You and your spouse have worked hard to maintain a comfortable standard of living. In some ways, your high net worth makes your divorce easier; you enjoy greater flexibility with post-split housing and are less likely to fall into debt. The downside? You might struggle to keep the details of your divorce under wraps, especially if you’re a public figure.
It’s not easy to maintain privacy during a high net worth divorce, but it’s certainly possible. Keep these key considerations in mind as you proceed:
Diverse investment portfolios complicate matters during divorce, making it exceedingly difficult for many couples to settle their differences out of court. If, however, you want to keep your personal matters quiet, mediation or collaboration may be your best options.
In high net worth divorces, mediation and collaboration work best for spouses with similar earning power. If one spouse earned far more while married than the other, a harmful imbalance of power could ensue.
Seek Sealed Records
While courtroom divorces are technically a public matter, record sealing is available in select circumstances. For example, courts may approve sealed records if public access could harm spouses’ children. Sealed records may also occur if domestic violence played a role in the relationship.
Social Media Lockdown
Your behavior on social media could destroy any semblance of privacy surrounding your divorce. Some spouses go so far as to develop social media clauses, which restrict certain types of content. When in doubt, avoiding posting anything about your divorce, even if you’ve already maximized your social media privacy settings.
On the hunt for a discreet divorce attorney capable of keeping your personal life private? Look to the law firm of Barna, Guzy & Steffen, Ltd. for sensitive legal representation. Call (763) 783-5146 today to learn more.