Law Office of Stephen J. Bedor

Providing Effective Legal Strategies

High-value divorces: What are some common mistakes?

In a high-asset divorce, you have a lot to lose or gain. Looking at the facts, those involved in high-asset divorces often end up with less than they began with, whether they get all they intended to. On top of this, the divorce is expensive, making it a financially and emotionally taxing experience.

One of the first things you need to do is to make sure you have your assets valued. A valuation expert can give an objective statement on what your assets are worth, which will be something that can help you while negotiating and if you end up in court. Keep in mind that you may wish to have a specialized accountant work with you, especially if you have unique holdings, like cryptocurrencies.

Where are common errors made during divorces?

One common area is in the valuation of life insurance. Many people have a significant amount of wealth in their life insurance policies, so they should be accounted for fairly to make sure both parties get a portion of what they are due.

Lifestyle is another area where mistakes are made. There needs to be a lifestyle cost analysis, especially if one spouse is not a high earner while the other is. It's important to have a thorough account of how money was spent during the relationship to help the parties come to a fair solution for their property division needs.

Every case is different, so preparing documentation on your assets can help you and your attorney determine what would be a fair solution during your negotiations with your spouse. Stay informed, so you can make great decisions about your financial future.

No Comments

Leave a comment
Comment Information
Tell Us How We Can Help

Let’s Do This Together

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Law Office of Stephen J. Bedor

OFFICE LOCATION 4248 Galewood Street Lake Oswego, OR 97035 Toll Free: 877-611-6793 Phone: 503-212-4878 Fax: 503-699-1811 Lake Oswego Law Office Map