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Property division is complicated in high asset divorces

On Behalf of | Mar 2, 2020 | Property Division |

You spent years, maybe even decades, acquiring new assets, growing old ones and building wealth. But now everything that you worked so hard for could be at risk. In Alabama, high asset divorces have unique challenges that you must be prepared to meet. Here are a few things to consider when moving forward with the process.

Marital assets encompass virtually everything that you and your spouse have accumulated over the years. Some of those assets have significant emotional value, but many are also financially valuable and essential to your future. These types of assets take many forms and may include things like:

  • Real estate
  • Bank accounts
  • Savings accounts
  • Business interests

Maybe you and your ex-spouse are on pretty much the same page when it comes to who gets what. However, valuable assets can ignite significant emotional responses, so even if you think you are walking into an easy negotiation, everything might not work out how you would like. Things can get particularly complicated when assets like family businesses are involved, especially if your ex was not directly involved but still wants a share.

Of course, you do not want to leave your ex-spouse with less than his or her fair share of the marital assets. But this does not mean that you have to give in to every request or give up assets that are important to you. Our firm is proud of the guidance we have provided to people just like you who are struggling with the complicated aspects of high asset divorces. You can learn more about this process, property division and Alabama family law right here on our website.