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Posts tagged "High Asset Divorce"

How to handle a High Asset Divorce

No one ever imagines when they are planning their wedding that they will be divorced down the line. Dissolving a marriage is an extremely painful, arduous, and taxing experience on every one involved. When the couple that is divorcing is a high-profile couple, has a high net-worth and there are a lot of assets to divide, the tendency is that their divorce will be much uglier than most.

Divorce 101: Saving the business

Things were great in the beginning. You and your wife met in college at the business school mixer your junior year. You each finished your accounting degrees, spent endless nights studying for the CPA exam while working ridiculous hours during tax season, and finally opened your own practice in Rhode Island.

Finding hidden assets in a divorce

Divorce is a difficult time, regardless of the wealth of the couple divorcing. However, high asset divorces differ in a variety of ways. First, wealthy couples typically have complex and diverse financial holdings, making it difficult to take an accurate tally. On top of this, if one spouse is inclined to try and hide assets, he or she typically has the money and connections to do so.

Nick Cannon and Mariah Carey finalize divorce

Let's face it ? the phrase "amicable divorce" is, more often than not, an oxymoron. Yes, there are rare cases when a couple "consciously uncouples," everything goes smoothly and neither side harbors any hurt or ill feelings. In most cases, though, divorce is a tough, contentious time as both sides work through the pain of dividing assets, deciding child custody and settling on the ins and outs of support.

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