When a Kansas married couple is headed for court in property division proceedings, full disclosure on both sides is a requirement. In a high asset divorce, there may be numerous complex issues that are difficult to resolve. In fact, in many cases, litigation becomes necessary so that the court can make decisions for spouses who are unable to achieve an agreement on their own.
Not every Kansas marriage will last a lifetime. In fact, there may be someone reading this who is considering filing a petition in court because he or she wants to move on in life without his or her current spouse. If it is a high asset divorce, litigation can be complex and challenging.
Many Kansas readers may have been among others throughout the country who closely followed news stories regarding Amazon founder Jeff Bezos's divorce. The high asset divorce involved billions of dollars in assets, and analysts say Bezos's former wife, MacKenzie, knew what she was doing when she surrendered her shares in two companies in exchange for a 25% ownership in Amazon. She is now one of the world's wealthiest people.
When you and your spouse decided you no longer wanted to stay married, you no doubt understood that you would have to resolve numerous issues in order to achieve a fair settlement. In a high asset divorce, things can get messy, especially if one spouse refuses to play by the rules. Hiding assets is a common problem many people in Kansas and elsewhere encounter when the net worth of the marital property in question is high.
When celebrities end their marriages, it often makes front page news. Kansas readers who are contemplating divorce may wonder what they can learn from these news stories about the private lives of famous people. Many celebrities who have been involved in high asset divorce say one of their biggest regrets is that they did not sign prenuptial agreements before they wed.
As many Kansas couples know, it can take months, even years, to resolve divorce issues when spouses disagree, especially when such issue pertain to money. Superstar actor Robert De Niro is currently entangled in a contentious high asset divorce with his former wife, Grace Hightower. The judge overseeing their case recently scheduled the next proceeding for Valentine's Day.
Most people who get married believe that they'll stay that way, but sadly, that isn't always true. For wealthier couples here in Kansas, it can be difficult to determine how to handle a divorce settlement, especially at a time when emotions may be running high. Some people realize too late that they should have gotten a prenuptial agreement. However, there is another option for those who may be concerned about the possibility of a high asset divorce. A postnuptial agreement serves many of the same purposes as a prenup and there are several scenarios where a couple may decide it's the right choice for them.
A new year is just around the corner. Many people are busy writing lists and setting goals that they hope to achieve before 2020 will come to an end. Some married couples in Kansas have decided to go their separate ways after the start of the new year. Navigating a high asset divorce can be stressful and challenging, which is why it pays to be as prepared as possible when heading to court.
Many Kansas spouses decide to end their marriage but want to avoid getting tangled in a contentious, lengthy court battle. In a high asset divorce, there are often complex financial issues to discuss and resolve. However, it may still be possible to do so without requiring litigation.
Many married couples in Kansas and beyond fight about money. In fact, financial disagreements are a leading cause of high asset divorce. When spouses have different opinions about spending, budgeting, income, investing or paying bills, it can spark lasting, if not permanently damaging, consequences in a marriage. A group of financial analysts who conducted a survey say this issue ranks high as a leading factor in many divorces throughout the United States.