High-Net-Worth Divorce: Balancing Careers, Wealth and Family
Success in Business and Challenges in Maintaining a Happy Family
Technology changed the game and the speed of business. From online financial trading to digital enterprises selling to a seemingly infinite customer base, technology has knocked down walls and opened the door to opportunities. For business owners, investors and highly compensated executives, technology now allows us to work and keep up with the pace of business, making money every waking moment. In high-net-worth divorce, balancing careers, wealth and family is important.
Too many marriages fail because relationships between spouses are not maintained. Children grow spiteful of parents who seem not to care about them because they are spending too much time working. Those children may act out for attention, which can lead to additional animosity and another tick closer to divorce.
Viewing Quality Time with Family as a Valuable Asset
Successful business owners are often aware they are spending so much time doing business they do not spend enough time focused on marriages and raising children. It is easy to for people to fall into routines and the family of busy people get used to not seeing and spending time with people who are always working, always busy and always traveling.
Consider what it would take to be secure in business and money to allow yourself more quality time with your family. If you value quality family time as an asset, you can prioritize your time and allow yourself to step away from your devices and emails. Don’t we all work so hard to make a good life for our families? Why not enjoy the spoils?
Growing, Outsourcing and Making Yourself More Available
Making and managing money is a game of risk. The more you outsource, the less control you have over every step of the process. Meanwhile, you to leverage the profitability of employees in business. To grow in business, you may need to add more talent to manage work, making yourself more available to your family.
With the right planning and setup, anyone can create a system that effectively manages money and business so that the principal can take their eyes off work and spend more quality time with family. Taking steps towards this goal and being a successful family leader can help reduce stress, increase appreciation for what is important and then in turn, be more successful both with business and with family.
Mark L. Scroggins is Board-Certified in Family Law and is experienced with the challenges successful businessmen and women face in maintaining marriages and relationships with children. For a confidential consultation, call (214) 469-3100.
Mark and the team of talented trial attorneys, paralegals and staff at Scroggins Law Group work closely with clients going through the challenges in high-net-worth divorce, balancing careers, wealth and family.