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Consider Long-Term Investments in Divorce Settlement

Posted on in High Asset Divorce

Consider Long-Term Investments in Divorce SettlementYou are likely to take an immediate financial hit after going through a high asset divorce. You are required to equitably divide your marital properties with your former spouse, leaving you with roughly half of the marital assets you previously possessed. If you have a greater income, you may be responsible for child support and spousal maintenance. Even if you are a shrewd negotiator, a divorce court may not approve a settlement that clearly takes advantage of your former spouse. You need foresight when creating your divorce settlement to prepare for financial recovery and ultimate stability.

Choosing Properties

Most marital properties are measured by their current value when determining an equitable division. For some properties, it is important to consider their future values. Examples include:

Any of these properties can appreciate or depreciate in value, depending on various economic and market factors. You should consider their potential for and their likelihood of growth when deciding whether you want to keep them. Wisely investing in certain marital properties may pay large dividends in the future.

Cost Considerations

Some marital properties are valuable but come with additional costs. Real estate is a prime example. Owning land or buildings will require paying property taxes and maintaining the properties. You must determine whether a property’s potential for growth is worth the immediate cost. If you cannot afford the expenses, it may be wiser to allow your spouse to have the property or sell it. 

Maintenance Payments

Divorce laws are mostly rigid in calculating child support payments. Your respective incomes and the number of children will determine each of your child support obligations. However, spousal maintenance is more flexible. Divorcing spouses can decide whether they will include maintenance in their agreement and, if so, whether payments should be made monthly or given in one lump sum. Which is better for you depends on if you are the payer or recipient. Lump sum payments immediately benefit the recipient but free the payer from long-term financial obligations. The recipient is taking a risk on whether the lump sum will sufficiently support his or her future expenses. After this year, payers will also need to consider that they will no longer be able to claim an alimony deduction on their federal taxes.

Investing for the Future

Settling a high asset divorce requires consulting with a divorce attorney and a financial adviser. A Barrington, Illinois, divorce attorney with Joseph M. Lucas & Associates, LLC, can help you plan for your long-term financial stability. To schedule a consultation, call 847-381-8700.


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