Divorce of the wealthy may be friendlier

Divorce of the wealthy may be friendlier

On Behalf of | Oct 19, 2018 | Divorce, Firm News |

Money has an impact on everything people do in Wyoming and across the globe. It impacts how people dress, what they drive, where they live and how they spend their time. According to some, it may even affect how amicable they are during divorce. It appears that people who are considered wealthy may, in general, be more agreeable during their divorces than those who don’t have as much money. There are several reasons behind this logic.

The first reason for these amicable divorces is that those with have a lot of money can avoid much of the one-on-one interaction that the less wealthy often have to deal with. Wealthier people are more likely to communicate through attorneys and others who have been hired to handle their affairs for them. This practice keeps emotional communications at a minimum and leads to more business-like dealings.

Those with less money may tend to have less amicable divorces simply because of the impact every asset has on their financial security. While the rich are not as affected by small concessions within their divorce agreement, the less wealthy are more likely to feel like each term of the divorce significantly impacts their financial status, so they are more likely to fight over smaller items. The less wealthy are seeking financial security, so they have a drive to fight for things that the wealthy might dismiss as unimportant.

The often friendlier divorces of the rich can also be attributed to the fact that the wealthy are more likely to have prenuptial agreements. Prenuptial agreements outline many of the terms of the divorce and eliminate much of the arguing that couples without a prenup often endure. Prenups are not exclusive to the wealthy and are highly recommended for couples of all socioeconomic statuses. A knowledgeable attorney can guide any couple through the process of creating a prenuptial agreement that, if ever needed, will help ensure a smooth, cordial separation that doesn’t have to be battled out in a Wyoming court.