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Posts tagged "High Asset Divorce"

Tips for protecting an inheritance in a high asset divorce

For most Maryland couples who are preparing to wed, preparation of legal documents is not at the top of their lengthy to-do list. That said, there are reasons to attend to legal needs as the wedding approaches, not the least of which is to protect an inheritance from loss in the event that the marriage should end in divorce. A high asset divorce can become very complicated, very quickly. Having protections in place can make a world of difference if that potential outcome becomes a reality.  

Why should records be sealed in a high asset divorce?

A great deal of media coverage has been focused on the divorce between actors Brad Pitt and Angelina Jolie. Most recently, the couple has agreed to have their divorce records sealed, meaning that the details of their high asset divorce will not be available to the public. It is easy to understand why one of the world's most famous and followed couples would want to have their records sealed, but many Maryland couples who do not live their lives under the same spotlight  could also benefit from such a move.

High-asset divorce rates spike after the holidays

For many Maryland couples, spending time together during the holidays is something less than joyful. When a marriage has been in trouble for some time, having to spend more time together in the weeks between Thanksgiving and New Years can highlight marital difficulties. That leads to a spike in high asset divorce cases in January.

Understanding digital data within high asset divorce

Technological advancement is an amazing thing. For many Maryland residents, technology has led to substantial improvements in virtually all aspects of life. When it comes to high asset divorce, however, technology can make it difficult to reach a fair and favorable outcome. It is imperative that spouses understand how digital data is stored, and how it might be retrieved and resurrected within a divorce case.

Don't make big financial moves prior to high asset divorce

As a Maryland couple prepares for divorce, there are a multitude of things that must be addressed. This is true no matter how wealthy a family may be, but those who are facing a high asset divorce will have even more prep work than couples who have fewer assets to divide. When faced with a high asset divorce, it is absolutely imperative to avoid making any big financial moves in the timeframe leading up to the divorce. Doing so can lead to accusations of depleting martial wealth, which the courts take very seriously.

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