Divorce can carry a heavy toll on couples dissolving their union. Commonly, financial, emotional and mental anguish are the greatest concerns for divorcing couples in Ohio, however, for those going through a high asset divorce, there might be some concerns regarding the details of the divorce. A high net worth divorce or a celebrity dissolution are commonly reported in the media, and having details about the relationship and dissolution could be detrimental for the couple.
How can you protect privacy in a high asset divorce? Unfortunately, the expectation of privacy in divorce filings is no longer guaranteed due to public hearings and public records. Because of this, some couples forego litigation and seek alternative divorce methods such as mediation or collaborative law.
There are many reasons divorcing spouses see to protect their privacy during the high asset divorce process. If the wealthy or celebrity couple has children, having them in the spotlight via the media could have serious negative impacts on the children. The divorce process is already an emotional and difficult situation for a child and having the details about his or hers parent’s divorce could be very detrimental.
Divorcing spouses should understand the expectation in their jurisdiction and what options they could provide, such as private hearings or providing sealed divorce settlements. Moreover, even if such privacy measures are available, it might not result in the amount of privacy the divorcing couple seeks. Because of this, those going through a divorce should learn more about their options and what steps they can take to address this and other divorce issues.
Source: Forbes, “Protecting Privacy In A Divorce,” Russ Alan Prince, December 8, 2014