What Assets are Considered in a High-Net-Worth Divorce?

What Assets are Considered in a High-Net-Worth Divorce?

In a divorce process, one of the most challenging parts is dividing assets. This is why if you are going through a high-net-worth divorce, you will need to retain the services of an experienced Pennsylvania divorce attorney that can help ensure that you and your future are protected. Continue reading to learn more about how you can guard your assets during your divorce.

How can I protect my assets during my divorce?

In best scenarios, the protection of assets is established through the aid of a prenuptial agreement. A prenuptial agreement is a document that determines how the assets between two spouses will be split in the event that they get divorced. Prenuptial agreements usually have a negative connotation, making it a difficult issue to bring up with your spouse. However, it is important to note that prenuptial agreements do not indicate or predict divorce, but rather their main purpose is to provide financial security.

If you get married without creating a prenuptial agreement and later regret that choice, you and your spouse will be able to create a postnuptial agreement. A postnuptial agreement is the same document, that is just created and signed after you and your spouse have been married. In some cases, couples choose not to produce prenuptial or postnuptial agreements.

If you have large assets, it is important that you are financially protected in the event that you and your spouse divorce. Do not hesitate to reach out to our experienced firm today to discuss your options and the possibility of creating a prenuptial or postnuptial agreement. At the Law Offices of Ilkhanoff & Silverstein, we are dedicated to ensuring that you and your future are always protected.

What assets are considered in a high net worth divorce?

There are many assets to be considered in a divorce, and no divorce is alike. Some of the most typical assets that are involved in a high net worth divorce include real estate property, rental property, stock options, bonds and mutual funds, retirement savings, pensions, business, partnerships, and more.

There are many types of large assets on the line during a high-net-worth divorce, which is why it is important that you have a skilled divorce attorney on your side throughout this process.

CONTACT OUR EXPERIENCED PENNSYLVANIA FIRM

We understand that going through the legal system alone can be both confusing and highly stressful. That is why it is our job to help you through every step of the process ahead. For years, we have been helping clients throughout Lancaster County and its surrounding areas through a wide range of legal matters, including personal injury cases, criminal defense matters, family law issues, estate planning law matters, and more. If you need legal assistance, we are here to help. Contact Ilkhanoff & Silverstein today. 

Read Our Latest News and Blogs