Posts tagged "High-Asset Divorce"
This blog has previously talked about the difficulties that men may face when they are going through a divorce and have to valuate some of their higher dollar assets, including their family business. In addition to estimating a business's worth, an Omaha man going through a high asset divorce will also have to figure out, on a practical level, what to do with his business after the dust settles. For that matter, men going through a legal separation or even just a breakup with a long-term business and personal life partner may also face the same questions.
Some men in the Omaha area may be fortunate enough to have an employer who offers stock options to them. A popular fringe benefit among executives and other professionals, stock options allow a person who receives them to purchase valuable company stock at a discount.
As this blog has discussed on previous occasions, many men in the Omaha area have a lot of wealth tied up in their retirement plans. While individual retirement accounts, or IRAs, are available, many if not most Nebraskans utilize their employers' 401(k) plans. Government jobs, as well as a few large private businesses located in Omaha, also offer pension plans.
A previous post on this blog talked about how Omaha men can protect their business assets via a premarital agreement. Indeed, in some cases, one's business partners can even insist that a man execute a premarital agreement before tying the knot just to make sure the enterprise is protected from the fallout of a high-asset divorce.
One of the nicest perks that many Omaha men enjoy at their jobs is fringe benefits. Many, if not most, people get some sort of fringe benefits, even if it is only paid vacation. However, particularly among executives and professionals, other lucrative benefits may be available as well. For instance, a man may get the benefit of using a company car even for his personal transportation. In other cases, he may be able to use stock options to buy company stock at a below-market price, thus making hundreds if not thousands of dollars almost instantly.
A previous post on this blog talked about how more people, particularly those in the Millennial generation, are choosing to live together either before marriage or even with no plans to marry at all.
A previous post on this blog talked about how men in Nebraska, for a number of reasons including divorce, may need to get an estimate on the value of their share in a family business or other small enterprise.
Many men in the Omaha area provide for their families in part by buying additional properties and then either re-selling them or renting them to tenants. These properties may be other homes in Douglas County or Sarpy County, or they may be commercial property.
In general, a Nebraska divorce will be governed by the property division and child custody and visitation laws of this state. However, for those many men and women who are serving their country in the Omaha area, their divorce or legal separation may involve some unique complications because of their active duty status.