High-asset divorces often come with complex financial arrangements, extensive property holdings and sometimes contentious legal battles. But amid all the negotiations over assets, it’s vital to remember who’s most vulnerable: the children.
No matter the size of the estate, kids need emotional stability, routine and a sense of security as their family structure changes. Centering children during a high-asset divorce is the key to helping co-parents keep their focus amid the chaos.
1. Maintain a sense of normalcy
In high-asset households, children are often used to a particular lifestyle—private school, extracurriculars, vacations and more. While material things don’t replace emotional support, drastic shifts in lifestyle can add stress.
Wherever possible, maintain consistency in their daily lives. This includes living arrangements, school, childcare and social activities. If one parent plans to move or downsize significantly, consider how it might affect the child’s sense of home.
2. Create a detailed parenting plan
A vague custody agreement won’t cut it in a high-asset divorce. Developing a thorough parenting plan that outlines everything from visitation schedules to holiday rotations and medical care is critical. When emotions are running hot and assets are in dispute, a clear structure can prevent children from becoming pawns in power struggles. Including stipulations about future education expenses, travel permissions and even how to introduce new romantic partners can prevent conflict and protect the child’s peace of mind.
3. Shield them from the legal drama
Even in high-conflict situations, parents should make every effort to keep their children out of the legal crossfire. Avoid speaking negatively about the other parent in front of them or using them as messengers or spies. Wealth can sometimes be weaponized through:
- Surveillance
- Manipulation
- Financial control as leverage
Kids should be spared from any of that. If needed, consider involving a child therapist or guardian ad litem to help ensure the child’s voice is heard and protected.
In a New York high-asset divorce, property division and financial negotiations will take time and attention. However, parents should not lose sight of the people who matter most. With thoughtful planning and hands-on legal support, the children can emerge from the process feeling secure, loved and resilient.