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In Massachusetts For Over 30 Years


In Massachusetts For Over 30 Years

How do wealthier couples manage divorce?

On Behalf of | Oct 21, 2022 | divorce |

When wealthy couples go into a divorce situation, many people expect things to explode. Sometimes they do, but this does not always happen.

On top of that, the explosions that do happen are not always related to assets and finances, unlike popular opinion.

Wealthy couples and their fights

Business Insider sheds some light on cases of divorce with high-net-worth individuals. This study actually reveals that couples with a net worth of $5 million or more tend to have more amiable divorces than couples in other wealth brackets.

When these couples fight, they seem to fight less over material goods like houses, property, cars, and money. Instead, they fight over immaterial things like social status or standing.

But why is this the case? There is no solid answer for it yet, but speculation indicates that financial security may be a driving force behind the amiability of these divorces.

Lack of financial insecurity

Couples with such a high amount of assets tend not to fear the financial repercussions of a divorce. Even if they lose half of their net worth or have to pay expensive spousal support for a period of time, it will likely not be enough to significantly impact their current way of life.

Of course, this is not the same for every couple, and some do get into nasty spats over the division of property and money. But this is more common in the $1 to $5 million wealth bracket, who suffer from a higher level of financial instability and insecurity than their wealthier counterparts.