No one ever said that divorce was an easy process, but with a little education and preparation it can be a lot easier than you might think. Whether you are dealing with a high-asset divorce or a modest one, having all of your ducks in a row can make the whole process less stressful, less time consuming, and less expensive. Minnesota couples may find a recent article on divorce and preparation interesting.
Dividing retirement assets in divorce
High asset divorce can be a complex and time-consuming process. This is especially true when there are complex assets in need of division like retirement funds and business assets. Fortunately, there are professionals with the experience and technical know-how necessary to deal with a complex asset division for Minnesota couples dealing with a divorce.
Protecting a family business in a divorce
When married couples go through a divorce in Minnesota one of the obligations of the courts is to ensure that there is a proper and fair division of the couple's marital assets. While any given marital asset can be complicated to divide, some of the most complex assets to divide are family-owned business.
Wendi Deng and Rupert Murdoch settle divorce amicably
In some situations, a high-asset divorce with complex asset division can be downright difficult. Fortunately, it is possible for high-asset couples to reach an amicable divorce settlement agreement, no matter how much money or property is at stake in the divorce asset split. Minnesota readers may be interested in the recent divorce between billionaire media mogul Rupert Murdoch and ex-wife Wendi Deng Murdoch.
Protecting wealth 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
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.
Billionaire divorce and the effect on family business
Divorce is never easy, especially when a family-owned business is at the center of the dispute. While few Minnesota residents have family-owned businesses comparable to Harold Hamm, the oil-tycoon and CEO of Continental Resources discussed last week, and Rupert Murdoch, the Australian media mogul who recently filed for divorce from his third wife, readers can likely learn a thing or two from these entrepreneurial giants.
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.
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