You may have never imagined going through a high-asset divorce until recently. Now that it’s happening, you may not know where to start.
Divorce is unique for everyone. You may want to learn a few things about high-asset divorces:
1. Your spouse could be hiding assets
During a high-asset divorce, you may need to check to see if your spouse is hiding assets. Some spouses feel they have a right to certain assets and investments and will take steps to hide any indication of these assets. You may notice that your spouse is hiding assets if you find unexplainable transactions on your bank statements. There are other legal methods for finding hidden assets.
2. A prenup or postnup can go a long way
You may have made a prenup before marriage or postnup during marriage. Prenups and postnups are legal documents that can determine the result of your divorce. They may clearly state how certain assets are divided and if one spouse should be awarded alimony. You may need to locate and review your prenup or postnup before the divorce process to know your legal rights.
3. Social media isn’t your friend
If you frequently use social media, you may want to consider taking a step back during a divorce. While you may talk about your life to your online friends and family, talking about divorce could cause a legal battle. Your spouse may not take it kindly if any information is disclosed about your divorce to people online. Even comments on your spouse’s posts could lead to issues that delay or complicate the process.
4. You may need to reach out for legal help
High-asset divorce is a complicated legal matter. You may want to understand your legal options and how you can obtain a favorable outcome for your situation.