Tag Archives: assets
Prenuptial Agreements and High Net Worth Divorce
According to various estimates, that there are approximately 4.9 million high net worth individuals in the U.S. at any given time. While there is no set dollar amount to determine a high net worth individual, or HNWI, the term is generally used to denote a person with substantial liquid assets. More than 60,000 HNWIs in the U.S. are considered ultra-high net worth individuals with assets of moreContinue reading
Finding Hidden Assets in a Divorce
Property and asset division are two of the biggest issues that come with any divorce. Each partner contributed to the couple’s shared pool of assets, and when the couple decides to end their marriage, part of the process is to make sure these assets are divided fairly among the spouses. In Illinois, the Illinois Marriage and Dissolution of Marriage Act does not require that marital assets be dividedContinue reading