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your needs, and focused on reducing the emotional
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High Asset Divorce Archives

Dividing retirement plans for divorce

Couples in California who get a divorce should take extra precautions when dividing their retirement assets. The different types of retirement accounts are governed by specific rules that dictate exactly how they should be divided. If the correct procedure is not adhered to, divorcees may find themselves saddled with expensive penalties and tax bills. They may also end up giving their ex-spouse a larger percentage of their retirement funds than they intended.

Financial planning and the possibility of divorce

California couples who are planning to get married might want to consider a prenuptial agreement. If they are already married, they may want to consider a postnuptial agreement. Both of these can help protect people financially in a divorce. While some people might think these types of agreements indicate a cynical approach to marriage, one financial planner points out that financial precautions are no different from safety precautions such as wearing a seat belt.

Thinking of the children during a divorce

California residents who are going through a divorce may want to keep their children in mind as it moves along. Failing to shield them from the more painful aspects of the split could cause issues today and during adulthood. One way to resolve custody issues is to assume that each parent should have equal time with the children as a starting point for negotiations.

Handling business matters during a divorce

California couples who operate a business together and who are also getting divorced should consider how they plan to handle the business. Some may decide to divide it up, while others may opt to continue working together. Regardless what is decided, there are certain ways couples can address the issue while they are going through the divorce process.

In some divorces, beloved art is worth more than its price tag

California is home to many wealthy couples who have gone through high-asset divorces. When a large amount of money is involved, any asset could be the subject of a million-dollar legal battle. One of the issues that may arise during property division is who gets to keep an art collection that took decades to curate. In many cases, an art collection is even more sentimentally valuable to a spouse that its price tag indicates.

Divorce in the age of bitcoin

California residents know that a divorce can be complicated, both emotionally and financially. While it means the end of a relationship that just did not work, starting over and letting go of previous life plans can be very difficult. Additionally, the division of a couple's assets can bring even more conflict into the situation. When the couple also owns bitcoins, this division can become even messier.

Social security payments after a divorce

California residents may take steps to forget about their divorce and move on with their lives. However, it may be possible to collect Social Security benefits based on the work record that a person has with a former spouse. Collecting such benefits may make it easier to live comfortably in retirement or at least make it easier to make ends meet as a person ages.

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Miller & Associates, Attorneys LLP

Miller & Associates, Attorneys LLP
6542 Lonetree Boulevard
Rocklin, CA 95765

Phone: 916-780-0848 
Fax: 916-780-0787

Miller & Associates, Attorneys LLP
850 Iron Point Road, Suite 113A
Folsom, CA 95630

Phone: 916-365-4941 
Fax: 916-780-0787

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