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Avoid costly mistakes during a high asset divorce

All divorces are difficult, but high asset divorces may be next to impossible. Not only are there substantially more financial aspects to consider, but the emotional strain divorce puts on spouses can make these decisions extremely difficult and may end up costing a serious amount of money. When high net worth couples face the dissolution of their marriage, one of the most valuable decisions they can make is to consult with an experienced legal professional about protecting their financial future.

Whether it's high emotions, stress or simply ignorance of the law that prompts divorcing spouses to make rash decisions, doing so can represent substantial financial loss, especially for high net worth couples. One of the biggest mistakes this category of divorcing spouses can make is to agree on a settlement without seeking counsel. Working with an experienced high asset divorce attorney can help spouses stay informed of their rights while addressing any financial concern they may have.

Simply agreeing with a soon-to-be ex to get the divorce done can be a costly mistake. Many spouses do not understand exactly what they are entitled to receive during divorce. By working with an attorney, divorcing spouses may be able to better represent their current and future financial needs and have them reflected in a settlement agreement. Concerns such as alimony, child support and property division all carry a significant dollar amount. With an attorney's help, these expenses may be better taken into consideration and addressed during settlement.

Experienced divorce attorneys have a comprehensive knowledge of the law and can use it to protect their high net worth clients. Divorce, especially a high asset one, can be costly to both spouses. By working with an attorney, divorcing spouses can better manage their financial concerns and avoid common and costly mistakes.

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Goddard & Malmquist

Goddard & Malmquist
1250 South Grove Avenue
Suite 101
Barrington, IL 60010

Phone: 847-382-3995
Fax: 847-382-4038
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Chicago, IL 60606

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