Going through a divorce is difficult enough, but when there are high assets involved, it can become even more complicated. If you are in the midst of a high-asset divorce in Chicago, it is important to be aware of the mistakes that can make the whole process much more complicated than it needs to be. In this blog post, we will discuss some of the most common mistakes made during high-asset divorces and how to avoid them.
Hiding or Failing to Disclose Assets
One of the most common mistakes made during a high-asset divorce in Chicago is hiding or failing to disclose assets. This can be a costly mistake, as courts will often award the entire value of any hidden assets to the non-disclosing spouse. If you are going through a high asset divorce, it is important to be upfront and honest about all of your assets, regardless of how much they are worth.
Failing to Hire an Experienced Attorney
Another mistake that is often made during a high-asset divorce is failing to hire an experienced attorney. This can be a costly mistake as well, as an experienced attorney will know how to navigate the complexities of a high-asset divorce in Chicago, ensuring that the final outcome is fair for both parties. An experienced attorney is a crucial component to the successful resolution of any high-asset divorce.
Fighting Over Every Little Thing
Another mistake that is often made during a high-asset divorce is fighting over every little thing and holding a sense of entitlement. This only prolongs the process and makes it more expensive, as each issue will need to be litigated.
