Nashville, TN family law attorney Anne Hamer talks about the biggest challenges faced in high net-worth cases. In high net worth divorce cases, Anne identifies two significant challenges. Firstly, accurately valuing all assets, which often include complex holdings like trusts or closely held businesses that have grown significantly during the marriage, is crucial due to their complexity and scale.

Secondly, determining the actual financial needs of the economically disadvantaged spouse poses a challenge. Many of these spouses have been accustomed to a lifestyle funded by their higher-earning partners, without a clear understanding of their own financial requirements. Unlike typical individuals managing everyday expenses, such spouses might own multiple homes, frequently travel by private plane, and live a luxurious lifestyle without a precise grasp of costs.

Anne highlights the potential benefit of engaging a business manager to help accurately assess the lifestyle expenses of the lower-earning spouse. Nonetheless, establishing these expenses remains a persistent challenge in high net worth divorces.