A high net worth divorce is one in which the net worth of assets open for liquidation exceeds $1 million. This type of divorce may be common among former couples who founded successful companies during the marriage.
High net worth divorces are not like the average marriage dissolution. It is not uncommon for proceedings that involve a lot of money and assets to turn into a legal battle with a lot of objections. In fact, high net worth divorces tend to carry on for many years because of the failure of both parties to come to workable terms.
It is nearly impossible for individuals going through high net worth divorces to come to a resolution regarding the marriage dissolution without a divorce lawyer on both ends. In some cases, it is even necessary to involve a mediator who serves as the unbiased party who brings reason to the situation.