The current trend is that of celebrities divorcing from left and right. High profile cases such as those with Tom Cruise and Katie Holmes are often the talk of the town. Because a lot of people look up to these celebrities, the trend they bring with them often gets followed.
Other high-profile couples such as Jennifer Lopez and Marc Anthony often have a lot of details involved. Lawyers from both sides scramble to get the most out of each other. From real estate awardees to multi-million hand-me-downs, no detail is left unturned.
For low profile but extremely wealthy couples here are some do’s and don’t’s to ensure a smooth transition in a divorce.
Do – Hire a lawyer. Divorce is a complicated thing. People are already dealing with enough stress.
Don’t – Ignore advice from a seasoned lawyer. Trust his/her recommendations to make sure that you get the most out of divorce settlements and agreements.
Do – Hire financial advisors. Divorce is almost synonymous with financial troubles. Divorces are already complicated. Lawyers too can handle only so much. Protect your finances and hire financial advisors.
Don’t – Make bad decisions. Publicly shaming your wife or husband can have a rubber band effect on you. These actions can also contribute to a jury favoring the other side more.
Do – Keep financial records. These papers are essential for winning in court.
Don’t – Refuse out of court settlements. Most often, these types of cases are settled even before it reaches trial. Only you and your partner can be the ones to come to agreements to solve this problem.
High net worth divorces are often the talk of the town. Divorce, being the complicated topic, makes cases like these more difficult. It’s important to know several issues regarding the case. The best course of action for both members of the couple is to let professionals do their job. For now, you and your partner should be on your best behaviors.