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Few wealthy divorced get this far

The Chicago Tribune offers an interesting take on the typical high asset divorce in a recent story about a hedge fund manager and billionaire Ken Griffin and his spouse Anne Dias Griffin. Like many high asset divorces, the arguments over alimony, custody and support lead to the inevitable settlement. In the Griffin divorce case, experts say few wealthy divorces get this far.

The couple were expected to dispute the validity of their prenuptial agreement in court beginning on a Monday morning when it became apparent the two parties were working toward a settlement. The judge then gave the couple a few days to work out their issues and possibly agree on a settlement.

The prenuptial agreement issue was just one of several the couple were trying to resolve. There is a question of custody of their children as well as child support amounts. The trial portion of the prenuptial issue was expected to last several days before the judge granted time to settle out of court.

High asset divorce experts say that the decision to work toward a settlement comes as no surprise since many divorcing couples with high net value are concerned with privacy issues and usually have prenuptials. The desire to settle out of court is paramount for many high net worth couples looking to avoid the spotlight. Long, drawn out trials grab the attention of the press and can do damage to the couple's reputation, businesses and families.

For high net worth couples facing divorce it is important to seek the counsel of an attorney skilled in handling these types of cases. Not only may privacy be of great concern for clients but in the event a divorce does go to trial, the attorney must know what information to keep out of the courtroom and how to do it.

Source: Chicago Tribune, "Griffin divorce negotiations no surprise to experts," Becky Yerak and Kim Janssen, Oct. 5, 2015

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