In a high net worth divorce, significant assets or entrepreneurial goals become a major part of the conversation. The parents’ lifestyles or business concerns can have a significant effect on their custody needs and the children’s needs as well.
If you’re facing a high net worth divorce in New York and you have children, you may want help navigating the separation in a way that works with your lifestyle and supports the best interests of your children. Keep these tips in mind:
- Be realistic about your work and travel schedules. If your schedule varies, if you are away from home for long periods, or if you live and work from multiple locations, a custody schedule will need to be adaptable to your situation. Building in flexibility for “make up time” with your children is a must.
- Be proactive about addressing custody and visitation. If your schedule or living situation requires you to be away from the children during the divorce process, work proactively to maintain regular contact with the children both through in-person visits and through methods like telephone, Skype, or email. By doing so, you provide needed stability and reassurance for your children and begin to practice methods for ensuring regular “quality time” with them that can carry through the divorce process.
- Think about your children’s present and future financial needs. School tuition, fees, medical bills, and college and living expenses must all be provided if children are to continue enjoying the opportunities they currently have. What are your kids’ expenses and needs now, and what are they likely to be in the future? Identifying these early allows you to ensure you continue to give your kids the brightest possible future.
The Law Offices of Paul A. Boronow P.C. specialize in helping high net worth individuals navigate divorce, with or without young children. Contact us today to learn more.