All divorces have the potential to be complicated. However, divorces involving high-asset, high-profile couples can bring intense public scrutiny that makes the whole process even more uncomfortable.
A lot of couples in that position are, understandably, concerned about how they can keep their “family business” under wraps.
Why does privacy matter so much in high-profile divorces?
Bad news spreads quickly, and people love to gossip – especially when there are salacious private details to talk about. High-profile couples are often worried about things like:
- Financial security and safety: Divorce requires detailed financial disclosures are part of any divorce, and high-asset couples may feel like that invites risks to their security.
- Reputational protection: This is a big issue for couples where one or both are concerned about their community standing, especially if there are allegations of infidelity or abuse in the marriage.
- Business interests: A highly public and highly contentious divorce can have long-term negative consequences on someone’s business partnerships or opportunities.
Finally, shielding any children in the marriage from media exposure is also important. Keeping the details of the divorce out of the news can be less stressful for them.
What strategies can you employ to maintain privacy in your divorce?
Essentially, the best way to keep your family business “in the family,” so to speak, is to work together with your spouse on as amicable a split as possible. Some options include:
- An uncontested divorce: Whether achieved through mutual cooperation or with the assistance of third-party neutrals, an uncontested divorce can eliminate a lot of problems. Before you let issues like the division of property or spousal support turn the divorce contested, ask yourself if it’s really worth the fight and the exposure.
- A private judge: If you and your spouse can’t avoid certain conflicts and you need someone else to make the decisions, consider employing a private judge. Proceedings involving private judges are conducted outside of the public’s view.
- Confidentiality agreements: Non-disclosure agreements can specify what each party can and cannot disclose. That can keep everything from financial matters to issues with the children protected.
If you’re concerned about the public exposure your divorce may bring to your family, make sure that you address the issue early. Good legal support can help you better understand your choices.