A successful career in professional sports usually comes with a substantial leap in income. If you are a divorcing professional athlete (or married to one), do not assume wealth will make the process easier. Having wealth or valuable property makes many divorces even...
High Asset Divorce
Traveling internationally with your kids after divorce
If you and your spouse have always enjoyed introducing your kids to different countries and cultures, one of the most difficult parts of your divorce may be the fact that travel with them may be more challenging. Even if you have joint custody and shared parenting...
Property division and pro-athletes: What you should consider
As a professional athlete, you have had an excellent opportunity to earn a substantial amount of money during your career. When you got married to your high school sweetheart, you didn’t think about a prenuptial agreement or arrangement to protect yourself. Now,...
How collaborative law protects your business in divorce
Your business is important to you, and your divorce could threaten everything you’ve built. When business owners are at odds with each other, it’s just not productive. Worse, it can be outright destructive, especially if your fighting affects your company’s processes...
Can a stay-at-home spouse claim part of the retirement account?
Stay-at-home spouses sacrifice their own earning potential for the betterment of their families. Rather than developing a career, they perform uncompensated tasks around the house that would cost a lot of money if the family hired a professional. Having a stay-at-home...
Is keeping the marital home the best financial decision?
Some divorcing couples basically go to war over their marital home. Both of them draw a line in the sand and demand that they should get to keep the house. They will likely spend a significant portion of their time in court arguing about the home, forcing a judge to...
Will your spouse’s deferred compensation impact your divorce?
Divorce is often more complex for high-asset families. The more money and property that you and your spouse accumulated during your marriage, the more complicated it will be for the two of you split up all of that property. Not only is there more for a couple to fight...
When does your spouse’s spending have an impact on your divorce?
When you get married, you combine your finances and household with your spouse. When you do, you accept some risk for your spouse's behavior. Most people enter into marriage in good faith and assume that their spouse will make decisions that benefit the entire family....
High-asset earners like Bill Gates face divorce challenges
The recent news that Bill and Melinda Gates – one of the richest couples in the world – are getting divorced brings to mind the numerous challenges faced by high-asset couples when they split. The assets are at center stage since the couple is worth more than $100...
What records can my spouse request during a divorce?
Divorce can be a lengthy process, especially when you and your spouse disagree on how to divide your assets. Whether you and your spouse pursue a collaborative divorce or you need to go through litigation, you will very likely need to exchange some records to...