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Attorneys can help inviduals understand a high asset divorce

On Behalf of | Jun 13, 2018 | High Asset Divorce |

Reportedly, Angelina Jolie has felt frustration with the process of separating from her spouse Brad Pitt. Not having processed a high asset divorce before, she likely was unaware of ARTO, an automatic temporary restraining order that is in place to prevent one spouse from traveling with kids without the other spouse’s consent through written permission or a court order. Once a divorce process begins in Pennsylvania there are several things a spouse must consider to prevent unnecessary hiccups or legal trouble.

Attorneys will guide a client through all the rules that must be considered with a couple’s finances. A special court order is typically required for one spouse to sell or make any large financial transactions during the proceedings. Typically, only basic living expenses are approved, and large transactions such as selling a house, car, shopping sprees or investment changes must be approved by a court order.

Additionally, caution is required when a spouse is covered on one’s insurance plan. A spouse cannot be removed from a health insurance plan until the court approves. While it may not seem convenient to wait when the desire is to begin a new life, it is a good protection to ensure that a spouse has adequate time to find health insurance coverage.

Breaking up is hard to do, but attorneys are knowledgeable of all the intricacies that must be considered. A high asset divorce will understandably be difficult to separate assets accumulated over the years of marriage.  A Pennsylvania family law attorney can advise clients through all the steps and court orders needed throughout the process.


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