Things to avoid during a high-asset divorce

On Behalf of | Apr 19, 2019 | High Asset Divorce

A number of Texas residents have likely followed the divorce of Jeff and MacKenzie Bezos. A topic that may be of interest to many is how the divorcing couple will be able to divide the wealth that their business was able to accumulate. Unquestionably, dividing up an estate as large as this one is going to be complicated.

Owing to the fact that Jeff Bezos is the wealthiest person on the planet, it is safe to say that complications naturally arise in a high-asset divorce such as this. There are a number of lessons that anyone going through a high-asset divorce can take away from this breakup, and many of these lessons can be beneficial to a divorcing couple regardless of their financial situation.

A good lesson that can be learned from this high-profile divorce is the importance of having a unified story. Even if in private the divorcing couple cannot stand each other, it is best to have a solid narrative in public. Doing this sets the tone for the entire divorce. It helps family members, friends and especially any children involved to understand what is going on and minimizes gossip and unfounded accusations. When spouses badmouth each other publicly, it often leads to friction that finds itself playing out during the divorce proceedings. If each spouse digs in their heels, a divorce that could have been handled relatively quickly may take years to settle and cost the clients untold amounts in legal proceedings.

During a high-asset divorce, an individual may consult with a family law attorney. The attorney may have experience in dealing with complex division of real estate, offshore accounts and more. They may be able to advise their client on how to handle situations that will arise during the divorce as well as represent their client in court if necessary.