How do you handle a high asset divorce?

Pennsylvania has certain laws that help determine who gets what during a divorce. Though these issues can be less problematic for those with fewer assets, if you have a lot of assets they can create some unique hurdles.

FindLaw takes a look at some tips for handling high asset divorces, which can have its own unique set of problems to overcome in addition to the usual struggles involved with divorces. The first tip is to keep track of the assets you actually have. This can get more confusing depending on how many sources there are. For example, assets will include retirement funds, savings accounts, businesses, and anything inherited from others after their passing. Knowing exactly what you have will allow you to avoid complications if more assets are found after divisions are finalized.

Though your spouse and the courts need to know everything in detail, the second tip involves keeping outsiders from knowing your information. This includes friends or family, who can be notified after the divorce is finalized but should not be privy to sensitive financial information regardless of their closeness with you. You can even ask for documents to be sealed in court, which prevents everyone but the related parties and court to view them.

Finally, it is advised that you seek the assistance of an attorney. Because of the complex nature of asset division and the laws tied to it, making mistakes can be costly, time-consuming, and even illegal in some cases. It may be better to have a professional on your side who knows what they are dealing with.

No Comments

Leave a comment
Comment Information
EMAIL US FOR A RESPONSE

Contact Us Now To Discuss Your Legal Needs

We know you have questions, and we will be happy to provide you with the answers and sound counsel you need. To get started, call our office in Wyomissing toll free at 888-434-9531 or fill out the form below. We will return your call or email promptly.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Huckabee, Weiler & Levengood, P.C.

1136 Penn Avenue
Wyomissing, PA 19610

Toll Free: 888-434-9531
Phone: 610-285-8386
Fax: 610-378-9896
Wyomissing Law Office Map

Review Us