Easing The Stress Of Your Family Law Matter

Know what factors impact which assets in a divorce

On Behalf of | Dec 20, 2019 | High-asset Divorce

A high-asset divorce is often a challenge because you have so much to work through. These are often valuable assets that must be considered carefully. Many people who are in this position choose to go through mediation to resolve the question of what assets are going to which person. We know that this might seem daunting at first; however, you may be able to work out a favorable outcome.

When you are preparing for mediation, you need to let go of the concept that everything must be split up equally. Instead, you have to think more about what is going to be beneficial to you. Since you are being reduced to only your own income due to the divorce, you might not be able to afford to keep some of the higher value assets, especially those that come with upkeep or recurring costs.

You should sit down before the first session and review your budget so you know what you can afford. For example, trying to keep the vacation home might seem like a good idea until you realize that it is going to take a good percentage of your income for the loan payment, insurance, fees, taxes and upkeep costs.

We know that you might have some questions about what’s possible in your case. We are here to help you determine what options you have. This can help you ensure that you aren’t being pushed into doing something that only benefits your ex. We are here to stand beside you as you try to work out the terms of the divorce during mediation.