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Posts tagged "High Asset Divorce"

What can a prenup do?

Couples in Arizona can enter a prenuptial agreement before their marriage that requires the disclosure of their assets and can help resolve issues if the couple ever divorce. These agreements, however, have advantages and disadvantages.

Separating from the home

A spouse should consider the couple's house, like other property and marital assets, as something that they may have to lose in their divorce. For tax and other financial reasons, the apparent financial value of the house and emotional attachments, may be misleading.

Deciding custody of the assets: 401(k) and other accounts

Between Labor Day and the December holidays, divorce filings rise. As the possible end of marriage is being considered during this time, asset valuation should be part of this planning because property division is not merely a 50-50 split. Certain assets have different financial consequences not readily apparent from their face value.

What can a divorce do to finances?

A divorce in Arizona may have financial consequences over and above legal costs. Several of these matters, even though they may appear complex and technical, should be considered as major issues that must be pursued in court or negotiations. Planning should start well before the divorce filing.

What happens when business owners in Phoenix divorce?

Many married entrepreneurs in Phoenix have started a business from the ground up. Some of these couples have achieved great financial success in their endeavors, and, therefore, one of their most valuable assets is the business itself. Unfortunately, just because a couple's business has seen financial success does not always mean that their marriage will be equally successful. And, should they decide to divorce, they must face the question about what to do with their business.

Wilson-Goodman Law Group, PLLC is one of the East Valley's premiere litigation law firms.

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