When planning for a divorce, as you probably already know, finances play a large role in the divorce process. In many cases, the financial aspects of a divorce are usually the most overwhelming on all parties involved. There are many financial topics to take into consideration including, but not limited to, asset distribution, alimony, child support, retirement accounts, pensions, checking accounts, savings accounts, stocks, bonds, offshore investments, and more.

One financial consideration that most people overlook is life insurance. Commonly, individuals are so focused on the emotional toll of divorce and other financial aspects of the marital estate that they do not consider life insurance policies.

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If you know you are approaching a divorce, and are in a high net worth marriage, you may feel stuck because of all the assets, investments, businesses, etc. that you manage or take part in. One of the first questions someone might ask you is if you have a prenuptial agreement with your spouse.  If the answer is no, and even if you do have a prenuptial agreement, you need to take the right steps forward to make sure you protect your interests during your divorce.

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It is not a secret that one of the leading reasons for divorce is money, and since high net worth marriages involve more money than other marriages, money plays an even more significant role when high net worth divorces occur.

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If you know your marriage is headed for a divorce, you are probably wondering how you can prepare yourself and what you need to do to get the divorce process started.  Divorce is a complicated topic and one that can be life-changing – for good or for worse depending on the circumstances – so being prepared and covering all your bases is crucial.

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Many things change during and after a divorce. Your living situation, how often you see your children, and your finances are just a few of the things that adjust in your life due to a divorce. One thing that many do not think about until they are working through it, though, is how filing taxes will change as a result of a divorce.

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Pittsburgh Attorney Blog | January, 2021

In September, 2020, Attorney Darren Oglesby completed his interdisciplinary collaborative practice training, adding to his repertoire of creative ways to craft peaceful resolutions in the domestic relations sphere.  Mr. Oglesby joined the Collaborative Law Association of Southwestern Pennsylvania (CLASP) in January 2021.  Mr. Oglesby has always explored agreed-upon solutions where possible, even in highly contentious divorce matters.  However, by teaming up with other CLASP attorneys, he is now able to walk clients through a group collaborative process that offers a genuine alternative to traditional litigation.  He looks forward to working with clients who wish to avoid the stress and heartache of contentious litigation.  For more information, visit CLASP at: https://clasplaw.org/.

In 2019 Wilder Mahood McKinley & Oglesby completed the latest hardbound edition of Pennsylvania Family Law Practice and Procedure.  This newest edition of the leading treatise on Family Law in Pennsylvania is now available.  The Firm has updated our book to encompass the latest decisions and trends in family law, especially in the area of same-sex relationships.


While every divorce is different, one thing is certain – high net worth divorces have an extra layer of complication since there is so much at stake in these types of situations. Most high net worth divorces have an extensive division of assets that can include real estate, property, stocks, businesses, investments, retirement accounts, trusts, and other valuable property.

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Many changes will occur in an individual’s life after a divorce is final. One of those things may be how you spend time with your children. Unless there are negative factors involved–such as domestic violence or substance abuse–you may be in a position where you are now a co-parent sharing custody of your children with your former spouse. Co-parenting means that both parents play an active role in their children’s lives and that the parents can effectively communicate to enable joint decision-making. This is ideal in most cases because the children can keep a close relationship with both parents and the parents are actively involved in the children’s care and upbringing.

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There is a lot of information out there about divorce – how do you file for a divorce, what is the divorce process like, what are the laws in my state; however, there is not much discussion regarding the events that occur after the divorce has been finalized.  After the divorce decree has been issued, what happens next?   

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