A recent Wall Street Journal article discussed educating young people of high net worth on the risks of marriage…and divorce.
According to the article, a global private banking enterprise held a “camp” for the young adult children of families possessing at least $10 million net worth. The attendees paid their own way to these events, held in New York, London, and Hong Kong. The instructional topics included estate planning, asset management, and significantly, advice about shielding oneself (including legal protection and liabilities of various jurisdictions) from family and financial matters relating to marriage and divorce. High net worth individuals may encounter greater obstacles in these areas than the non-wealthy. Indeed, pretty much everyone knows that the wealthy can be viewed as targets – or prey — by “gold diggers.”
Ideally, the lessons conveyed during these events will take root and be held top of mind by the attendees as they mature and throughout their adult lives. And you need not be an attorney to know that people make choices, and mistakes. Relationships begin, and end, with unanticipated consequences.
Again, the content of this blog is intended not as legal advice, but only for information and/or discussion purposes. Should you have questions or concerns about how California family law may apply to you, you may wish to consult a knowledgeable family law attorney.
As Orange County’s premier family law specialists, the attorneys at Dinnebier & Demmerle can provide answers to your questions and concerns, clarify and establish your legal rights, and represent you in court. If you would like more information about high net worth divorce or any other aspect of California family law, please call to set up a consultation. We’re ready to move forward when you are. Just contact us in Tustin at 714-838-1099.