When affluent couples divorce, there can be a lot of assumptions about the process. People often assume it will be contentious, lengthy and public, for instance. Of course, this is not always the case, but divorces where there is a lot of money at stake do tend to invite more complexity and attention.
Although an emotional process, a logical outlook while going through the minutiae of the divorce can help reduce the risk of any surprises once the divorce is finalized.
Owning a business can come with many perks. For those who are interested in protecting only their own financial interests during a divorce, some of these perks might be manipulated into tools to hide assets from a future ex.
A common misconception is that the financial status of a husband can reliably predict divorce. If it is too low, the theory goes, a couple is more likely to divorce, presumably because the husband is not living up to the expectation of being a breadwinner. As is often the case, however, this stereotype paints an incomplete picture.
Divorce is always difficult, but when high assets are involved a single mistake can translate to big losses. One mistake to avoid is failing to take certain assets into consideration when dividing marital assets during the divorce proceeding.
Divorce can be an intimidating process. Breaking it down into tangible portions can help make it more manageable.
Child custody is the "term that refers to rights and responsibilities for each parent and child." It is a term used to determine the amount of "time a child is going to be with each parent and each parent's responsibility to make decisions on behalf of the child."