Navigating a High Net Worth Divorce: Key Steps to Protect Your Future
Divorce is always a significant life event, but when substantial assets are involved, the stakes are even higher. A high net worth divorce—typically involving over $1 million in assets—requires careful planning, strategic thinking, and experienced legal counsel. At Simon Law Group, we understand the complexities that come with dissolving a financially intricate marriage. Here are the essential steps involved in navigating a high asset divorce.
Step 5: Evaluate Alimony and Lifestyle Needs
Alimony in high net worth divorces is often hotly contested. Courts consider several factors including:
- Duration of the marriage
- Standard of living
- Each spouse’s earning capacity and financial need
It's important to document your lifestyle, expenses, and contributions during the marriage to support or challenge alimony claims.
Stay tuned for the next in our series of Navigating a High Net Worth Divorce: Key Steps to Protect Your Future
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