Going through a divorce as a wealthy couple can be a daunting task in Indiana. There are many things to consider, such as how to split the assets and how to deal with child custody. However, when you understand the family law process, you can make the best decisions for yourself and your family.
Why is grey divorce among high-net-worth couples difficult?
One of the reasons why family law attorneys have a hard time dealing with older couples who divorce is because their assets may be more difficult to split. For example, one of them may own several family-owned businesses or companies that need to get sold and split equally between both parties.
Additionally, if the couple has been married for many years, they could have accrued a large number of assets and debts. Dividing these fairly can be a complicated process, especially if there are disagreements between the couple.
How does family law work in this situation?
Usually, when a couple divorces, they can either come to an agreement with their attorneys or ask the court to decide. However, couples in this situation may have more complex disputes that require them to go before a judge.
One of the most common complications is child custody and visitation arrangements. In most cases, the parents come to an agreement about who gets custody of the children and how often they get to see them. However, if they can’t agree, the court may order supervised visitation or even take away custody from one of the parents.
Another issue could be alimony payments. The spouse who earns less money may have a hard time affording living expenses on their own and request financial support from the wealthier partner. However, if this person is able to find a job that pays well, their alimony payments may be reduced or even stopped.
It is important to remember that every divorce is unique and the best course of action will always vary from case to case. However, by taking time to understand the family law process in this situation, you can make the best decisions for yourself and your loved ones.
