Divorce is a complicated matter, and it brings in mental, emotional, and financial instability in your life, regardless of the value of your case’s net worth. The emotions associated with a divorce are heightened as the complexity of the case increases. The higher the net-worth of a case, the more complicated things get in a divorce. Liquid assets that total to $1 million or higher fall under high-net-worth divorce cases.
As compared to couples with well-defined or limited assets, couples with complicated and high-net-worth assets have to face more challenges. Real-estate partnerships, closely-held business interests, stock options and voting rights, and deferred compensation are the type of financials that complicate matters. The right approach in such cases is to leave the task of determining the value of the assets to the professional family lawyers. It is essential because, in such high worth cases, it becomes very difficult to identify community and separate property in community property states such as California.
Here is a list of smart ways to effectively handle high net-worth divorce cases to make things a little less messy and complicated for you!