Monday, August 20, 2018

Money and Marriage

Financial problems are at the root of many divorces ... and that may be particularly so if the couple has a net worth of less than $5 million.

That's the magic threshold for rich people to have an amicable divorce, divorce attorney Randall Kessler told writer Lauren Vinopal in an article on Fatherly. That's because, according to Kessler, money still matters under $5 million, and it's worth fighting about. "If you have less than $5 million you're not set for life. Less than $5 million, you're not secure no matter who you are." 
"There is a thick line between those who are wealthy enough to not fight over money and people who have money, but not substantial wealth," writes Vinopal. "The very wealthy fight less and often through proxies. The nearly wealthy fight directly and fiercely to maintain a more tenuous position in the social order. To be almost rich is to be part of America's fighting class, a group that — despite profound privilege — seem particularly prone to serious family conflict. That nervousness hangs over the upwardly mobile, who feel a unique sort of pressure that tends to catalyze disagreements," writes Vinopal.

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