Divorce is often complicated, particularly when it comes to splitting assets
and property, or determining child custody and alimony. These complications
are even more pronounced in high asset divorce cases, where a considerable
amount of money, assets, property, businesses, and high-priced items are
at stake. Like most divorces, there is a lot of room for mistakes, which
could hurt both parties, and lead to an agreement that does not serve
Here are some of the most common mistakes you should avoid while in the
midst of your high-asset divorce:
1.Hiding assets: You might be worried about retaining certain assets, but hiding them away
is not how to go about protecting them and will most certainly have a
negative impact on your divorce since it will likely be traceable. If
you hide assets and a judge finds out, your credibility will be damaged
and you might even face criminal charges. Be honest and use the law to
2.Inaccurate accounting: Filling out the financial information required on your affidavit is an
important step and completing this task accurately should be a priority.
These documents will be used to determine which assets and liabilities
you will receive, as well as child support and alimony payments, so you
will want to ensure there are no errors.
3.No investigation: Unfortunately, even if you are honest throughout this process, that does
not mean your spouse is. Instead of taking his or her word at face value,
investigate your spouse’s financial disclosures to make sure they
4.Ignoring the long-term effects: Not all assets are the same, so you need to examine them carefully before
attempting to keep them. Many assets are associated with expenses, taxes,
and debt, so consider all of the facts before vying for an asset or property.
5.Agreeing too quickly: No one enjoys going through a divorce and oftentimes that leads both parties
to agree to settlements too quickly. This is a big mistake. Remember,
this agreement is going to heavily impact your financial future and is
not something you should take lightly, no matter how eager you are to
6.Not hiring a lawyer: Divorce law is not always straightforward, especially when high assets
are involved. Not having an experienced attorney on your side, advising
you and helping you navigate the process puts you at risk for costly mistakes.
Do this right and make sure you hire an attorney who can effectively protect
Bowling Green Divorce Attorney
At the Law Office of Pamela Bratcher, we understand that divorce is a painful
and emotional experience, which is why we seek to help you put an end
to yours in the least painful way possible while protecting your best
interests. Backed by 28 years of experience, you can be confident in our
ability to represent you.
Contact us today at (270) 977-8910 for a case evaluation.