When a Minnesota couple chooses to part ways and get a divorce, there are numerous issues that must be navigated. If it is a divorce with significant assets and hefty financial holdings, it's likely that the disputes will be more intense as to which side will receive what once the divorce is completed. With family-owned businesses, business assets and a complex asset division, it's inevitable that the sides will try to find ways to keep as much as they possibly can.
In Stillwater, when a couple chooses to end their marriage and file for divorce, there are numerous factors as to how the estate will be divided. This is made even more complicated when there are substantial financial holdings that are likely to be in dispute. This is especially frequent with people who are public figures or who have a job that has accumulated large business assets.
People in Stillwater, Minnesota who are ending their marriage have enough on their minds without having to worry about a spouse attempting to hide assets that they don't want to be part of the settlement. When there is a divorce, some couples are able to come to an agreement regarding the assets and do so in an amicable manner. If, however, there are business assets, a complex asset division, significant financial holdings and real property, there is more of a chance for disputes and attempts at sleight-of-hand.
For couples in Minnesota who have significant assets, the process of divorce can be exponentially more difficult than that of a couple with limited assets. In many instances, there are substantial business assets that will be difficult to separate as the process moves forward. Each side might claim to warrant a larger piece of the financial holdings than is agreeable to either. With family-owned businesses with each side laying claim to its growth, the issues can get disagreeable and difficult.
In Stillwater, a couple choosing to part ways and end their marriage is difficult enough. When there are significant financial holdings and a high-asset divorce, it can grow even harder. When navigating the harsh terrain of a marriage ending, there might be real property, a complex asset division and business assets that must be sifted through with both sides staking a claim for them.
Anytime a couple in Stillwater chooses to end their marriage, they will have numerous issues to sort through. A divorce, no matter the circumstances, will have financial and personal aspects that must be waded through. In some cases, the sides are in constant battle. The more significant financial holdings, the more likely it is that there will be disputes over who will get to keep what once the proceeding is finalized.
Many family law professionals rave about the benefits of a prenuptial agreement. While prenuptial agreements can benefit almost any couple, regardless of their age or income, prenuptial agreements provide an added benefit to older couples with sizeable estates. Minnesota couples over the age of 50 who are thinking about marriage may want to learn more about their options when it comes to estate planning and prenuptial agreements.
In every divorce case, finality is one of the main objectives. Unfortunately, sometimes, finality can be hard to achieve. This is especially true in the case of some high-asset divorces, involving complex asset division. Making matters worse, the costs associated with not achieving finality is high financially and emotionally. Minnesota readers might find the following blog about an on-going high-asset divorce dispute interesting.
Minnesota readers probably have some general perceptions and opinions of prenuptial agreements but what readers may not have necessarily understand is the delicate nature of drafting a good prenuptial agreement. The effect of a poorly drafted prenuptial agreement can be devastating, going so far as to leave the prenuptial invalid. There are key elements to consider when drafting a prenuptial agreement in order to ensure the protection of assets and parties in a high-asset divorce.
When wealthy couples divorce, the legal proceedings can be trying. This has little to do with the state of the relationship but the difficulty that comes with complex asset division. Larger estates and more wealth may mean there is more to divide, which can be tricky. But dividing property in small estate can still present some complications