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Mitigating the Risks of Business Depreciation During High-Asset Divorces
/in Divorce & Family Law/by Kirk Drennan LawDivorce is challenging in any situation, but when you and your spouse own a business, the situation is even more complicated. Your divorce threatens the stability and financial well-being of your business, and it’s crucial to plan for that as you navigate this difficult time. With careful planning and assistance from professionals, you can help […]
Coping With Lifestyle Adjustments After a High Asset Divorce
/in Divorce & Family Law/by Kirk Drennan LawYour high asset divorce will likely have a profound impact on your financial well-being and lifestyle. Even with a fair division of assets and alimony equaling the playing field, it’s common for both parties to notice a significant decrease in liquidity and overall quality of life. This is natural—moving from one household to two comes […]
Minimizing Reputation Damage During High-Profile Divorces
/in Divorce & Family Law/by Kirk Drennan LawThe stresses of divorce are amplified when the divorce involves high-profile couples. The stakes are incredibly high, and whether your divorce goes smoothly or catastrophically, people will see. High-profile divorces can turn into a media circus, causing distress for everyone involved. If you’re concerned about the effect of your divorce on your reputation, it’s important […]
Understanding QDROs and the Division of High-Value Retirement Accounts
/in Divorce & Family Law/by Kirk Drennan LawThe high stakes of divorce are even higher when valuable retirement accounts are part of the marital assets to be divided. Retirement accounts are often among the most desirable of a couple’s marital assets, thanks to their tax benefits, capacity for growth, and ability to provide for an individual in their golden years. One tool […]
Divorce and Philanthropy: How to Handle Shared Charitable Endeavors
/in Divorce & Family Law/by Kirk Drennan LawEnding a marriage is not just about making custody decisions and splitting up the assets you’ve accumulated during your time together. It also involves determining the future of the legacy you and your ex-partner have created. This is particularly important for philanthropic couples that have made charitable giving a big part of their time together. […]
Navigating the Complexities of Divorce and Pensions
/in Divorce & Family Law/by Kirk Drennan LawWhile you navigate your divorce, you’ll have to make several life-changing decisions that influence your future financial stability and quality of life. If you or your ex-partner have a pension, knowing how that will be divided during your split is important. A pension can play a big role in your financial well-being after retirement, so […]
Protecting Intellectual Property Rights During High Asset Divorces
/in Divorce & Family Law/by Kirk Drennan LawIntellectual property rights can be an incredibly challenging aspect of a high-asset divorce. These assets often make up a significant part of an individual’s net worth and passive income, so they are highly sought after during a divorce. If you created or purchased intellectual property during or prior to your marriage, you’re likely wondering what […]
Inheritance and Divorce: Legal Considerations for Protecting Inherited Assets
/in Divorce & Family Law/by Kirk Drennan LawThe division of assets is often a painful and time-consuming part of any divorce. Even couples with minimal assets may struggle to divvy up what they have accrued during their marriage. For those with high-value or personally meaningful inherited assets, this step is even harder. Assets handed down from family members may be especially hard […]
Child Custody and Support in High Net Worth Divorces: How to Protect Your Family’s Future
/in Divorce & Family Law, family law/by Kirk Drennan LawAlthough high net-worth divorces involve the same basic issues as other divorces, the outcomes and options are generally very different. When there is a lot of money at stake, the standard negotiating methods and compromises often just don’t make sense. The same is true when we discuss the topics of child support and custody. Wondering […]
Maintaining Privacy and Confidentiality During a High Net Worth Divorce: Best Practices and Legal Strategies
/in Divorce & Family Law, family law/by Kirk Drennan LawIn a high-net-worth divorce, there’s always someone watching. The nosy public loves to know the details of high-profile splits, and this means that you’re at risk of having your most private concerns and financial details laid bare to the public eye. For that reason, many high-income couples prioritize privacy and confidentiality when they decide to […]