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High Asset Divorce Archives

How to organize finances and prepare for a divorce

California couples who are considering divorce may wonder how they can prepare their finances. They may be getting advice from family and friends, but if that advice comes from other situations, it may not apply to them. It may be better to consult professionals, such as an attorney or a certified divorce financial analyst, rather than relying on the experiences of others.

"The Talk" co-host will pay ex-husband $2 million

There are some California assets that are being divided in the divorce between the co-host of the TV show "The Talk," Aisha Tyler, and her husband of more than 20 years, Jeff Tietjens. However, rather than have the decision be made by a judge, the estranged couple was able to come to an accord in an amicable fashion.

How does a forensic accountant help in high asset divorce?

Divorce is complicated and frustrating under the best of circumstances. If you and your former spouse are having difficulty agreeing to a fair division of assets or custody arrangements, it can be a very difficult process.

3 considerations for women in high asset divorces

Once your husband files for divorce, you must take steps to protect yourself. This doesn't mean in the physical sense. Instead, you have to ensure that you protect your financial future. The property division settlement is the way that you do this. If you are going through mediation, you and your ex work together to determine the settlement. If this isn't possible, the court determines how to handle the division. In either case, knowing what to expect and what to consider can help you to remain as stress free as possible.

Divorce and the family business

When California couples divorce, if they also own a business together and do not have a prenuptial agreement in place that deals with it, they will have to decide how to divide it. While one person might want to buy the other out, this could be difficult if that individual's money is largely invested in the business itself. In this situation, it may be possible to get a bank loan or to sign a property settlement note that allows the individual to pay the other person back over time with interest.

High-asset divorce on the way? Invest in your future now

If you have been fortunate enough to acquire significant assets, then you know that more money can indeed mean more problems. This is exceptionally true when it comes to divorce. While couples who do not have much of an estate may be able to call it quits with relative ease, significant potential marital property makes the process exponentially more difficult.

Protecting your small business in divorce starts yesterday

Divorce is rarely a simple matter. For those who have built a business from the ground up, the prospect of ending a marriage takes on a much greater weight than it does for those who are merely ending a marriage.

Community property laws in California can be unforgiving

The community property laws in California require family law judges to divide marital assets equally even if the couple involved have only been married for a short time or come from very different economic backgrounds. This is one of the reasons that prenuptial agreements are so popular there, and worries about the outcome of costly and public litigation may prompt affluent California couples to make every effort to reach an amicable settlement during property division negotiations.

Divorced women over 50 are more likely to fall into poverty

A woman over 50 who is considering a divorce in California may want to think about the effect the separation could have on retirement. A study produced by two economists found a relationship between the age that a woman divorces and the chances that she will still be working full time later in life. A survey of nearly 56,000 women showed that those who ended their marriages in their 50s ended up working jobs into their 70s 10 percent more often than those who divorced prior to age 30.

Finance and divorce

Although divorce rates have fallen over time, the California court system continues to deal with a substantial number of divorces each year. The average length of a marriage that is ended by divorce is eight years, and approximately two of every five first marriages end in divorce. Age is a significant predictor of divorce as more than 35 percent of men and women marrying between 20 and 24 years of age will later split up. Money is one as well, claiming the top spot among issues leading to breakups.