Protecting Sensitive Financial Details During High-Net-Worth Divorces in Atlanta

Confidentiality is often a key concern for high-net-worth individuals, not just in divorce but also throughout life in general. When you have a considerable amount of wealth, the last thing you want to do is tell the entire world. Doing so may make you a target, and this could cause various safety issues. During divorce, many spouses also want to prevent the details of their wealth from reaching the public. How exactly do you accomplish this goal? Can an Atlanta family law attorney help you assess divorce strategies that boost privacy?

Why Should I Protect My Financial Details During a High-Net-Worth Divorce? 

If your financial information becomes public, it might affect you in various ways. If you are a public figure, such as a politician, judge, or celebrity, you might not want people to know about the various companies you invest in. Some of these companies could be controversial or “politically incorrect,” for example.

You might also want to protect your real estate portfolio from public view. If you are a celebrity, the release of this information could lead to the publishing of articles when you sell these properties – leading to unwanted information. In some situations, people might even find out your addresses.

The simple act of protecting your net worth could also be an important priority for many individuals. Most wealthy individuals feel uncomfortable sharing their net worths for obvious reasons. When people find out about your wealth, they may target you in various ways – from online scams to home invasions and much more.

Mediation and Collaborative Law Can Help Boost Privacy

 Mediation and collaborative law are two of the most popular methods for boosting privacy during divorce. Along with arbitration, these are all examples of alternative dispute resolution or “ADR.” With these methods, you can discuss the details of your divorce with your ex in private. Unlike a public trial, the details of these discussions and disputes are not accessible to everyone.

Unfortunately, mediation and collaborative law are not always possible. If your ex is intent on pursuing a public trial, there is not much you can do to stop this from happening. ADR is voluntary, which means both spouses need to agree to negotiate in good faith.

Prenuptial and Postnuptial Agreements Also Increase Privacy 

Prenuptial agreements are quite common among high-net-worth individuals, and this approach can also increase the privacy of an eventual divorce. However, it is important to understand that prenuptial agreements are only possible before spouses sign their marriage contracts. After they get married, only a postnuptial agreement is possible. While this type of contract can also increase privacy, it tends to be less enforceable.

Can an Atlanta Family Law Attorney Help Keep My Divorce Private? 

Sometimes, it is impossible to avoid a public divorce trial. But before you reach this stage, there are many steps you can take to resolve your divorce in private. An experienced high-net-worth divorce attorney in Atlanta can help you assess many of these strategies during a consultation. The most appropriate method depends on your unique circumstances, so continue this conversation by contacting Buckhead Family Law today.

Sources: 

fultonsuperiorcourtga.gov/adr

outseer.com/fraud-protection/safeguarding-financial-data-the-importance-of-data-protection/