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Top reasons many millionaires shy away from divorce

On Behalf of | Oct 2, 2017 | Blog |

Wealthy people often lament that their material luxuries do not provide happiness or peace of mind in their lives. In fact, some very rich and famous people have advised others to focus on the simple things in life and to develop close relationships with their families rather than constantly focus on getting more money.

If you have high-value assets, you may or may not agree with such sentiments. If you’re currently contemplating whether divorce is the most viable option to resolve your marital problems, you may want to consider what other wealthy people have said about the topic.

Reasons people with high assets avoid divorce

It may surprise you to learn that immensely wealthy people often stay in unhappy marriages for various reasons. The list below includes some of the most common:

  • Some people would rather remain miserably married than endure significant loss of assets in property division proceedings.
  • Many say that they don’t want to bear the financial burdens of divorce and would rather ride out whatever marital storm comes their way, while often committing adultery with other people.
  • Those who acquire most of their assets after marriage are most likely to hesitate when it comes to divorce because of marital property laws.
  • Many wealthy people worry that getting divorced will negatively impact their professional careers or business opportunities.

It’s no secret that divorces involving high net worth assets sometimes get pretty ugly. You may have read about some very famous celebrities who have battled it out in court regarding child custody, child support payments, or alimony. If you and your spouse are able to communicate amicably, that may not be a problem for you. However, if there’s already contention between you, tempers may flare even further when it comes to dividing assets or constructing a new parenting plan.

It’s good to remember that being wealthy doesn’t necessarily impede your ability to achieve a fair and agreeable divorce settlement. The bottom line is that you may be wealthy but you may also be prone to the same feelings, emotions and problems as the average income family. It’s true that marital property division and other financially related matters in divorce may be a bit more complex and complicated in situations like yours. That’s why it’s often best to make sure you head into court alongside an experienced and aggressive Board-Certified expert family law attorney.