My spouse and I have accumulated significant wealth and assets. How will this affect our divorce?
One of the first steps in any divorce is to develop a shared understanding of the couple’s financial situation. It’s crucial that both parties fully comprehend what they own, what they owe, and the nature of each asset and liability. It’s important to take the time to slow down and carefully examine each asset—determine its value, whether it can be accurately assessed, its status, and whether it has vested. This process ensures that both parties not only understand what exists but also what it means for future distribution.
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