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What is the Best Way to Divorce Someone With a High Net Worth in North Carolina?

We all know that normal circumstances change whenever a large amount of money is involved, and the same is definitely true for divorces in North Carolina. There may be all kinds of additional factors and considerations you need to consider if you are planning on divorcing someone with an extremely high net worth. It is important that you approach this process with the help of a skilled divorce attorney, especially if you want to walk away with your fair share of the family estate.

That being said, divorces are not just about money. You also need to consider other matters, such as child custody. How does your spouse’s tremendous wealth affect your chances of spending time with your children? Will you have the ability to provide an adequate standard of living for your children after the divorce? Remember, your children may be used to living a lifestyle that is defined by an almost limitless access to wealth.

In the end, there is only one question that really matters: What is the best way to divorce someone with a high net worth?

This question is probably best left answered by a legal professional. Get help from an experienced divorce attorney in North Carolina. Our legal professionals are well aware of the unique considerations associated with high-net-worth divorces, and we can guide you through the process. Internet research is a step in the right direction, and it can provide you with a greater understanding of the general divorce process. But in order to make genuine progress, you really need to sit down face-to-face with our qualified attorneys for a consultation.

A Collaborative Divorce is a Solid Choice

A collaborative divorce is often the best choice when divorcing someone with a high net worth. This is due to a number of reasons. First of all, collaborative divorces are generally much quicker than a typical, litigated divorce. This is absolutely crucial when you are dealing with a high-value family estate, as these divorces usually take a considerable amount of time to finalize.

When you are dealing with a large number of high-value, complex assets, you obviously need to spend more time going over the property division process. Saving time is crucial in this scenario, and a collaborative divorce cuts down on this by keeping the divorce out of the courtroom. Litigated divorces can be dragged out for months or even years, especially if there are many complex assets to consider.

Consider the Children

A collaborative divorce is also a better choice for children, generally speaking. First of all, wrapping up the divorce quickly and efficiently is usually better for their mental health. The period of uncertainty is over without much of a delay, and they can start getting used to the new family dynamics. In addition, a collaborative divorce can take into account unique factors that may be important for families with considerable wealth.

For example, a typical child support agreement does not include college tuition, and this cannot be enforced by the courts. However, you and your spouse can agree to include college tuition in your divorce agreement when you negotiate during a collaborative divorce. You may also choose to include a range of other expenses in the child support payments that reflect the expensive lifestyle to which the children have become accustomed.

Collaborative Divorce Requires Honesty

With all that said, it is important to note that a collaborative divorce requires both spouses to be very honest and open, especially when it comes to financial matters. Since the discovery process is only informal, there is no real legal obligation to be forthcoming about financial matters. Both spouses must take it upon themselves to be honest and reveal as much information as possible about their financial assets and their income. Concealing assets can lead to all kinds of problems, and unfortunately this is relatively common among spouses with high net worths.

Enlist the Help of a Qualified Attorney Today

If you have been searching the North Carolina area for a qualified, experienced divorce attorney, look no further than Arnold & Smith, PLLC. Over the years, we have helped numerous spouses achieve positive outcomes with their divorces, including those who are separating from high-net-worth individuals. With our assistance, you can approach this difficult situation in the most effective manner possible. A collaborative divorce is a solid choice in this situation for many reasons, and this process can help you walk away from your marriage with your fair share. Perhaps most importantly, you can get on with the next chapter of your life as quickly and efficiently as possible with our help. Book your consultation today.