There are many factors that could make the process of ending your Utah divorce complicated, including assets and finances. In many cases, a high-asset divorce is a high-conflict divorce, but that does not mean that you cannot effectively prepare and protect your interests. Preparation for a high-asset divorce is extremely useful, as is a complete understanding of your property rights.
Financial strain is a common factor in divorce, and it can be particularly prevalent in a divorce in which there are significant and valuable assets at stake. If you are facing a high-asset divorce, you would be wise to take quick action to effectively prepare for what lies ahead and learn how you can shield your post-divorce interests.
Which issues could cause trouble?
In many high-asset divorces, it is about much more than just money. The following financial factors and assets may come into consideration during your divorce proceedings:
- Small business assets
- Retirement accounts
- Stock options
- Real estate holdings
- Other types of valuable property
Navigating the complex process of fair and equitable property division is not easy. One of the primary factors in securing a reasonable settlement is to appropriately and accurately value all assets that could be eligible for division. This requires locating all marital assets, which is especially difficult if your spouse is attempting to conceal, devalue or hide certain assets.
When pursuing a fair divorce order, you would be wise to keep a financially strong post-divorce future as your goal. It is tempting yet unwise to allow emotions to drive your decisions during negotiations and preparation for litigation. This includes a careful consideration of the tax implications of retaining certain valuable assets. A clear view of your future after divorce will minimize the chance you make a hasty or unwise decision regarding your property division settlement.
Fighting for a fair outcome
It’s normal for two spouses to be in contention regarding the division of valuable assets. Regardless of the efforts of your soon-to-be-spouse, you have the right to pursue an outcome that is both fair and reasonably allows you to have stability and security in the future.
It can be useful to start simply by seeking a complete evaluation of your case. Through this step, you can better understand your rights and the most appropriate path for you to reach your divorce-related objectives. A high-asset divorce is complex, but you don’t have to navigate the complication and conflict alone.