
A high net worth divorce is one which involves assets that have a high monetary value. While there is no formal definition of a high net worth divorce, it has traditionally been defined as a divorce involving more than one million dollars ($1,000,000.00) in assets.
People who approach those high net worth divorce situations tend to expect an expensive, drawn out process which relies on the court to make the decisions—and understandably so due to all that is involved. What might be surprising to learn, though, is that there are other processes to consider such as mediation which allows a couple to work together on a solution to divorce via a neutral third party that can offer multiple benefits to high net worth individuals. Below are some of those benefits to consider:
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