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Unique challenges with high-asset divorce

| Mar 23, 2018 | High Asset Divorce |

Sometimes, bringing a marriage to an end can be incredibly tough and there are certain factors, such as whether or not children are involved, which can further complicate matters. However, some people may face additional challenges when they decide to split up with their spouse, such as those who have a high net worth. If you are preparing for a high-asset divorce, it is essential to understand some of the ways in which your experience throughout the divorce process may be more difficult and prepare accordingly.

Not only does a high-asset divorce often involve so much more at stake, from a financial point of view, but the process of distributing marital property can be more complicated and time-consuming. After all, with sizable assets it can be trickier for the court to decide how property should be split up and emotions can run high, leading to contentious disputes which drag on in the courtroom.

Aside from property distribution, high-asset divorces often involve a high-profile couple, which can lead to a lot of unwanted attention in the media, across social media sites, and the local community. In fact, divorce can be so difficult for some people that it impacts their ability to lead their company or perform their job responsibilities, resulting in additional financial difficulties.

Although divorce can be tricky, especially for those with significant assets, carefully looking at your options can help tremendously. If you are getting ready to file for a divorce, our high-asset divorce page offers more information about the end of marriage.