Divorce for the average American couple is lengthy and complicated as is. But, when it comes to the wealthy you are now looking at a high net worth divorce. Although the end goal is the same for both groups, the process varies significantly as the high net worth divorce involves more complex legal issues that can prolong the divorce timeline.
Depending on which party, if not both, holds the largest assets, and whether or not a prenuptial agreement was established, is the core of it all. We can take into example all of the celebrity divorces we have witnessed throughout the years: Elon Musk, Jeff Bezos, and Warren Buffet. Each of these divorces could have taken years to complete had any of them not reached a settlement with their former spouse.
All of them being notable entrepreneurs/business owners, these divorces could have affected their companies significantly. They could have not only influenced the business owners to act irrationally due to the stress of the divorce but, it could have also cost them a portion of their company if the settlement of the divorce was not satisfied.
High Net worth Divorce Cases
When it comes to protecting yourself, and your assets, you need proper representation that will help you overcome this process and keep your business or businesses unaffected.
Allen Gabe Law, P.C. has over 60 years of combined experience when it comes to handling divorce cases. Always prepared to provide representation for any and all divorce situations, including those specific to high net worth couples. Give our attorney at Allen Gabe Law, P.C. a call at (847) 241-5000 for legal guidance in a high net worth divorce. We help clients in Schaumburg, IL and the surrounding areas including Arlington Heights, Barrington, Hoffman Estates, and Palatine.