If you are going through a divorce, you probably have serious concerns about what your financial future will look like. The end of a marriage will probably mean less income, new expenses and other financial adjustments. If you stayed home with your children or earned significantly less than your spouse, you may wonder how you will survive.
High asset divorces are often contentious and complex, and both sides are concerned about what will happen to marital assets and money. If you are facing a high asset divorce, there can be great benefit in preparing for the process ahead. These types of Utah divorces are financially complex, but you do not have to walk through it alone.
Like many others in Utah, you never dreamed your marriage would one day end in divorce. You had the best of intentions to stay married for the rest of your life. Then, life threw a few major curveballs your way and your relationship did not withstand them. You have high hopes that your children will be able to adapt to their new lifestyle as well as possible. In fact, you and your spouse are likeminded concerning their upbringing, so you don't expect parenting-related matters too cause much trouble in proceedings.
You worked long and hard to build a successful lifestyle in Utah. When your spouse filed for divorce, you were disappointed but not surprised. You really just wanted to get through the process and move on, without letting it ruin your life. You were, of course, concerned about your children's best interests but confident you'd both work out an agreeable plan. Then, you began to suspect another problem -- hidden assets.
An unfortunate reality is that not every marriage ends with happily ever after. For some people, four out of every ten, according to one statistic, their partnership will end with a divorce. While each ending gives a person a chance to move on to bigger and better things, there are some matters that you will most likely need to handle during the divorce process that could be critical to your financial future.
Business owners often invest a great deal of time and money into building a successful enterprise. You might have started your business at an early age, and at the time, it may have been small, but perhaps now it has flourished financially. You are likely extremely proud and relieved that all your effort has paid off, but perhaps you haven't given thought to what might happen to it in the event of a divorce.
You've worked hard for most of your life to get to where you are today. Your successful career is the result of your efforts, and you've earned the comfortable lifestyle you enjoy.