If you are ending a marriage with substantial assets, it can be a complex process. You probably have a lot of different types of investments, including stocks and real estate. If one or both of you were wealthy beforehand, you probably have a prenuptial agreement.
When spouses are civil, you will still have a complex case. When you cannot agree, you can experience litigation. That is because there are ample funds at stake here. The best thing for this situation is to know what you could face. High-asset divorces come with specific issues. Here is what you might face in your divorce.
Prenups are not always set in stone. Sometimes a court might choose not to enforce a prenup. For example, if you faced fraud or coercion in creating the prenup, the court can dismiss it. Additionally, prenups that favor one spouse over the other are often discounted. Finally, if you were unaware of your spouse’s financial status when you signed the prenup, you can also try to dismiss it.
While state law does not require it, having your assets valued in a divorce is a good idea. The court needs the exact values of your real estate, businesses and personal items to create a fair settlement. While valuation is time-consuming and expensive, it is worth it.
You must know what to do next if you are ending a high-asset marriage. While the process is complex, it is the only option for moving on with your life.