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How wealth can affect divorce

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Divorces are not all the same even if the related state statutes would seemingly otherwise imply. The couple's wealth can actually impact the way a divorce plays out, both negatively and positively. Nevada residents who are undergoing or contemplating a divorce might be interested in finding out how their wealth can impact the way the proceedings develop.

Middle- and lower-income divorces might be sometimes difficult to settle because there is less wealth to go around. This makes it more challenging for one person to support two households, resulting in major changes to the lifestyle the family is used to, and it might lead to litigation. In some cases, a high-asset divorce can actually be easier to settle, particularly if both parties involved have enough income to continue living in the style they are accustomed to.

However, divorces among high-income couples can become more complicated due to the amount of assets that can be disputed. When high-income couples divorce and the process ends up in litigation, a large number of experts can be involved, particularly when there is a lot of subjectivity in such things as appraisals of the worth of certain assets. The calculation of child support can also impact high-income divorces if the amount is based on a child's needs instead of the guidelines normally used to determine the issue, and what constitutes the needs of a child of a high-income couple can also be very subjective.

Additionally, high-asset divorces that go to litigation can also have more unpredictable results, since judges often exercise discretion in deciding certain issues. In order to forestall these potential problems, a high-net-worth spouse may want to obtain the assistance of a family law attorney in negotiating a comprehensive settlement agreement.

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Standish Naimi Law Group Standish Naimi Law Group Standish Naimi Law Group logo Facing a family law issue is never easy, especially when your matter involves a dispute over child custody and/or your financial future. For family law matters such as yours, it is important to work with a law firm that is known for its superior representation, exceptional client service and the ability to untangle the most complicated legal issues. For many years, families throughout Summerlin, Las Vegas, Henderson and Southern Nevada have trusted attorneys Thomas Standish and Jason Naimi to
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