When people think of high-asset divorce, they may picture a contentious courtroom battle or financial concerns brought on by the division of marital property or a child support order. While these are issues that many people have to work through, there are many other ways in which people can be affected by splitting up with their spouse. As a result, if you are in the middle of a family law matter or a high-asset divorce is right around the corner, you should think about all of the ways you could be impacted as you try to prepare.
Sometimes, a person who has children may experience depression, anxiety, or anger following a custody decision. For example, they may not be able to spend as much time with their child, which causes them to be stressed out about their child’s well-being or miss them. On the other hand, a even a parent who has been granted custody may be affected if they need to relocate with their child after a divorce, which could bring on an overwhelming amount of uncertainty and stress.
All sorts of financial issues can arise with respect to family law matters, from difficulties with a spousal support order or child support to the way that marital property was split up by the court and this is particularly true for those with a high net worth. Moreover, simply breaking up with a spouse and living independently can lead to a number of financial and emotional concerns. Fortunately, people can take steps to address or even prevent these issues and our high-asset divorce page has more on ending marriage.