Divorce is a difficult process to navigate, especially when there are significant assets that need to be divided. A high-asset divorce can be a long, complex, and emotional process, even more so if there is conflict with your spouse. In this blog, we will explore how conflict with your spouse can affect your high-asset divorce and the steps you can take to mitigate the negative impact.
Prolonged Legal Battles
One of the most significant impacts of conflict with your spouse in a high-asset divorce is that it can lead to prolonged legal battles. When you and your spouse cannot agree on who gets what property, you may need to take the case before a judge. This can be a long and expensive process that can be hard on everyone involved.
The longer the legal battle, the more expensive it becomes. This is why it is important to work with an experienced attorney who can help you navigate the legal system and find common ground with your spouse.
Another impact of conflict with your spouse in a high-asset divorce is the emotional strain it can cause. Divorce is a stressful time for everyone involved, and conflict with your spouse can make things even more emotionally challenging.
You may feel anger, frustration, and resentment because of your divorce alone, and adding in conflict will most likely intensify those emotions, which can make it difficult to make rational decisions that are in your best interest. It is important to take care of your emotional well-being during this time and seek support from friends, family, or a professional therapist.
Property Division Disputes
The division of property is one of the most contentious parts of a high-asset divorce. When there is conflict with your spouse, it can be challenging to agree on who gets what, and in cases where spouses cannot agree, the property division determinations will be left to the court.
In some cases, one spouse may try to hide assets or undervalue them to give them an unfair advantage. In others, if you and your spouse have a more contentious relationship, either party may try to be vindictive or vengeful by being difficult or not making concessions during the division process.
A Negative Impact on Children
If you have children, the impact of conflict with your spouse can be even greater. Children can pick up on the tension and stress of a high-asset divorce, which can affect their emotional well-being.
It is important to keep your children's needs in mind as you navigate the divorce process. You and your spouse should work towards creating a co-parenting plan that is in the best interest of the children. This can include determining custody, visitation schedules, and child support.
Loss of More Time & Money
Finally, as we mentioned, conflict with your spouse in a high-asset divorce can be a significant drain on your time and finances. The longer the legal battle, the more money you will need to spend on attorney fees and court costs. You may also need to take time off work for court appearances and meetings with your attorney. This can take a toll on your finances and affect your ability to move on with your life after the divorce.
The attorneys at the Law Office of Dennis R. Vetrano, Jr., LLC offer comprehensive, high-quality divorce services. Our firm handles high-asset and high-net-worth divorce cases, and if you and your spouse have a contentious relationship, we can help you make informed case decisions and avoid making costly mistakes. We can also handle the communication with the other party (or their legal counsel) and help you protect your rights and interests throughout the proceedings.
Schedule an initial consultation today by calling (845) 605-4330.