Property division issues can sometimes get complicated, even in
uncontested divorces. For example, how should a partnership interest in a business be handled?
Or, what about more complex investments in venture capital funds or hedge
funds? In many cases, financial planners and attorneys with a focus in
this area can help spouses to work through more complicated asset division
issues in a fair and equitable manner.
Sometimes, a divorcing couple owns a business together, and they do not
wish to continue to do so once the marriage ends. If one spouse is willing
to buy out the ownership interest of the other, the matter is resolved.
However, if this is not a practical solution, such as in a start-up company,
a financial professional may devise a means for allocating shares in the
business to each spouse. Then, whether the business goes on to become
very successful or it fails, each person knows that their interest in
the enterprise has been properly accounted for in advance.
Even in seemingly uncontested divorces, one former marriage partner may
be tempted to hide assets during the divorce process. It's important
to watch for interest-free loans to family members that are really a means
for "parking" assets until after the divorce. In other cases,
a spouse may have another family member make a large purchase with his
or her money. Then, after the divorce, that spouse may recover that expensive
asset to retain or to sell. Jewelry purchases can occasionally fall into
Finally, certain assets that are not liquid can be addressed through documents
that address their disposition over the long-term. Again, financial planners
or attorneys focused in this area can be helpful in addressing what are
often called illiquid assets.
In some divorces, the division of marital assets, even when there is a
mutual desire to do so in a fair and equitable manner, can prove to be
quite daunting. However, professionals focused in this area can help to
make this part of the divorce process to go more smoothly. To speak with
a Baton Rouge divorce attorney about your questions, please
contact us today.