You might be incredibly frustrated right now because your divorce settlement isn't being upheld. Or, maybe you're mad because your to-be-ex-husband won't agree to fair financial terms for your settlement. A divorce does have the potential to cause serious stress in your life during the divorce and in the future if your ex isn't willing to honor the negotiations.
There is no question that high-asset divorces can become more complicated than those with fewer assets. With many assets on the line, each person may fight to get as much as possible out of the marriage. If there is no prenuptial agreement, that makes it even harder to know who should receive which assets.
It’s important to update your will after you go through a divorce for a number of reasons. First, you may no longer want your ex-spouse to have access to your assets if you pass away. Second, you might want to guarantee your biological children receive your assets first in the event of your passing. Finally, if you have sole custody and the other parent cannot take on custody full-time or at all, you might want to designate a guardian of your children if you pass away suddenly.
Getting divorced is often a very unpredictable process. Unless you and your former spouse have a prenuptial agreement or agree on all aspects of asset division, the courts will have the final say in who gets what.
You want custody of your child when you and your spouse get divorced, and you know it's going to be a battle. You're ready to dig in your heels and do everything you can to fight for it. That relationship with your child means more to you than anything else.
When you’re going through a divorce, it’s all you can think about. From the emotional and financial repercussions, to the affect it may have on your children – your mind is consumed with divorce-related thoughts. Each decision you make is critical, and the toll it takes on your life is overwhelming.