What areas require special attention in a high asset divorce?

On Behalf of | May 22, 2019 | divorce | 0 comments

A high asset divorce in Kentucky is a little different than your average divorce. There are special considerations due to the value of assets you and your spouse have. You need to be aware of the specific areas to keep an eye on during your proceedings. You want to be sure that everything gets taken care of properly.

Forbes explains that to begin with, you need to pay close attention to all financial calculations. When dealing with large numbers or multiple assets where you are adding many numbers, it can be too easy to make a mistake. Pay attention when doing calculations and always double check your numbers. Even a small error can cost you big in the end, so keep that in mind.

You also need to be careful when valuing stocks. Make sure to have a professional handle this. There are too many details and calculations that are easy to mess up. You want to ensure you get the correct valuation because when the court splits your stock holdings, you want it to be fair.

Life insurance is another area to watch. These policies have complex structures and can be quite confusing. Make sure to review them and understand them well before offering them up in a divorce.

Finally, make sure to scrutinize lifestyle maintenance costs. Gather documentation and check everything. You do not want to get taken advantage of by overinflated lifestyle costs or lose out because you underestimated them. This information is for education and is not legal advice.

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