de Beer & Associates, P.A.

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Posts tagged "Financial Holdings"

No prenuptial agreement could mean bitter divorce fight

As Minnesota readers already know, complex asset division typically accompanies high-asset divorce. From financial holdings and family-owned business to real property and investments, complex asset division can take time and money. That is just one reason family law attorneys encourage high-asset clients to obtain prenuptial agreements. Minnesota high-asset couples may enjoy the following blog on high-asset divorce.

High-asset divorce and the benefits of prenuptial agreements

Divorce is never easy, no matter how much money a person has. In fact, when a couples files for divorce, money can actually complicate things. That is one reason why attorneys are so quick to recommend that high-asset couples prepare prenuptial agreements before they wed. While a prenuptial agreement may not fix every problem, it can expedite the divorce process significantly when there is a complex asset division involved.

Property division and the benefits of a prenuptial agreement

High profile, high asset divorces are often complex. The reason that such divorces take so much time and resources is the complex asset division. Dividing assets is never easy. From negotiating who gets what to deciding the best means of disposition, the process can be arduous. One way to avoid this is to enter into a prenuptial agreement. To understand why a prenuptial is a good idea in certain instances consider the recent divorce case of oil baron Harold Hamm.

Complex asset division and the importance of property valuation

There are many reasons couples stay together long after a marriage has fallen apart. Sometimes married couples stay together because of the children or their religious convictions, other times couples choose to stay together because of money. While financial matters are always an important issue in a divorce, when a married couple operates a family-owned business, the consequences of a divorce can seem particularly perilous.

Updating legal documents once the divorce is finalized

In a high-asset divorce, there are many complex issues that need to be addressed both before and after a divorce is finalized. During the divorce itself, couples focus on custody rights, complex asset division and financial support concerns. After Minnesota couples finalize their divorce, it is important that they revisit a number of important legal documents. The following is a brief overview of some of these legal documents and why they matter.

Divorce agreements and the new federal tax law

For many Minnesota couples considering divorce, the cost of divorce can be overwhelming. What few people know, however, is that the real costs of divorce are not attorney fees or court costs but rather taxes. Unfortunately, the recently enacted federal tax law, which went into effect at the beginning of 2013, will likely cost wealthy Minnesota couples a whole lot more. Minnesotans considering divorce might find the following blog on taxes and divorce helpful.