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How do assets impact divorces?

On Behalf of | Oct 20, 2022 | Blog, Divorce

Many rumors exist surrounding the impact of assets on divorce. It is commonly believed that a couple with higher assets will likely fight even harder during the asset division process.

But that is not necessarily the case. However, assets in general seem to have a definite effect on how a divorce will go.

Higher wealth and amiable splits

As Business Insider discusses, divorces do see a degree of change based on assets and other financial factors. However, the amount of assets a couple has eventually stops negatively impacting the divorce itself.

In other words, couples with a high enough net worth tend not to fight as much over their divorces. In fact, amiable divorces are at their highest level among couples with a combined net worth of at least over $5 million.

The fighting wealth bracket

On the other hand, couples with a net worth of $1 to $5 million tend to argue quite a bit over the divorce. It is speculated that this is because of financial insecurity. Divorcing couples at this level of wealth do not have enough money to be set for life, but they have been able to experience a more affluent lifestyle. In their fear of losing that lifestyle, they will be at each other’s throats during asset division to keep as much as possible.

Likewise, couples with less than $1 million in joint net worth fight over assets, too. However, this is more of a survival struggle rather than a lifestyle or comfort struggle. One wrong move in divorce at this wealth bracket could potentially put someone’s ability to support themselves at risk, making it a much more intense issue.

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