Photo of the firm's office exterior

5 reasons a high-net-worth can cause a divorce

On Behalf of | Oct 10, 2023 | Divorce |

Married couples have to decide what to spend and save and what kind of debts they can take on.

When a couple has a high net worth, financial talks can be much more difficult, and differences over money can even lead to divorce. Here’s how that can happen:

1. Marrying for financial stability

A marriage may not be as legitimate as people believe. Some people may marry for the sole purpose of financial stability. As a result, there may not be any intimacy in the relationship. The person who earns an income to support them and their spouse may also feel cheated into the relationship, which could lead to a divorce.

2. Salary jealousy and resentment

Many couples don’t earn the same wage. There may be jealousy from a spouse who earns much less than the other. Or, one spouse may feel resentful if the other spouse can’t make a higher income to support investments. In either scenario, a divorce may emerge.

3. Overspending

A spouse may have spending problems. Their spending habits could cause a couple to lose their savings and cause major debt obligations. A spouse may want a divorce to protect themselves from further financial difficulties.

4. Financial control

Many marriages work by having one spouse as the breadwinner and the other responsible for the home and child care. Someone who makes a living wage may use their income to control what their spouse can and can’t do. The spouse suffering from financial control may seek a divorce to regain their independence.

5. Inheritance or lottery winnings

When someone benefits from an estate or wins the lottery, their newly acquired assets may become an issue in their marriage. The person who gained an inheritance or lottery winnings may create difficulties with a spouse who wishes to spend it on themselves. Deciding what the assets should be used for could lead to a divorce.

People who understand their legal rights may find they have many options to protect their assets during a divorce.