Most Kansas residents have experienced unexpected situations in life that prompt major lifestyle changes. For instance, sudden loss of income may cause someone to have to sell a home and relocate to an area where employment is more readily available. When unforeseen circumstances involve a high asset divorce, thorough preparation before heading into proceedings may increase the chances of obtaining a satisfactory settlement.
Hopefully, adequate documentation has been kept throughout the duration of a marriage headed for divorce. When substantial assets are at stake, bank records, investment information and all other financial documents are crucial components of marital property division. Kansas is an equitable division state, which means the court will determine a fair distribution of marital assets, although perhaps not a 50/50 split.
A forensic accountant can help a concerned spouse make certain that all assets are fully disclosed by the other spouse. Unfortunately, high asset divorces often lead to situations where one spouse tries to stash money or otherwise hide assets to keep them from becoming subject to division. This is illegal and the sooner such actions are revealed and dealt with, the better.
Another valuable resource available to anyone in Kansas preparing for a high asset divorce is the services of an experienced family law attorney. Acting alongside guidance from one who is well-versed in property division laws and who understands the complexities involved in high asset situations can mean the difference between a swift and agreeable solution and a long, drawn-out court battle. Especially when one spouse refuses to cooperate or compromise to achieve a fair settlement, an experienced attorney can provide much needed support.
Source: awesome-oil.com, “The Importance of Working With A Divorce Attorney“, Accessed on April 10, 2018