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Settling a high-asset divorce in Pennsylvania

by | Aug 26, 2014 | Family Law

Making the decision to begin the process of a high-asset divorce in Pennsylvania is not always easy and can be full of anxiety for many people. Some spouses may worry about receiving a fair distribution in their high-asset divorce that they may not have been responsible for managing during the time of the relationship. When a legal separation is confronted with planning and strong negotiation, a person may have the opportunity to obtain a favorable settlement that can provide financial security well into the future.

Some people may decide to take an inventory of their shared wealth as they begin their divorce process. It can be beneficial to collect and organize all bank statements and investments for professional review to ensure all marital assets are presented for division. A spouse may also feel inclined to check any safe deposit boxes that were used during the time of the marriage as well as tax information for any missing or hidden financials.

A couple that has created vast retirement investments or is provided family benefits from their employer may face a unique situation, depending on each spouse’s independent need post separation. This may include insurance coverage or spousal support as well. Many factors, such as child custody arrangements and the ability to earn an income, may be taken into consideration by the courts.

Some professionals may be able to aid in document review, which includes transferring of personal assets or a large purchase that may be necessary while the separation process is underway. Dividing extensive savings and accounts can require a fair amount of attention and knowledge. A person in Pennsylvania who chooses to leave a financially secure marriage may settle a large amount of wealth during his or her high-asset divorce and desire help with the process.

Source: The Huffington Post, “Sudden Wealth From a Divorce?“, David A. Dedman, Aug. 21, 2014

Source: The Huffington Post, “Sudden Wealth From a Divorce?“, David A. Dedman, Aug. 21, 2014