Entries by Pence Law Firm PLLC

Uncovering Undisclosed Assets During a High Net Worth Divorce

Hidden assets are a more frequent problem in high-net-worth divorces due to the substantial money and property involved. This can tempt individuals to hide some of their wealth to get a better deal in the divorce settlement. The various types of financial assets, like multiple bank accounts, investments, and properties, make it easier for some […]

The Complexities of Trust Funds in High Net Worth Divorces

Going through a divorce forces you to face difficult financial, mental, and emotional challenges. When trust funds come into play, things can get even more complicated. Trust funds are meant to manage and protect assets, but they can also make dividing property during a divorce harder. If you or your spouse have a trust fund, […]

The Pros and Cons of Mediation vs. Litigation in High Asset Divorce Cases

High-asset divorce cases can be complex and emotionally charged. When significant financial assets are at stake, choosing the right approach to resolving the divorce is crucial. Two common methods for handling these types of divorces are mediation and litigation. Each has its advantages and disadvantages, depending on the specifics of your situation. Wondering how you […]

What is the Impact of a Career Change on Alimony and Child Support Decisions in West Virginia?

Making a career change can be an exciting time filled with opportunities for personal growth and professional advancement. However, it can also have significant implications for your financial obligations, particularly when it comes to alimony and child support, before or after divorce. If you owe or receive alimony  in West Virginia, it’s important to understand […]

What Not to Do in a High Net-Worth Divorce

Navigating a high-net-worth divorce can be a daunting experience, marked by significant emotional and financial stakes. These complex cases often involve substantial assets, investments, and properties that require careful consideration. Making informed decisions during this challenging time is crucial to protect your interests and avoid costly mistakes. Here are some tips on what not to […]

How Do You Divide Equity in a Home When Divorcing?

Divorce comes with numerous emotional and legal issues to navigate. One of the most significant concerns for divorcing couples is dividing home equity. Understanding how to fairly and legally divide this valuable asset is essential to ensure both parties are treated equitably. The family home is often one of a couple’s most valuable assets, particularly […]

What is the Leading Cause of a High Asset Divorce in WV?

In West Virginia, high-asset divorces are becoming increasingly common, presenting unique challenges and considerations compared to standard divorce cases. Understanding the intricacies of such divorces is crucial, especially as they often involve substantial financial stakes and complex legal issues. Here are some common causes of high asset divorce. Considering a divorce in West Virginia? Let’s […]

The Role of a Forensic Accountant in a High Net-Worth Divorce

Divorce is a challenging and emotionally charged process, especially in high-net-worth cases where significant assets are involved. One critical player in navigating this complex landscape is the forensic accountant. A forensic accountant specializes in investigating financial records and transactions, helping to ensure a fair division of assets. Wondering if you need a forensic accountant for […]

What Year of Marriage is Most Common for a Divorce?

Divorce can be a difficult topic for many couples—no one plans their wedding with the thought of divorce on their minds. It often comes with a mix of emotions, uncertainty, and legal complexities. Understanding when divorce is most likely to occur can provide insights into marital dynamics and help couples navigate their relationships more effectively. […]