When affluent people get divorced, there can be a lot of financial information and resources involved in the process. Parties must disclose all the details of their assets and liabilities, and there can be discussions regarding business ownership, property rights and investments.
This information is critical in ensuring parties resolve various matters like property division fairly and in accordance with state law. However, it isn’t something that divorcing spouses always feel comfortable disclosing to the public. If you are getting divorced and have sensitive financial information you wish to keep private, you might consider the following solutions.
Agreeing to keep information private
If both parties recognize the importance of keeping details of the divorce out of the public, you can opt for a few cooperative solutions that can allow you to do this. One option would be signing non-disclosure agreements saying that you will not share sensitive information. Another option would be to commit to resolving as many issues as possible outside of court. This can prevent the details from becoming public record.
Sealing the records
If you don’t agree on the privacy element of your divorce or if your case goes to court, then you might petition the court to file the records under seal. If the court agrees to do this, it will seal the pertinent records, preventing them from becoming public record. This can be a desirable solution if there are confidential financial details or sensitive personal matters that you wish to keep private.
These are just some of the options you might consider if privacy is a priority to you during your divorce.
We should note that privacy isn’t just important to be people with sizable assets involved in their divorce, either. It can also be crucial for people who are in the public eye, people who were subjected to false allegations during a divorce and people who were the victims of domestic violence during the marriage.
Under these circumstances, talking to an attorney about what you can do to protect your privacy during a divorce can be critical.