Couples with fewer assets and more simple marital assets can often quickly resolve divorce issues. For those with more complex assets, there can be complications that arise.
For this reason, a high-asset divorce may run into issues that require more time and attention to resolve. There may be more chances for disagreements in these situations as well.
Property note
In a divorce, identifying separate and marital property is an important step. Outside of a prenuptial agreement, the couple will need to prove that an asset is separate to have it handled as one in the division of property. This can easily become confusing or difficult, which is at the heart of issues that may arise in a high-asset divorce.
Inheritance issues
Inheritances are generally treated as separate property in a divorce. But this can become an issue if you used your inheritance to benefit the whole family, including your spouse. For example, if you bought the family home with your inheritance and your spouse helped to maintain that home, he or she has some buy-in to its value.
Comingling assets
Comingling is what happened with the inheritance in the example. It can happen with any type of separate assets. When commingling occurs, it blurs the lines of ownership because you are treating separate property as marital property. If you are not careful, you could lose any hold on separate property that you thought you had.
Property division in a high-asset divorce can be difficult because of the high value attached to the situation. But determining separate from marital assets can be the hardest part. Due to this, premarital agreements are often incredibly important for these couples.
