High Asset Divorce
How Should I File My Taxes While Going Through a Divorce?
Posted in Divorce,Divorce Mediation,High Asset Divorce on February 29, 2024
You may be going through a divorce but still have to file your taxes. In this instance, do not delay getting your taxes done. If you do not file them in accordance with IRS guidelines, you face penalties. At the same time, you can prepare for your divorce proceedings and consider how you will file… read more
High asset divorce, regular divorce have a wide range of causes
Posted in High Asset Divorce on February 14, 2019
When engaged couples in California decide to marry, they typically anticipate that their marital unions will last a long time. Of course, life happens, and sometimes, irreconcilable differences end up driving two spouses apart. Research shows that a tenth of people who are 15 years old or older have experienced high asset divorce or regular divorce… read more
High asset divorce differs from typical divorce proceeding
Posted in High Asset Divorce on January 24, 2019
The financial aspect of the dissolution of a marriage can be intimidating no matter how few assets or how many assets a couple may have in California. However, the more assets a couple has, the more complicated the property division process may become. Here is a look at a couple of specific reasons why a high… read more
High asset divorce involving business can be complicated
Posted in High Asset Divorce on July 5, 2018
The dissolution of a marriage can be tough to navigate both emotionally and financially. However, it can be especially challenging when a business is involved. Here is a look at what to expect during a high asset divorce involving a business venture in California. Business partnership agreements cover a multitude of situations, but the dissolution of… read more
Alimony a consideration for some high asset divorce proceedings
Posted in High Asset Divorce on June 1, 2018
Alimony is soon changing in this country. For individuals in California dealing with a high asset divorce, the timing of one’s divorce can soon become important. A change in the tax code brought about by the Tax Cuts and Jobs Act will now make alimony payments non-deductible for any divorces made after 2018. Individuals in… read more
High asset divorce for basketball couple
Posted in High Asset Divorce on April 19, 2018
Two professional basketball players have reached a final settlement after a breakup. The pair, both stars in their chosen profession, have earned a lot of money playing the sport, making theirs a high asset divorce. They are also parents who will be determining support and custody for their child. California residents may notice an unusual… read more
During high asset divorce, couple exchange net worth information
Posted in High Asset Divorce on April 12, 2018
A famous politician and his wife are calling it quits. Former mayor Rudy Giuliani and his wife have decided to end their marriage after 15 years. The split promises to be a high asset divorce, and both couples have already retained counsel for what will likely be a contested divorce proceeding. California couples observing the… read more
High asset divorce affected by new tax code
Posted in High Asset Divorce on February 21, 2018
During the process of ending of a marriage, the two parties will need to settle important financial details. When a separating couple has significant assets between them, alimony payments could be part of the financial settlement of the high asset divorce. A recent change to a long-standing tax policy may have these high-asset couples rushing to… read more
High asset divorce can be affected by prenuptial agreement
Posted in Celebrities,High Asset Divorce,Prenuptial Agreements,Property Division,Spousal Support on October 17, 2017
California is often host to high profile celebrity divorces. One such case that recently settled in another state illustrates some of the principles that are common to high asset divorce cases. The matter involved the divorce of Richard Stephenson, the founder of Cancer Treatment Centers of America, and his spouse of many years, Alicia Stephenson…. read more