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Posts tagged "High Asset Divorce"

Keegan-Michael Key's high net worth divorce finalized

Keegan-Michael Key might be most well-known in Missouri for his comedy work, but he has more recently made headlines for the end of his marriage. His high net worth divorce from Cynthia Blaise was finalized several years after the initial filing. The couple did not have any children, and although they did not have to deal with custody or child support matters, Peele's high net-worth likely complicated the process.

Could tax reform impact your high asset divorce?

Missouri residents going through divorce likely understand that change is an inevitable part of life. In many instances -- such as in an unhappy marriage that ends in divorce -- change can be a good thing. However, almost all change should usually be considered carefully for how it may impact a person's future. With potential tax reform on the horizon, those going through a high asset divorce should be aware of the possible changes to alimony.

The importance of a QDRO during equitable division

65396714_S.jpgWhether worth tens of thousands of dollars or significantly less, retirement savings are incredibly valuable to most people. Even relatively small accounts can provide a solid foundation for financial peace during retirement. Many divorcees in Missouri are understandably worried about how their retirement savings will be handled during equitable division.

Complex property division has financial implications in divorce

41127521_S.jpgEnding a marriage can be stressful, most couples in Missouri would understandably like to push through the process as quickly as possible. However, rushing a divorce is rarely a good idea, particularly for those who have significant marital assets. Complex property division, spousal support and additional expenses can all have a profound financial impact and should be considered carefully.

Complex property division can be stressful later in life

44699825_S.jpgThe emotional cost of remaining in an unhappy marriage often outweighs the potential financial stress created by divorce. While everyone in Missouri should be cautious of their finances during divorce, this is especially true for those going through so-called gray divorces. Divorcing later in life often results in complex property division involving significant financial investments, including homes and retirement savings.

Equitable division of retirement assets in divorce

39457958_S.jpgMany Missouri couples spend years building their retirement savings and planning for their golden years. The typical couple generally assumes that they will spend these years enjoying each other's company and perhaps even traveling to new places. However, when reality takes over and the couple realizes that there are no joint golden years to come, difficult decisions must be made. Often, these decisions include the equitable division of property in an upcoming divorce settlement.

Some people try to take equitable division into their own hands

In all matters of divorce in Missouri and throughout the nation, the court has the final say regarding any type of settlement, agreement, child custody, visitation or property division issue. In some situations, that's no big deal, and spouses merely formulate their agreed upon plans ahead of time, then seek the court's approval. Other times, however (espe32496022_S.jpgcially when it comes to the equitable division process), problems arise that prompt concerned spouses to seek outside support.

Seniors prone to high asset divorce problems

39457958_S.jpgGray divorce is on the rise in Missouri and other states. It has nothing to do with hair color or the sky. It does, however, have to do with how old a person is when he or she files for divorce. The term has been applied to those severing marital ties after age 50. In a high asset divorce, this can present significant challenges because the later in life divorce is filed, the more financial issues and property division problems there tends to be.

Why protecting business interests shouldn't involve hidden assets

50833034_S.jpgWhen divorce occurs in Missouri or any other state, spouses may face obstacles regarding asset division in court. Especially in a high net worth situation (for instance, if a successful business is owned by both spouses) emotions may be highly charged regarding who gets what and what will happen to the business. Sometimes, it's determined that selling a business is the fairest way to handle such circumstances. If one spouse plans to try to maintain control of a business, however, it's best to avoid hidden assets or other questionable means for protecting one's interests.

Not every mother-in-law has a say in a high asset divorce

56472638_S.jpgBeing a member of the Royal Family in England is celebrity status at its highest level. Nearly two decades after Princess Diana's tragic death, gossip columnists continue to speculate whether the fatal motor vehicle accident in which she was involved was truly an accident or result of foul play. The princess and her former husband, Charles, had recently secured a high asset divorce, which was headline news at the time. Even though most Missouri residents live far simpler lives, when it comes to divorce and marital property issues, many may relate to the former Princess of Wales' situation.

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