View Our Practice Areas

3 mistakes to avoid in a high-net divorce

If you are divorcing your partner and there are valuable assets at stake, you should approach the situation carefully. Michigan divorces are not always easy. When there are high-net assets involved, deciding who gets what can get complicated.

You may be under a lot of stress and feel emotional about the changes you are experiencing because of your situation. It is important for you to stay calm and rational so you can make the right decisions and avoid problems that can affect your divorce outcome and tax situation. Take some time to learn about some common mistakes that often occur in high-net divorces to avoid making them. 

Not fighting for your share 

You may feel so fed up with your spouse that you are ready to agree to anything just to get him or her out of your life. This may seem like a good plan to speed things up; however, it is one that can have a negative effect on your finances. If you rush and agree to anything your spouse puts on the table, you risk not getting everything you are entitled from the division of your marital assets and your spouse receiving more than he or she may be eligible for. 

Taking the blame for the situation 

It does not matter who is at fault or what reasons led to the untimely demise of your relationship. Try not to feel guilty for what is transpiring. If you do, you could end up letting your emotions influence your decisions, which could put you at a severe disadvantage. 

Hiding assets 

You may have reasons for not wanting your soon-to-be ex-spouse to receive his or her share of marital property and hope to mislead the courts and your former partner about them. You may even resort to transferring money to your kids and other third parties so they are not discoverable.

However, your reasons and emotions do not supersede the law. You must fully disclose all assets you and your spouse to the courts. If you intentionally omit financial information, you are breaking the law, compromising your credibility and putting yourself in danger of receiving a smaller settlement. 

Because there is so much at stake in a high-net divorce, it is best to strategize your exit to minimize the consequences you may experience. Before accepting anything, evaluate the short and long-term benefits and how they can hurt or improve your post-divorce financial situation and lifestyle.

No Comments

Leave a comment
Comment Information

Testimonials

Testimonials
  • Understanding the legalities of the divorce process Laura has walked me through the maze of this legal system educating me so that I understand the divorce process. She has fought for me an every issue that I have had concerns with and given me excellent advice when I needed it. I am very satisfied with the direction and results. - Anonymous
  • The Best Family Lawyer in MI My cousin who owns his own law firm in Toronto found Amy for me as the best female lawyer in MI. It turned out to be very true. She helped me through one of the hardest times of my life, not only just legally but emotionally through a divorce... - Graeme
  • Laura Eisenberg -Attorney Without a doubt, one of the most professional people I have ever dealt with. Laura is an over-communicator with a complete skill set. She was able to manage my expectations while helping me to feel confident in the decisions we were making. The results were great and the client-lawyer relationship was exceptional.- Jeff
  • Excellent, Supportive, Knowledgeable, Strong Amy is the best type of lawyer one could want - she is tough when needed, extremely knowledgeable about her field, confident, supportive, straightforward, reliable and cognizant of keeping financial commitments at a reasonable level. Amy handled my divorce and was not only excellent in her delivery of services, but...- Jordana
  • Highly Recommended - Caring, Tough, Affordable Lawyer Laura Eisenberg was 100% on my side during my divorce and actually got it pushed through ahead of schedule because of her good relationship with the Oakland County judge! She got me everything I wanted and also worked out the custody, child support and the property settlement that I wanted. - Katherine
  • Very Skilled & Experienced Lawyer Laura helped me through a very difficult divorce situation. I was completely taken by surprise when my spouse filed divorce papers, and was worried about the children, the house, child support, etc. A friend recommended Laura because she had really helped her with her divorce. - Anonymous
Read More
  1. Super Lawyers
  2. Distinguished AV | LexisNexis Martindale-Hubbell | Peer Review Rated For Ethical Standards and Legal Ability
  3. Best Lawyers | Best Law Firms | U.S.News
  4. AAML | American Academy of Matrimonial Lawyers
  5. The Best Lawyers in America
  6. MIPA
  7. Business | Top Lawyers
  8. Avvo Rating 10.0 | Superb | Featured Attorney

Get Started Today

Responding to our clients' needs is our first priority at Eisenberg & Spilman, PLLC. Whether you are considering divorce and have questions about your rights, or you are seeking custody of your child, our Oakland County family law attorneys are here to help you.

We invite you to contact Eisenberg & Spilman, PLLC, at 248-358-8880 to schedule a confidential consultation with one of our attorneys to discuss your divorce and other family law matters. In addition to our regular business hours, evening and weekend appointments are available upon request.

Email Us For A Response

Eisenberg & Spilman, PLLC
600 South Adams Road Suite 100
Birmingham, MI 48009

Phone: 248-358-8880
Birmingham Family Law Office

Review Us

Bold labels are required.

Contact Information
disclaimer.

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.

close

Privacy Policy