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A high net worth divorce could become even more difficult

Divorce is often the last thing on a newlywed couple's mind. However, due to a variety of circumstances, many married people at some point in their life go through it. The process can be very difficult, expensive and time-consuming, especially in the case of a high net worth divorce in Florida. In some states, it might be getting even harder.

Recently, a little over a dozen states have introduced bills that will make getting a divorce even more difficult. Some of the new measures include requiring parenting classes, counseling courses and longer waiting periods. Another state has initiated a 540-day divorce processing time after a year-and-a-half separation period before a couple is allowed to file for divorce. In those states, from the beginning to end, the process could take nearly three years.

Many think that these measures could be beneficial in helping to diffuse highly charged scenarios, especially when there are children involved. Others believe that it exacerbates an already painful process. Two people who have agreed they don't work well with one another now have to figure out, together, how to peacefully divide every important portion of their lives: their children, money and other assets which, with high net worth individuals, are often a crucial aspect of their divorce.

During a high net worth divorce, it can be all too easy for people to focus on immediate problems instead of the long-term financial picture. By keeping long-term financial stability one of the main goals, an individual can make smarter, sounder decisions that will have a big impact on his or her future. This way of thinking, along with the advice of a divorce attorney who is experienced concerning high net worth divorces in the state of Florida, can go a long way toward avoiding financial troubles due to the divorce and thriving financially long after the divorce papers have been signed.

Source: Newsweek, "Breaking Up Is Hard to Do in Arkansas; Why Divorce Laws Are Getting Stricter", Tracey Harrington McCoy, May 17, 2015

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