Thompson Family Law, P.A.
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Posts tagged "High Asset Divorce"

How are high-net worth divorces handled differently from others?

When Amazon founder Jeff Bezos and his wife announced that they were ending their 25-year marriage back in January, it stirred up a media frenzy. Many wondered what this would do to Bezos' $137 million fortune that he'd amassed over the years. It led to an increased spotlight being placed on high-asset divorces.

Gaining access to Bitcoin during a divorce isn't easy

The use of Bitcoin has grown in popularity in Florida and across the rest of the United States in recent years. Many have been drawn to exchange their cash for this global digital currency because of the lack of government oversight. The emergence of Bitcoin has made things more difficult for government agencies and divorce attorneys alike who are seeking to uncover a person's potential hidden assets.

Does wealth help keep couples from divorcing?

Many of us are conditioned to believe that money has the potential of resolving our problems. However, researchers with the American Academy of Matrimonial Lawyers have concluded that divorce rates increase when the economy is doing well and the more money that a couple makes.

Many divorced spouses are putting their retirement at risk

A new study published by the Center for Retirement Research confirms what many financial analysts have long suspected. Divorce has a way of adversely impacting an individual's current and future financial situation. The researchers working on this latest study determined that it's unlikely that many spouses who divorce moving forward will be able to continue to fund their current standard of living once they retire.

It matters when the valuation of your marital assets occurs

When you and your ex decide to divorce, you're required to divide up marital assets. Each item must be appraised and assigned a valuation date before you do so. While the process involved in assigning a monetary value to your property may seem pretty straightforward, it's often not the case.

Divorcing women need to do a better job of financial planning

A study conducted by TD Ameritrade in 2017 highlighted how 40 percent of all marriages end in a divorce and how at least 25 percent of all seniors age 65 and older are widowed. If you're wondering what one statistic has to do with the other, it's that at least 66 percent of those belonging to both groups admitted to not having a contingency financial plan in place if one of these life-altering events occurred.

Student loan debt is fast becoming a leading factor for divorce

If the average American were asked what the leading cause of relationship problems was in the United States, they'd likely admit that it has to do with financial discussions. What many likely wouldn't know is what researchers at SunTrust Bank found out. They determined that one in eight marriages end over student loans.

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