You probably realize that severe financial difficulties -- and the resulting stress -- can lead to the breakdown of marital relationships. However, did you know that an abundance of wealth is also capable of destabilizing a relationship? There's a growing body of evidence that indicates that good economic times and personal prosperity are actually bad for the longevity of marriages overall.
A high-asset divorce can result in quite a bit of stress. Not only do you have to worry about the here and now, but you also need to think about the assets you can secure to ensure a better future.
If you have plans to get a divorce, it's probably wiser if you don't wait until after the first of the year. In 2019, divorce is going to be more costly for some people.
Divorce rates for people over 50 have doubled in the last three decades, and that's bad news -- primarily because divorce has some seriously negative effects on seniors.
As you begin to tackle your high-asset divorce, you'll turn most of your attention to taking steps that allow you to secure as much property as possible. While compromise and negotiation are a must, the right strategy puts you in position for success.
Nobody wants to air all their dirty laundry in public -- and that's especially true when you have significant wealth to your name and belong to an elite social circle. Yet, keeping your private life actually private may not be the first thing on your mind when you're going through a divorce.
There are some marital assets that are easier to forget about than others. For instance, you might not think much about digital assets that you don't access regularly, like stocks you manage online or even savings accounts you don't regularly access.
As a female going through a divorce, you're probably aware that there are a few challenges you may have that others do not. A surprising 46 percent of women asked about divorce stated that it came with financial surprises they weren't prepared for, which is not something you have to go through. Good preparation and knowledge about the divorce process can help you.
Your life before divorce and after divorce is sure to be different. While this may bother you at first, it's important to realize that you now have full control over your future.
Any divorce has the potential for complications, but this is particularly true when a large number of valuable assets are involved.