While divorce or loss of a spouse is challenging for everyone involved, it’s often a tougher burden for women who may not have been intimately involved in the family’s finances, actively participating in a family business, or even privy to the various professionals who helped manage and protect the family’s wealth.When couples face divorce, there are myriad issues and concerns that need to be navigated. When a wealthy couple divorces, those issues become imminently more complex.
Having a holistic view of your client’s entire financial picture can help lead to a successful settlement. As a divorce attorney, you have a unique opportunity during the divorce process to help set up your client for future financial independence and success. Having the right data and a holistic view of your divorcing client’s financial picture are important in achieving an advantageous settlement.
This blog was written exclusively for It’s Over Easy® and addresses the additional challenges of divorcing during the holidays and a pandemic. Although we may not have full data for some time on how COVID-19 has affected divorce rates, there is evidence to suggest the pandemic did indeed put high strain on more marriages.