In our previous blog post, we discussed some of the economic effects of divorce. For people who don't have a lot of assets, the impact of the divorce is often negligible. In those cases, the loss of a second income might have a bigger effect than losing half of the marital property. For people with considerable assets, the loss of half of the assets is likely going to cause financial difficulty.
When you start to consider assets like business holdings, retirement accounts and a variety of real estate holdings, it is easy to see how losing half of those could create a hardship for the divorcees. With that in mind, we work hard for you to ensure that you get a settlement that puts your interests first. We want you to start your new life off with the best economic advantage possible.
It is important that we get an accurate valuation of the holdings from your marriage. Because many holdings might be laden with debt, it is vital for us to take the loans and other debts into account when we are trying to determine the value of the assets.
Another thing we must consider is any prenuptial agreement or postnuptial agreement that was signed. That can have a big impact on your divorce settlement. The same thing is true regarding tax implications of the divorce settlement.
We don't want you to have to deal with a lot of hassle regarding your divorce settlement. While we can't promise you the world, we can work on your behalf to get you a settlement that meets your needs.