High-asset divorces can present many complexities because there is a lot at stake for both spouses. High-asset divorces are more likely to lead to conflict and complex litigation since spouses are more inclined to engage in aggressive tactics such as hiding assets.
A San Antonio developer who owned a lot adjacent to the historic East Side's Hays Street bridge will get another parcel a mile away. The city will convert his original one into a park. This is what the City of San Antonio council members decided during a public community meeting that was held on June 13.
Making an estate plan is a good first step, but it is just that: a first step. Don't think that you're done for good. You still need to update that plan frequently to make sure that it's ready if your family ever needs it.
Many questions pop up during divorce proceedings. Who will receive the house? What happens to my children? What should I consider before finalizing a separation? However, most people tend to push inheritances aside.
In a high-asset divorce, one of the potential issues you may face is if your spouse decides to hide assets. They do this because they don't want to split those assets with you, and they may think that you don't know enough about the family finances to even notice what you're missing. Hiding assets may be illegal, but it does happen.