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Overcoming potential high-net-worth divorce obstacles

On Behalf of | Jan 16, 2019 | Divorce

It’s safe to assume that a lot of Ohio residents have caught wind of news about Amazon founder Jeff Bezos’ divorce. Bezos and his wife of 25 years announced plans to split shortly after the start of the new year in 2019. While not too many couples in the Buckeye State — or any state — have the kind of money the Bezos family has, most high-asset divorces face obstacles over splitting complex assets.

The Bezos family has stated mutual intentions to make their divorce an amicable split, which is one of the main ways a high-asset couple can avoid major challenges. It can also be helpful for separating spouses to remain highly focused on their individual priorities. Such efforts may involve maintaining community and social obligations and attending work or family functions without visible signs of conflict.

While prenuptial agreements can bypass state laws on dividing property, they won’t always ensure a clean break. That’s because documents of this nature often get challenged in court, especially if there was a huge uptick in the value of assets during the course of the marriage. However, a couple can decide to exchange different types of assets.

During a high-asset split, an attorney may be more inclined to recommend settling. However, legal counsel can also fight for a client’s best interests. In addition, a lawyer can play a role in helping a divorcing spouse put together a team of professionals to tackle various divorce-related tasks. This group of experts may include CPAs and forensic accountants, financial analysts and business valuation experts.