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Are high assets a hurdle in divorce?

| Aug 9, 2019 | family law

As Indiana residents going through a divorce, you and your spouse will eventually have to deal with the division of your shared assets. However, the more assets you have, the more complex matters of division and support payments can become. At Katzman & Katzman, P.C., we work to help you through these difficulties.

The biggest potential issue when it comes to high asset divorces is the fact that spousal support, alimony, and child support payments are all determined based on you and your spouse’s financial situation at the time of the split. Naturally, you expect to get the full amount possible in order to keep yourself financially afloat.

However, there have been cases in which a spouse attempts to hide some of their assets in order to falsely lower their total net worth. In doing this, they are able to avoid giving you the full payments you would otherwise be receiving. Unfortunately, this is more of a problem in high asset divorces due to the fact that assets are easier to obscure when there are more of them.

Another potential problem involves dividing large shared assets like retirement funds or joint checking or savings accounts. The higher the amount of money or value, the more likely it is for arguments to get heated.

Do you have higher assets than some of your peers? Are you concerned about asset division and spousal support payments being handled fairly? If you are, consider taking a look at our web page on family law, linked above. Contacting experienced attorneys to learn more about the best options for your own specific situation can also help.