Going through a divorce requires being informed to make the right moves. And people going through a high-asset divorce may need more information due to the complexity of their process, particularly property division.
This guide discusses four tips to apply when going through this divorce type:
Be transparent
Transparency is crucial in high-asset divorces. You should provide your spouse with an honest list of your marital assets, and they should do the same. Your lists should contain similar information. If your spouse’s list lacks a property in yours, ask to get more information. They may have forgotten about it. When parties are transparent, a high-asset divorce can be more manageable.
Be patient
Listing assets and property valuation can lengthen a high-asset divorce process. Thus, you need to be patient when going through this divorce type. You should not agree with terms and requests to speed up the process. Assess every request from your spouse to ensure you get a favorable outcome.
Keep matters private
You should keep matters private when going through a high-asset divorce. Avoid posting about the case on social media because anything you say can work to your disadvantage. Further, only discuss the case with your spouse and the people you work with. You don’t want uninvolved parties to know crucial information about your assets or your case.
Be prepared financially
A high-asset divorce can cost more due to its complications. In addition, you may have to hire multiple people, from financial advisors to appraisers, and it takes a more extended period. Therefore, you need to be prepared financially.
These tips can help you when going through a high-asset divorce. It will also help to get legal guidance to make informed decisions.
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