How Does High Asset Divorce Differ from “Traditional” Divorce
Hoover Kacyon
December 7, 2023
When one or more spouses have a high net worth, the legal dissolution of the marriage would be considered a high-asset divorce. Protecting the couple’s wealth and assets becomes a unique issue to address in these types of divorces. While it may be similar in some ways, there are many ways high-asset divorce differs from “traditional” divorce.
How It’s Similar
Some of the most shared traits between a high-asset divorce and a “traditional” divorce are:
- Dividing marital property fairly
- Setting spousal support payments
- Providing both spouses with what they’re entitled to receive
How It’s Different
One of the most obvious differences between a high-asset divorce and a “traditional” divorce is the number and value of the assets present in the case. Complex asset valuation and figuring out legal ownership come into play with high-asset divorce. Assets might be:
- Real estate
- Business interests
- Investments
- Intellectual property
- Other high-financial-value items
Be aware that intangible assets may also be part of the separation amount. These intangible
assets may include:
- Retirement accounts (401ks or IRAs)
- Stock options
- Deferred compensation
- Other items
Hiring a law firm familiar with high-asset divorce proceedings and splitting of property will significantly impact how you are protected and your future. No matter how complicated or complex your divorce might be, the Summit County, Hoover Kaycon Attorneys at Law are here to answer your questions and help you through the process. We deliver the highest quality legal representation from a team of professionals while also providing excellent customer service. Call us at
330-922-4491 or
contact us online to make an appointment.
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Even the strongest marriages face challenges. When couples exchange vows, they do so with hope and commitment to a shared future. But sometimes, despite the best intentions, a marriage no longer serves both individuals—and the idea of divorce becomes a reality. If you’re contemplating filing for divorce in Ohio but are unsure whether now is the right time, it’s important to pause and reflect on a few key areas before taking the next step. Have You Explored All Options to Reconcile? Before proceeding with a divorce, consider whether you’ve truly done all you can to repair the relationship. Especially when children are involved, it’s crucial to try every avenue to preserve the family unit. Have you considered marriage counseling or dedicated time to open, honest communication? Are there reasonable compromises that could help resolve long-standing issues? Divorce is a significant legal and emotional step—ideally, one you take only after exploring all other options. How Will This Affect Your Children? When children are part of the picture, the divorce process becomes even more complex. As you think through your next steps, ask yourself: Are the children already aware of tensions at home? How might each child react to a separation? Can you and your spouse work together to develop a custody arrangement outside of court? Are you prepared to address child support or potential spousal support under Ohio law? Can you continue to share a home peacefully while working out the details? The more clarity you gain on these matters before filing, the smoother the process can be for everyone involved. Getting Legal Guidance Early Matters At Hoover Kacyon, LLC, we understand the emotional and legal complexities that come with divorce. Our experienced family law attorneys are here to guide you through the process with compassion and clarity, helping you protect your rights and prioritize your family’s well-being. If you're thinking about divorce, don’t navigate the decision alone. We deliver the highest quality legal representation from a team of professionals while also providing excellent customer service. Call us at 330-922-4491 or contact us online to make an appointment.
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