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Lifestyle adjustment after a high asset divorce

The end of a marriage will bring many significant changes, especially to a person's finances and ability to maintain the same lifestyle. While a significant change in lifestyle is not always avoidable, it is possible for a person to prepare and outline practical expectations for their life after the divorce is final. This effort can make it easier and much less stressful to navigate a high asset divorce.

Working with a Massachusetts family law attorney from early in the process is one of the most significant steps one can take in order to achieve their financial goals during divorce. Another necessity is an honest analysis of one's expectations and goals in order to develop an effective approach to financial negotiations. This step may help avoid unnecessary disputes and costly litigation.

This lifestyle analysis should consider factors such as assets, years until retirement, likely settlement amount, place of residence after divorce and the ability or necessity of working after the divorce is final. A lawyer can help with this, working to establish realistic expectations and a strategy that will allow for a strong post divorce future. It is true that divorce will have a financial impact, but it does not mean that one must surrender his or her retirement goals or all lifestyle preferences.

A high asset divorce includes many complicated issues, such as business assets and valuable real estate. It is important to navigate these matters with the help of a Massachusetts family law attorney in order to pursue the best outcome possible according to the details of one's individual situation. It is best to seek a case evaluation to better understand what options are available.

Source: The Huffington Post, "Divorce Lifestyle Considerations", Karen McMahon, Sept. 6, 2016

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Salem, MA 01970

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