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High Asset Divorce Archives

How to prevent asset depletion in divorce

Some Virginia residents who are getting a divorce may be concerned about asset depletion. This occurs when one spouse spends marital assets as a way to prevent the other spouse from getting them. This can be a particular problem if the spouse who is spending has a high income and the other spouse does not work outside the home. While the spending spouse can easily recover the money after divorce, the other spouse might leave the marriage with no assets.

Retirement and divorce

Based on information from Bowling Green State University's National Center for Family and Marriage Research, the divorce rate for individuals over 50 years old has doubled since 1990. Virginia residents who are considering getting a divorce and are about to retire should take into account the financial effects it will have.

Dividing the Pitt, Jolie estate

Angelina Jolie's decision to file for divorce from Brad Pitt likely surprised many people in Virginia. However, there is more to the story than just the irreconcilable differences that led to the split. Speculation continues to grow about child custody matters and how they will divide their Hollywood income.

Divorce can reveal lack of financial skills in one partner

Many Virginia residents have heard at least one divorce horror story. Typically, one spouse leaves the financial decisions and tasks to the other. When the marriage ends, one person does not get the financial settlement that was expected, especially when the couple had a lot of assets. Advisers recommend that spouses play an equal role in handling money. In the event of a divorce, the participation of both people in their joint financial life could build the foundation for a fair and equitable resolution.

The pluses, and minuses, of uncontested divorce in Virginia

If you or your spouse (or both of you) are considering divorce, there are probably problems in your marriage that, try as the two of you have, cannot be overcome. Perhaps only one spouse is ready to move on, which could make negotiating a settlement difficult.

Ex-husband gets 4 years for hiding marital assets overseas

Getting an equitable share of your marital assets in your divorce can be difficult when you do not know how much there is to split up. Some couples share in all financial planning, so each spouse has a good idea of what assets they own and what they are worth. Other times, one spouse handles all the finances and earns all he income, leaving the other spouse largely in the dark about money matters.

Chris Martin: I don't see it as a divorce

There is no rulebook that says what kind of relationship you and your ex must have after your divorce is final. If the two of you have children, ideally you will be able to continue co-parenting. Outside of that, post-divorce relationships range from non-existent to very close.

Wedding dress photo series helped woman deal with her divorce

Most brides wear their wedding dress once, then store it in the attic as a memento and, possibly, a family heirloom to be passed down to a daughter or granddaughter someday. But one divorced woman wore her wedding dress everywhere, to change it from a reminder of her failed marriage to a symbol of the new phase her life had entered.

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