Family Law Blog

Challenges in High Net Worth Divorces

Sunday, May 03, 2015

Divorce is never an easy or pleasant experience. However, your experience will become even more complicated, and therefore more traumatic, if you are a high net worth individual.

The wealthy actually have many challenges when it comes to a divorce, and not all of them have to do with division of assets. That doesn't mean however, that division of assets is easy in a high net worth divorce. In these cases, in fact, it is even more likely that spouses will disagree on matters like division of assets and alimony, often leading to litigation.

If you are planning a divorce, get in touch with a San Jose divorce lawyer and seek the best possible advice for your situation. While it is important to focus on keeping things as amicable as possible, especially if there are children involved, it is also important to protect your legal and financial rights.

One challenge that high net worth individuals may have is frequent travel for work that leaves them less capable of sticking to a standard parenting time schedule. Talk to an attorney about all of the restrictions that you have on your time, and how these can be taken to consideration while determining the parenting schedule.

Don't be in a rush to move out of the house. You may have had enough of your spouse, and no longer want to be in the same room with him /her. However, if you move out, it could affect your child custody schedule later. It's much easier for the court to simply decide in favor of the parent who remained in the house with the children. You however, may be considered the one who abandoned the children.