YOUR ATTORNEY CAN ADVISE YOU ON A NEW FINANCIAL PLANNER

When you're going through a divorce and already have a financial planner that you share with your spouse, it's a good idea to stop and think about whether it's a good idea to continue on with that business relationship.

It doesn't usually make sense to retain the same business professionals that you shared with your spouse for the services you need going through a divorce, especially if that accountant or financial planner is still working with your estranged spouse. You don't want to find that there is any conflict of interests.

DEALING WITH HIGH-NET WORTH DIVORCES: KEEP THIS TIP IN MIND

It isn't easy to go through a divorce, no matter what your financial situation is. Despite that, people do it every day, and some take care of the divorce better than others. The difference between someone who survives a divorce well versus someone who just survives is that the first person has more knowledge about protecting themselves.

If you plan to go through a divorce and need to know the No. 1 tip to help you, it's this: Make sure you know all your assets. Anything of value can be an asset. That includes art, stocks, properties, furniture, jewelry and other items.

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.