition to identifying and valuing their resources, they often need to come up with creative solutions for dividing those assets. Some marital property requires more careful consideration...
Dividing marital property reasonably and fairly becomes much more challenging when people have a variety of high-value shared resources. Spouses with investments, real property, business holdings and other high-value marital assets may find themselves disagreeing on...
California law requires spouses going through a divorce or legal separation to share their financial information. This mandatory process is called financial disclosure. It ensures both parties have adequate information to make fair decisions about money and property....