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Will your wealth make divorce even harder?

When going through divorce, you likely want things to be as easy as possible. The idea of assets adding more issues to the process is certainly not a pleasant one.

But how much do you actually have to worry about? Will your assets get in the way of an easier divorce?

Assets as tied to divorce

According to Business Insider, wealth does have a direct impact on divorce in many ways. In fact, it is one of the biggest reasons that couples even consider divorcing in the first place.

On top of that, many higher asset couples face the possibility of a spouse attempting to hide assets so as to avoid dividing them equally during the asset division process.

However, this does not necessarily mean that every couple – or even many couples – will face increased struggles during their divorce, even if they do have a decent amount of assets.

In fact, Business Insider’s look into couples showed that couples with over $5 million in joint net worth actually had the highest number of amiable divorces out of any other wealth bracket.

Financial security vs. insecurity

In the end, it might depend entirely on how you and your spouse see your assets, rather than how many you have. If you feel financially secure, you are far less likely to fight during the divorce process, and amiable divorce is a more viable option for you.

On the other hand, if you or your spouse feel financially insecure and fear for your financial future, this is more likely to manifest in arguments throughout the divorce process.

Weems, Schimpf, Haines & Moore | A Professional Law Corporation

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