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Do more assets equal more problems in divorce?

On Behalf of | Sep 30, 2022 | Divorce, Property Division |

Popular myth makes it seem as though the more assets a family has, the more volatile a divorce will end up.

Is there some truth to this? Do more assets actually cause a divorce to be more difficult?

Assets vs. arguments

Business Insider talks about the relationship between assets and arguments. Generally speaking, assets do serve as a major source of stress for many couples going through divorce. Not only is it difficult to keep track of every asset and tally it properly for asset division, but losing anything to a spouse that a person may have soured relations with is a difficult blow.

However, more money or assets does not necessarily equate to higher levels of volatile disputes. In fact, the extremely wealthy actually have more amiable divorces than anyone else.

Couples who have a net worth of over $5 million generally seem to feel set for life, and thus do not feel threatened by asset loss because of a divorce. In these cases, any battles will likely occur over things like social status or standing rather than assets.

The extremely wealthy and amiable divorce

However, couples who have a net worth between $1 million and $5 million tend to fight excessively over their wealth. It is speculated that this happens because these people live wealthy lives, but are not necessarily set for life. One bad divorce could potentially end the type of lifestyle they once knew, which is a big motivation to scramble for as large a share of the assets as possible and what leads to such ferocious fights.