distribution of assets

June is one of the three most popular months for weddings. While most couples spend months planning for their special day and their life beyond, there is one practical tool that frequently gets overlooked – the prenup.

Prenuptial agreements can be very sensitive matters. After all, no one wants to think about divorce when planning their wedding, making prenups the least romantic of all wedding planning topics. For some people, prenups are a consideration only for the wealthy, or worse, a sign of mistrust. Others view these agreements as a necessity for protecting each partner’s personal assets. Whatever your opinion, it’s helpful to fully understand the ins and outs of these contracts before deciding whether they make sense for you. To learn more about prenuptial agreements, common myths pertaining to these contracts, and how to broach this sensitive topic with your partner, read “The ultimate guide to prenuptial agreements: Benefits, myths and tips.”

A crucial part of the divorce process is dividing up the couple’s assets and debts in as equitable a manner as possible. Sometimes this distribution of assets is simple, while other times it is much more complicated, especially for couples who have complex financial portfolios that include such things as stock options and restricted stocks, deferred compensation, retirement and insurance plans, properties located in other states or countries, and exceptionally valuable tangible assets such as artwork, antiques or collectibles.

The settlement options you agree to during your divorce proceedings can have a long-term impact on your financial and tax situation. If your situation is complex, it may be prudent to seek the help of a financial specialist, such as a forensic accountant, before agreeing to terms. For more on how a forensic accountant may be able to help in your divorce negotiations, read the New Jersey Business Magazine’s article, “Forensic Accounting During Divorce Proceedings.”

Articles Tagged with distribution of assets

All About Prenups: The Facts and The Misconceptions

Do You Need a Forensic Accountant?