As you fall in love and plan to get married, you never anticipate that one day you will be involved in a nasty divorce with the person whom you love. Therefore, many people fail to do their due diligence and obtain a prenuptial agreement prior to their wedding. Unfortunately, for high-profile couples or couples that obtain a great many assets both before and after their marriage, their divorce will be far more complex than the average dissolution. Any divorce is filled with high levels of emotion, stress, and negative feelings. However, high asset divorces tend to be far more complex due to the intricacies and number of assets that need to be analyzed, valued, and divided for the divorce.
Because high asset divorces often involve a great variety in terms of the types of property that need to be assessed and divided, the division process becomes fairly complex. Additionally, there are often sentimental values associated with some of the property being divided. To make matters even more complicated, there are often cases in which one or both parties will make dishonest attempts to hide certain portions of the marital assets in order to prevent their partner from gaining access to that property. Here is a list of some of the most common high asset divorce assets that will be eligible for property division in your divorce:
- Real estate property and property interests
- Pension plans and 401k plans
- Fine art collection
- Fine wine collection
- Antiques and collectibles
- Vehicles including cars, boats, RV’s, four wheelers, etc.
- Offshore accounts
- Stocks and bonds
- Cash, savings, and bank accounts
- Business assets
If you are considering a divorce, it is wise that you consult with an experienced divorce attorney that is familiar with navigating the difficult waters of the high asset divorce. The reason for consulting with an attorney prior to speaking to your spouse, is that they may be able to protect you from any assets that your spouse may attempt to hide. They will also be able to discuss what you can expect from a divorce realistically prior to making the drastic decision to confront your spouse with the dissolution of your marriage.