When you are dividing assets in a divorce, you will have to consider your bank accounts, your home and many of your possessions. But what about your inheritance? If you received an inheritance from a late family member, will you have to divide it with your former spouse?
Given the choice, most people prefer not to think about taxes until the April deadline rolls around. The year 2017 was a bit different, though. Last year's massive, nation-wide tax overhaul will affect millions of Americans’ taxes—and will likely have other important implications, as well.
When you and your spouse began the divorce process, you had a reasonable estimate of your marital assets’ value. But now the time has come to divide your property, and you are stunned to find that your spouse has been deliberately wasting assets so that you will receive less than your fair share. This is a spiteful move called dissipation of assets that, unfortunately, some spouses will resort to in a divorce.
High-asset divorces can be more contentious than most. There is so much at stake: Assets, real estate, money, businesses and more.
Approximately 50 percent of marriages in the United States end in divorce, and approximately 60 percent of American households own a pet. It should go without saying that many couples that are divorcing also have pets.