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Divorce with many assets, influential careers might be complex

People who have a lot of assets together, and may have very financially rewarding and influential professions, can sometimes have a difficult time through the divorce process. Whether one person is very powerful within their profession or one spouse makes a majority of the income, high-asset situations can add to the complexity of a divorce.

Sometimes one spouse might not have an independent source of income, but might be individually wealthy. This can result in that person still feeling intimidated by their spouse who works in a high-level position. Speaking with an experienced divorce attorney can help make these divorce situations go as smoothly as possible.

Someone who might not manage the family finances may want to consider familiarizing themselves with the accounts and assets that the couple owns before filing for a divorce. If someone has independent wealth, it might be important to looking at ways of protecting those assets from the divorce situation.

One top of these financial and legal issues surrounding divorce, it is most important that the person filing for divorce feels they are physically and emotionally safe. Sometimes spouses can try to intimidate another in a divorce situation, adding to the stress and even resulting in reluctance to file.

Speaking with an attorney can help ensure that a person is well prepared before they even file paperwork for a divorce. This can make the process flow and add predictability to the situation. While it isn't always easy, it is important that people filing for divorce keep the end objective in mind.

Source: CNBC, "Divorcing a Bully, Protecting Your Finances," Elizabeth MacBride, June 18, 2013

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