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Defending Your Rights to Your Property
When a couple decides to end their marriage and get a divorce, the division of assets can become a heated and complex process. If one spouse is deemed to have a high net worth, it becomes even more important for them to protect their assets. This can be done in several ways, including by hiring a high-net-worth divorce attorney, negotiating a settlement agreement, and drafting a prenuptial agreement. In this blog, learn how to protect your assets during a high asset divorce.
Drafting a Prenuptial or Postnuptial Agreement
If you are getting divorced and have a high net worth, it is important to protect your assets. One way to do this is by preparing a prenuptial agreement. A prenuptial agreement is a legal document that outlines how assets will be divided in the event of a divorce.
Some people believe that prenuptial agreements are meant for wealthy individuals or people with complicated assets, but this assumption is not true. The truth is that anyone can experience the benefits of having a prenuptial agreement, especially if they own their own business or have a significant number of assets.
If you and your spouse have already married, it is not too late to protect your assets. You can draft a postnuptial agreement, which is similar to a prenuptial agreement. A postnuptial agreement is a legal document that outlines how assets will be divided in the event of a divorce.
If a prenuptial or postnuptial agreement sounds like a good plan to protect your assets, you should consult with an experienced attorney. An attorney can help you understand the benefits and drawbacks of these agreements and can help you create an agreement with key terms that meet your needs.
Negotiating a Settlement Agreement
Another way to protect your assets in a high-net-worth divorce is by negotiating a settlement agreement, which is a legally binding document that outlines how assets will be divided between the divorcing spouses.
The advantage of coming to terms on a settlement agreement is that it can help avoid a lengthy and expensive divorce trial. If you and your spouse can come to terms on how to divide your assets, you can avoid going to trial, thereby saving you time and money.
However, it is important to note that not all divorces can be settled out of court. In some cases, couples are unable to reach an agreement on how to divide assets. In these cases, the couple must go to court and present their cases before the judge as they work to determine how to divide assets.
The Experience of a High Net Worth Divorce Attorney
If you are going through a high-net-worth divorce, it is important to choose an experienced divorce attorney. A high-net-worth divorce is different from a traditional divorce in many ways, and it is crucial to work with an attorney who understands how to protect your assets.
A high-net-worth divorce attorney will work with you to protect your assets and ensure that you receive a fair settlement. If you are going through a high-net-worth divorce, contact an experienced family law attorney as soon as possible in order to give yourself the best chance at success.
Nevada High Net Worth Divorce Attorneys
At Ford & Friedman, our team of high-net-worth divorce attorneys can help you work through the complexities of asset division, even if the most difficult assets are involved. We know how important it is to protect your property rights, which is why we are committed to helping our clients defend their rights and achieve the best possible outcome that meets their needs.
Learn more about how we can help with a high-net-worth divorce or schedule a consultation by calling (F:P:Sub:Phone) or by visiting our website and using our contact form.