Going through divorce can have its challenges for any couple. However, some couples have financial details that could make their cases even more complicated. When there is a substantial amount of wealth and complex assets involved in the property division proceedings, it is not uncommon for divorces to see conflict.
You may wonder how your divorce case will turn out and undoubtedly want to reach the best outcomes possible. As a result, you may need to make a close assessment of the details involved in your case and determine where you could make the best arguments for the outcomes you desire.
Is there a prenup?
It is not uncommon for individuals, especially those with considerable wealth, to utilize prenuptial agreements. You may have signed the document in good conscience at the time, but over the years, your spouse’s circumstances may have changed.
For instance, if your spouse started a business when you first married and you signed a prenup that included terms about the business assets, you may not have questioned it because the business had garnered little success. However, if the business became a multimillion-dollar endeavor in the years after your marriage, you may consider challenging the prenup because the circumstances changed so significantly.
What assets are involved?
When a considerable amount of wealth is involved in a marriage and subsequent divorce, many people immediately think of actual money. While dividing funds is certainly an important part of your divorce case, you may want to remember that other assets are important to explore. Does your spouse have equity in a start-up company that is showing promise? Does he or she have restricted stock that could provide significant benefits after meeting certain stipulations?
Dividing these and other complex assets can make property division proceedings more difficult, but it may be worth your while to ensure the assessment of all the assets, and that you understand your potential claim to them.
When going through a particularly complicated divorce, you certainly want to have the right information on how to make the best of it. It is also important that you have support during this time; therefore, working with an experienced Arizona divorce attorney is likely in your best interests. Discussing your concerns, state laws, details of your marital assets and other factors of your case could help you prepare.