Individuals who are going through a divorce can quickly become overwhelmed by the process. This is often especially true when a couple has a complex portfolio of assets and investments and owns multiple properties. In high-asset divorces, it can not only be difficult to discover, identify and value assets and property; but also to determine and agree upon how such assets and property should be divided.
For any parent who is going through a divorce, concerns related to child custody are often top-of-mind. Many divorcing parents have questions about how custody decisions are made as well as if these decisions can be appealed or amended. While it’s typically easiest and best and when parents are able to agree about the terms of custody and visitation, this unfortunately often isn’t the case in high-conflict divorce cases.
At any age, going through a divorce is likely to be a difficult and painful process. However, for individuals who are nearing or in retirement, divorce can be particularly difficult--from both an emotional and financial standpoint.
There’s a saying related to the notion that money makes the world go round. In some respects, this saying rings true as money is certainly something you need to afford life’s basic and, not-so-basic, necessities. There’s also, however, a saying related to the belief that money is the root of all evil and, when it comes to the relationship between spouses, the results of a recent national poll confirm that money is often the source of marital strife.