Divorce can bring out the worst in some people, especially during the asset division process. Indiana follows an equitable division process, which means assets are divided based on what is fair rather than strictly equal. However, some spouses believe they have an...
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Divorce
Who keeps the country club membership in a divorce?
When married couples go through a high-asset divorce, dividing the marital property can become quite complex. However, each shared asset must be valued and split between the former spouses. Let’s delve into one common asset shared by high-earner couples — the country...
Birdnesting may work well in a high-asset divorce
Birdnesting is a unique type of child custody arrangement. While most child custody setups require the children to move from one parent’s house to the other, birdnesting flips the script. It is the parents who move in and out of the house. For example, say that the...
4 roles forensic accountants can play in high-asset divorce
High-asset divorces involve complex financial concerns that can be difficult to navigate without professional guidance. When substantial wealth, business interests and investment portfolios are at stake, hidden assets and undervalued properties can significantly...
What does it mean to “dissipate” marital assets?
In a high-asset divorce, it’s very common for one spouse to allege that the other is trying to hide assets. For instance, maybe you just noticed that your spouse gave a large amount of money to a family member. Your spouse claims it’s for an old debt that they needed...
How marital collections can complicate high-asset divorces
Prioritizing their most valuable assets is common practice when couples divorce. High-asset couples with extensive marital estates may focus their negotiation efforts on investments, real property, vehicles and other highly valuable assets. Generally speaking, any...
Avoid these 3 common mistakes in the lead-up to a divorce
The outcome of your divorce can affect nearly every aspect of your life, from your finances to your relationship with your children. As such, it’s essential to approach the process with careful consideration and clarity. What you do before the divorce matters just as...
What should you know about preparing for divorce?
The decision to divorce is one that often doesn’t come as a surprise. Most people can see the signs of when it’s coming. If you know that divorce is on the horizon, it’s time to start preparing. Divorce is a comprehensive process that involves legal and financial...
What makes high-asset divorces more complex?
Divorces that involve significant wealth often come with added complications. These cases are not just about ending a marriage. They involve untangling financial ties that may have grown over many years. The higher the value of the assets, the more challenging it can...
What happens to business ownership in a divorce?
Going through a divorce is never easy, but if you or your spouse own a business, the process becomes more complicated. In Indiana, the court treats the business as part of the marital estate, so it’s subject to division. Whether it’s a small family business or a large...
