The high profile divorce between Johnny Depp and his former wife, Amber Heard, may be final, but the pair may return to court to debate the details of that split. As part of the couple's high asset divorce, Depp agreed to pay a settlement in the amount of $7 million. Massachusetts residents may recall that Heard pledged to donate that money to several charities. Now, however, she claims that Depp has failed to make good on his side of that bargain.
When many Massachusetts residents consider a prenup, they think about the contract only in terms of asset protection. In reality, however, prenuptial agreements have a number of benefits in addition to protecting wealth in case of a high asset divorce. One of the biggest reasons to negotiate a prenup is to go through a crash course in each party's financial habits.
Divorce attorneys agree that there are certain times of year when divorce filings spike. January, otherwise known as "divorce month," is one of the busiest months for family law attorneys. Often, a spouse will initiate a high asset divorce in the first few weeks of the year, after the holidays have passed. Massachusetts divorce attorneys often use the holidays to rest and recharge, knowing that things will be busy once the New Year begins.
Massachusetts readers know that the end of a marriage signals many changes for the two spouses, including financial adjustments and division of marital property. Any issue that involves the division of money or valuable assets can be complicated, and the appropriate distribution of retirement assets is no exception. Without care and the help of an experienced family law attorney, a high asset divorce has the power to derail a person's retirement.
Divorce may be on the horizon if the couple simply cannot reconcile their differences. The process of getting divorced can be difficult emotionally, no matter what the income levels of the parties may be. However, a high asset divorce can be especially tough to navigate.
When facing a divorce that will involve large amounts of money or valuable assets, common sense dictates that it's important to protect future financial well being. One of the most practical ways to fight for post-divorce stability in Massachusetts is by seeking the guidance of a lawyer experienced in high asset divorce matters. With the right help, it may be possible to prevent damage done by dissipation of assets.
For many Massachusetts spouses, one of the most concerning aspects of a looming divorce is the need to find alternative living arrangements once the process is complete. Even in a high asset divorce, one or both spouses will often need to find new housing options once a divorce is underway. It can be difficult to consider moving out of the family home, especially if that property is one's dream house.
When older Americans decide to end their marriage, it will bring to light a host of complicated financial issues that must be addressed before the process can be finalized. Gray divorce is a term given to describe the high and growing number of people who choose to divorce in the years close to retirement and after decades together. A high asset divorce is almost always complicated, and it can be especially more so for Massachusetts couples with a large amount of retirement savings.
The end of a marriage will usher in a time of transition and emotional upheaval. This can be quite stressful and unpleasant, even for the most amicable of couples. In order to avoid or mitigate some of the emotional complications that are brought by a high asset divorce, Massachusetts readers may find it beneficial to take steps to prepare for what lies ahead.
Going through a divorce is a situation that could affect any married couple. Even celebrities are not immune to facing relationship difficulties that could lead to the ending of their marriages. However, when these relationships end, the individuals involved will likely face high asset divorce circumstances, which could lead to complications. Of course, celebrities are not the only ones that could face such circumstances.