High-asset divorce cases in Pennsylvania can get complex in a hurry. In addition to all of the usual legal issues that can come up in such cases – child custody, child support and alimony, for example – high-asset divorce cases oftentimes need to address complicated financial situations as part of the property and debt division process. These unique issues need special attention in the case.
Addressing your assets
Every divorcing couple has a different financial situation and, as a result, unique factors and potential solutions may come up in any given case. For example, one of the more complicated of financial factors for some divorcing couples is difficulty in valuing business interests or assets such as artwork. For others, retirement accounts and potential tax implications from a divorce take centerstage in the case. In still other cases, one spouse or the other may have concerns that their soon-to-be ex-spouse has “hidden” assets somewhere. If any of these issues come up in the property and debt division aspect of a high-asset divorce case, the end of the case may not seem like it is in sight anytime soon.
But, that all depends on the divorcing couple. Even in high-asset divorce cases, where the issues can seem so complicated, there usually is a path forward to attempt to find solutions. While it might seem like the issues will eventually get bogged down in courtroom litigation, there is always the possibility of other options as well, such as mediation or direct negotiations between the parties.
In the end, how a divorce case proceeds, and eventually ends, is largely based on the attitudes and approaches of the divorcing spouses. At our law firm, we understand that high-asset divorce cases involve unique issues of significant financial magnitude. We do our best to make sure our clients know their options. For more information, please visit the high-asset divorce overview section of our law firm’s website.