Many couples will repeatedly try to save their marriage before ultimately deciding to divorce. This is particularly true of couples who have kids.
Unless a prenuptial agreement is in place, high-net worth individuals put at risk their high-performing investments, pensions or stock brokerage accounts when property is divided up in a divorce. This is why, despite being illegal, spouses sensing a divorce filing is looming quickly transfer their assets to friends, family members or offshore accounts for safekeeping.
After a divorce, it is common for one of the parents to want to move away from the area where the family lived prior to the divorce. When this happens, the issue of relocation enters the picture.
If you work in a field that required you to work hard to get to where you're at, then most likely you want to protect as many of assets from being split up if you and your spouse divorce. One of the best ways to ensure that what you have worked so hard to amass doesn't get lost is to draft a prenuptial agreement before you get married.
A new trend is emerging when it comes to how non-custodial parents are going about petitioning for custody of their children. One parent may initially agree to allow the other to retain sole custody of the child, only to use what seemed to be a voluntary relinquishment against the custodial parent to later deprive him or her of his or her rights.
When it comes to high asset divorces, one of the items that a couple ultimately seems to battle it out most about is who's going to end up with the artwork. For some husbands or wives, their emotional attachment to one piece of art or another comes to take on the form of a child custody dispute. In cases in which it does, the monetary value of a piece becomes a lot less important than does it's sentimental one.