Money is typically a primary concern when couples divorce, even when they are affluent. If you or your spouse is a high earner, unique financial issues can arise during your split. Preparing for these can help you navigate your divorce more confidently.
Calculating child support
In Nebraska, parents can get an idea of their child support obligations by using a support calculator. These tools factor in:
- Parents’ income
- Number of children
- Health insurance payments
- Other child support obligations
However, using these calculations could give an unfairly high number if you are a high earner. Under these circumstances, deviating from the standard guidelines can be necessary to ensure a support order is appropriate.
Assessing marital, separate property
Having a lot of money, property or other assets can complicate property division. Between robust investment portfolios, real estate and other highly valuable items, you may not know just how much is at stake in the split.
Often, parties in this situation work with forensic accountants and other financial professionals to categorize property and assign values to everything.
Protecting your privacy
Divorce is an emotional process, and it entails sharing personal information. Parties might reveal embarrassing, private or other intensely personal details about themselves or their soon-to-be ex, not to mention specific information about finances.
Divorces involving affluent couples can draw more attention than other divorces. People from business partners and friends to acquaintances and complete strangers might take an interest in the details of these cases.
Thus, protecting your privacy can be crucial. You might do this with a legal agreement or by keeping your case out of court.
Overcoming these obstacles
You may not be worried about paying bills or making ends meet after a divorce, but money can certainly be a concern for you. No one wants to spend more than they need to in order to secure fair outcomes.
When you know about the unique challenges that may be ahead, you can prepare for them and overcome them more easily. And this approach can help you minimize financial missteps and losses along the way.
