The pitfalls and stress of high asset divorces

Divorce in New Jersey is never easy for either party. In some instances, divorce can become much more troublesome – even harmful. This is often the case for high-asset divorce. Examining some issues related to such contentious divorces can help understand why they become so frustrating and how to deal with the stress appropriately.

Issues surrounding high-asset divorce

When there is much more at stake, things can become more stressful. This is undoubtedly true for high-asset divorce. Common issues you may have to deal with include:

• alimony
• asset division
• asset valuation
• asset hiding
• business ownership
• child custody
• child support
• lifestyle changes
• home ownership
• privacy and publicity
• tax bracket implications

Many of the issues dealt with can be tricky and heart-wrenching. For example, who will retain custody of the children can be frustrating. When things get stressful for both parties, the entire divorce becomes toxic as both parties can become confrontational and the proper communication channels fail.

Strategies for dealing with a confrontational high-asset divorce

Despite your best efforts to keep things civil between you and your ex-spouse, the divorce may become highly contentious. At this point, the stress can seem unbearable and begin having a negative impact on your health and mental well-being. Using some coping strategies at this point may be a good idea. Consider options such as:

• avoiding unneeded direct conflict with the ex-spouse
• counseling
• exercise
• focusing on hobbies
• focusing on the positive
• not blaming yourself
• taking time out for yourself
• utilizing a support network

Overall, the stress from a combative divorce can be devastating. It’s even worse when there are high financial stakes. Do what you can to lower your stress level as you move through the process. It can be a great benefit to your health and mental well-being.