If you are preparing for the end of your marriage or trying to move forward after a high-asset divorce, you may be facing various challenges. We have covered many of these issues on our blog, such as property division and those involving children (custody, child support, etc.). However, there are additional concerns that may be raised during the process of divorce or some point down the road, which can be especially difficult for those who have significant assets. For example, identity theft can be a serious concern for some people and has created many problems for those who have been through a bitter divorce.
Identity theft can be especially problematic when a former spouse carries out this offense for different reasons. Sometimes, people are upset or hold grudges against their former spouse, while others may be experiencing financial need after splitting up with their marital partner. Often, a spouse has access to critical information, such as someone’s date of birth, their mother’s maiden name, credit card numbers, their social security number, and other details. From stealing funds from a financial account to opening a credit card in their ex’s name, identity theft can be a serious problem for some people who are in the middle of the divorce process or have split up with their spouse some time ago.
If you have a high net worth, you should try to protect yourself during and after a divorce. Our high net worth divorce section has more on this area of family law.