High Asset Divorce: 5 Things You Need to Know

High Asset Divorce

At Eric C. Cheshire, P.A., we know how to approach a high asset divorce.  Here are just some of our top tips for you.

Take Your Time

Often, people getting a divorce seek to rush the process. This is rarely beneficial.  Particularly in a high asset divorce, taking your time is essential to a fair and equitable settlement.  Property must be valued, future earnings must be calculated, and debts must be assessed.  These things take time.

Carefully Account for All DebtsHigh Asset Divorce

One of the biggest mistakes made in high asset divorces is a failure to account for all debts.  It is in everyone’s best interests to avoid this mistake.  Debts must be identified so they can be included in the final divorce decree.  Failure to do so could result in an inequitable division of assets and debts. read more

Providing Age Appropriate Divorce Disclosure

Divorce Disclosure

When couples divorce, they spend a lot of time discussing how they might separate the marital property, how they will divide parenting time with the children, and who will have what legal rights and responsibilities to the children.  Many couples, however, are at a loss as to how to tell their children about the divorce.  Divorce Disclosure

Embracing an age appropriate strategy minimizes confusion.  While adults see a divorce as something with many moving parts, children crave concrete, child specific information.  Below are age appropriate disclosures at any age. read more

What Divorce Can Teach You About Starting Over In The New Year

Happy New Year

Now that the holidays are behind us and a new year has begun, many people start to reflect and evaluate where they are in their life path and the decisions they’ve made up to this point. Because of this, January is the month when many couples file for divorce each year after they have had some time to ponder their past and future.

Since every relationship, couple and individual is different, so are the reasons for deciding to divorce in the new year. For some, the relationship stayed together through the holidays for family and children. For others, the season was filled with social commitments and work obligations keeping both partners busy and moving forward with plans, even if things didn’t ‘feel quite right’.  Once the holidays wind down, and it’s time to get back to a routine, one or both partners may decide it’s simply time to start the new year in a new way, to take a path that is best suited for them alone. read more