Navigating High Asset Divorce Tax Issues: A Guide for Attorneys

Navigating High Asset Divorce Tax Issues: A Guide for Attorneys

Divorce is never an easy process, especially when high assets are involved. Apart from the emotional strain, there are complex financial and tax considerations that can significantly impact the outcome of the divorce settlement. As an attorney, understanding and effectively addressing these tax issues is crucial to ensure your client’s financial well-being during and after the divorce proceedings. In this blog, we will explore some key high asset divorce tax issues that attorneys need to address.

The Basics of Asset Division in Nebraska Divorces

The Basics of Asset Division in Nebraska Divorces

In Nebraska, like in many other states, marital property and nonmarital property are key considerations in divorce proceedings, especially divorces with high assets and those involving a family business. The division of property is governed by state law, and Nebraska follows the principles of equitable distribution.