When Kansas spouses decide to go their separate ways after a marriage that has lasted 10 years or more, they often encounter many challenges regarding important issues that need resolved first, such as those having to do with property division or child custody. In a high asset divorce, such issues can be quite complex, especially if one or both spouses owns a business or a diverse investment portfolio. There are several things to keep in mind to help avoid settlement problems.
Especially regarding property division, it is always best to take a thorough inventory of one’s assets ahead of time. Such proceedings require full disclosure by both spouses, not only concerning assets but also existing debt that was incurred during the marriage. If a spouse suspects the other party of hiding assets, it’s a good idea to reach out for immediate legal support for help to gather evidence and request the court’s intervention.
Child support is another central focus where disagreements might arise in a high asset divorce. The income levels of both parents are taken into consideration before the court issues a ruling. If you gave up a career to stay home and raise your children, you may be planning to ask the court to order your ex to make payments to help provide for your kids’ financial needs, especially if your potential earnings would likely not be enough for your children to maintain their current lifestyle.
If you and your spouse are able to amicably discuss high asset divorce issues without contention, you may be able to write the terms of your own settlement and merely seek a Kansas court’s approval. When litigation is necessary, it pays to have an experienced family law attorney on your side. The Law Firm of Kevin Stuart Cavanaugh is committed to providing guidance and support that helps you protect yours and your children’s interests so that you can walk away with all that you’re entitled to, and we can also help you draft a clearly written co-parenting plan to help lay the groundwork for your new lifestyle.