One factor that often arises in a high-asset divorce is marital asset dissipation. This term refers to the improper use or wasteful spending of marital assets by one spouse during the marriage. This can affect the equitable distribution of assets during divorce...
Year: 2023
How do you define your child’s best interests?
If you are getting a divorce and share children with your spouse, determining how to split parenting could be one of your biggest challenges. If left to a court, the child’s best interests would be the overriding factor in any decision. But what does that mean? Your...
3 financial necessities when you divorce
It’s easy to focus on the future when you think about money during a divorce. But first, you need to get there, and doing so also requires money. Splitting your financial thinking into three can help you get the outcome you need. Your current financial situation What...
3 things to remember when divorcing a controlling spouse
If you have filed for divorce because you are sick of your spouse trying to control you, then you need to take extra care during the divorce. The fact that you took matters into your own hands by filing will have upset them. They’ll have seen it as a challenge to the...
Should you buy out your spouse from the business during divorce?
Going through a divorce poses a variety of challenges, both emotional and financial. When you and your spouse own a business together, one challenge is deciding how to handle that business in the asset division process. If you think you might want to buy out your...
Should you sell the house before your divorce?
Divorce can be an emotionally challenging and complex process, often accompanied by tough decisions. One such decision is whether to sell the family home before the divorce becomes final. While it may not be a one-size-fits-all solution, there are several factors to...
What factors affect property division in a Texas divorce?
Because Texas is a state with community property jurisdiction, the common assumption is that each spouse receives an equal share of their marital property. However, it is more challenging to determine what exactly is equal when marital property comprises valuable...
How mediation saves you money on your divorce
Some couples hesitate to file for divorce out of concern for the cost associated with the process. Litigation can increase the cost of your divorce exponentially, which is why some couples prefer to seek mediation for their divorce settlement instead. Here are some of...
Do you forfeit child custody rights if you move out of state?
As a divorced parent, you may have to weigh many significant decisions against your responsibilities to your family. Even if your career or other personal circumstances call for you to relocate out of state, you must first consider how this will affect your child...
How does a high-asset divorce impact your taxes?
As your marriage devolves into divorce, so do your financial liabilities. For divorcing couples with significant assets, critical tax consequences may apply. Breaking down and addressing possible tax considerations while processing your divorce proves to be a wise...