News of divorces by the famous and super wealthy often bounce around the internet as click bait. Some stories will even sound downright disappointed when there is a civilized approach like the conscious uncoupling by Gwyneth Paltrow and Chris Martin or the recent announcement of amicable split involving a 50-50 arrangement of $137 billion by Jeff and MacKenzie Bezos.
Bloomberg recently published an assessment that states the Bezos divorce will not take months or years while the estate is divided. The fact that there is no stated acrimony can go a long way towards simplifying even the biggest bundles of marital assets.
Others who have taken the low-conflict road
Family counselors and child psychologists are quick to point out that high-conflict divorce can have a serious and lasting impact on the emotional well-being of children involved. It also can take a tremendous toll on the ex-spouses who need to focus on moving forward. Despite a massive wealth involved, others have taken a low conflict approach:
Sergey Brin & Anne Wojcicki: This couple featured the founder of Google worth about $50 billion (Brin) and a Silicon Valley bigwig (Wojcicki). The couple actively co-parents and has been spotted in public together with their two children.
Harold Hamm & Sue Ann Hamm: This couple did battle a bit, but Harold Hamm eventually decided to move on and cut a $975 million check to his wife, which was 5 percent of his net worth.
It is also financially smart
Smart financial decisions and managing money are areas where the wealthy often excel. A messy high-conflict divorce generally adds up to a longer court battle and more legal expense, and can be particularly frustrating when tied to issues that are only important as tools for inflicting pain. Anger and emotion are often not good business, particularly in divorce – for a cautionary tale, one need look no further than Frank and Jamie McCourt who were forced to sell the Los Angeles Dodgers because of their messy divorce.
It takes two
Both sides need to agree for a straightforward high-asset low-conflict divorce to work. If this is not the case, litigation will likely be necessary to help ensure that the split is a fair and equitable one. Either way, a family law attorney with experience in court or at the negotiating table can ensure that the transition is a smooth one that minimizes the necessary expense.