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5 steps to protect yourself in a high-asset divorce

On Behalf of | Jun 23, 2019 | Divorce |

You never imagined you would get a divorce, but plans and people change. Now you might be facing a complicated legal battle involving $10 million or more in pooled assets.

You do not have to go through a high-asset divorce proceeding alone. Hiring an experienced divorce attorney in New York can give you a friend and confidant during this difficult time. Your lawyer can help you protect yourself, your assets and your future.

  1. Get off social media

Do not complain about your soon-to-be ex-spouse or talk about your divorce on social media. Your spouse could use anything you post on social media platforms as evidence against you during a divorce case.

  1. Close joint credit cards

Call credit card companies now and get your name off the account if your spouse is continuing to rack up major debt. You will not be able to close the account until someone pays the card off, but removing your name from the account could help you avoid liability for extra debts before a divorce.

  1. Consider mediation

Your lawyer may be able to help you resolve your divorce through alternative dispute resolution. This could be beneficial in high-asset cases because it allows both parties to remain in control of the future of their assets, rather than handing the decision over to a judge. It also maintains your privacy, since it is not public like a court case.

  1. Do what is best for you

Keep your divorce private for as long as possible. This can help you stay in control of your reputation and avoid unnecessary questions. If you do tell friends or family, do not feel the need to take their advice. Your divorce case is entirely unique, and will need a personalized legal strategy.

  1. Consult with a lawyer

One of the most important things you can do during a high-asset divorce case is to hire a lawyer to help you through the process. A lawyer can help you take steps before and during your divorce to protect your assets and avoid trouble.