A divorce involving couples with more than one million dollars in net liquid assets traditionally defines a high net worth divorce. The division of property and various assets can be extensive and extremely complicated for individuals with a high net worth, and they’re likely to go the extra mile to protect their interests. The experts from Divorce Options San Diego—experienced professionals who are transforming the divorce process with expert divorce mediation San Diego couples rely on for creative customized divorce solutions—discuss high net worth divorces and how using mediators instead of lawyers can make these types of divorces go more smoothly.
Privacy, Flexibility, and Control
Negotiations are private when using divorce mediation, so the issues discussed will never be disclosed, unlike in an open courtroom, where your family and assets are addressed in detail. The limitations of traditional court proceedings could prevent you and your spouse from coming up with creative solutions, which is why divorce mediation is the best choice. You both maintain control of the situation and have complete privacy and flexibility.
When going through a high net worth divorce, complex financial issues will require more time for analysis. In a traditional lawyer-centered divorce, attorneys will detail every financial asset when advocating for their clients. The time put into data collectors, evaluators, and forensic accountants could prolong the process. Attorneys will focus more on the judge in family court instead of analyzing assets and their worth. However, choosing divorce mediation can be less time-consuming yet still extremely thorough.
It’s often difficult for a couple to communicate when involved in a high net worth divorce, especially when the spouses realize their lifestyles are going to change significantly. Even if the assets aren’t divided equally, the income streams for both individuals will be impacted. A divorce mediator is a neutral third party whose primary purpose is to help the parties develop a mutually satisfactory agreement. The mediator won’t require spouses to meet face to face. Your mediator can speak with you each individually and relay written correspondences and all pertinent documentation between you and your spouse.
You and your spouse will likely continue to have ties after your divorce, whether those connections are personal or business related. Therefore, you should consider using divorce mediation to avoid a hostile court battle. After your high net worth divorce is granted, you could maintain a civilized relationship going forward.
If you need more detailed information about high net worth divorces, reach out to the experts from Divorce Options San Diego. Even if your divorce involves intricate financial issues, you still don’t have to spend a lot of money on lawyers. Every aspect—financial, legal, and practical—of amicable, respectful divorce agreements can be managed by Divorce Options San Diego’s trustworthy, experienced divorce mediators. San Diego couples can rely on our thorough mediation process, one that’s so comprehensive there won’t be a need for attorneys to get involved. We perform all our services ourselves—we’re the experts, so we don’t hire outside professionals. To find out more about how we can assist you with every part of the divorce process, call us today at 858-281-2628.
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