High Net Worth Divorce
Divorce is a complex legal matter, and high net worth divorce is particularly complicated. Vacca Family Law Group understands that high net worth couples who are divorcing have complicated financial affairs to protect and that they value discretion and privacy. The Vacca Family Law Group has extensive experience with high net-worth divorce cases that involve long-term marriages and complex asset and valuation issues.
High net-worth families value privacy and control and there are considerable benefits afforded to couples who choose to keep their high net worth divorce out of court and choose collaborative divorce or divorce mediation instead:
- Specialized Support
High-net-worth divorces can be complicated, and the best results come from a team approach. Collaborative divorce, as well as mediation, will involve specialized professionals such as divorce coaches, family specialists and financial specialists to form a team around the couple. The team members will work closely with each other as well as with the couples’ existing advisors, such as the wealth advisors, trust and estates attorneys, accountants and others. The goal is to assist the couple to make the best decisions possible around the complicated financial and emotional issues surrounding complex divorces.
- Flexibility and Privacy
Keeping your divorce “under the radar” and out of court means that you will have more opportunities to come up with creative solutions that suit your unique circumstances. These are often solutions that a judge could never provide because of limitations imposed upon them by the law. Additionally, negotiations are private so that information about your family and your wealth will never be disclosed in an open courtroom.
- Control Your Destiny
People with high net worth are used to having autonomy and are accustomed to calling the shots in their life. If you don’t like people making decisions for you, why would you give up control to a judge who knows nothing about you and may not be able to relate to your situation? This is one of the main reasons why we recommend that court should be the last resort for your divorce.
The divorce process is a stressful time for all families. High net worth divorce has added complications, risks and stress due to the need to divide complex financial assets and the costs needed to maintain the lifestyle to which the family has become accustomed. There are serious long-term consequences in high net worth divorce cases. The divorce attorney or mediator you choose can make the difference in the outcome of your divorce and the life that you and your children have in the future.
At Vacca Family Law Group, we have the extensive experience and knowledge necessary to offer you personalized and discreet representation. Contact us to schedule a consultation to discuss your unique situation and needs.
Learn More About High Net Worth Divorce
- High Net Worth Divorce Alternatives
A couple may go into a traditional divorce optimistically expecting it to be civil, only to realize during the process that the attorneys they’ve hired are actually leading them toward an all-out war. They also quickly discover that litigation means the loss of privacy, time – and expense – and start to wonder if there are other options. If this sounds like your divorce or if it sounds like what you’re foreseeing in your future, it’s not too late to change to a different divorce process... continue reading
- Having a High Net Worth Doesn’t Have to Lead to a High Conflict Divorce
Couples with considerable assets (which I will define here as more than $5 million) are often lead to believe that their divorce will be a “no holds barred,” brutal, lengthy process with astronomical legal bills and complicated offers and counter-offers. Because of this belief, many high-net-worth couples assume that mediation or the collaborative law process will not work for them. They couldn’t be more mistaken... continue reading
- Reuters: Your Money: Older couples ponder financial impact of divorce by Beth Pinsker featuring Andrea Vacca
The older you are and the longer the marriage, the more complicated the divorce typically is financially. Sometimes it is so daunting that couples end up living apart for years without filing for a formal divorce. Nevertheless, the number of so-called “gray divorces” of those over 50 has doubled in the last 25 years, according to the Pew Research Center... continue reading