Navigating the end of a marriage in Missouri can be overwhelming for any couple but especially for those with high-value assets. Fortunately, detailed preparation and maintaining open communication with the other party may help make the process faster and less stressful. Here is a look at what high-level financial preparation and communication look like when two spouses who are getting divorced have high-value assets.
Divorce preparation and communication
Individuals who are going through a divorce involving high-value assets should have a clear understanding of all their individually and jointly owned assets. These may include business holdings, investments and real estate. Comprehending each asset’s details and value can help people going through divorce to make wise decisions and ensure their marital property is distributed fairly during the divorce. It may also help prevent misunderstandings and limit conflicts as the two spouses going through divorce work toward a mutually satisfactory resolution.
Married couples with high-value assets who are getting divorced may also want to engage in open conversations regarding their financial expectations and ambitions. This may help prevent holdups stemming from confusion during the divorce proceeding. Frequent discussions and check-ins might further help the two parties main civility as they seek to transition smoothly into life post divorce.
How an attorney can help
A family law attorney in Missouri can help anyone who is going through a marital breakup involving high-value assets seek a fair settlement with the other party while keeping the client’s best interests at the forefront of the legal proceeding. If the spouses cannot find common ground when it comes to matters like debt division or spousal support, the attorney will be prepared to litigate these matters in family court. Either way, the attorney will ensure that his or her client’s rights are protected at each stage of the divorce proceeding.