Anne Hamer on the Two Biggest Challenges in Wealthy Divorces
When it comes to high-net-worth divorce cases, family law attorney Anne Hamer sees two recurring and complex challenges: asset valuation and understanding true lifestyle needs.
First, accurate valuation is critical. These cases often involve a mix of assets—trusts, family-owned or closely held businesses, and investments that may have been built over the course of a long marriage. “You’ve got to have a really good valuation of everything,” Hamer explains. Without it, equitable division becomes nearly impossible.
Second, the issue of financial need becomes uniquely difficult when one spouse—often the economically disadvantaged one—has lived a life far removed from typical budgeting. “They don’t know what it costs them to live,” says Hamer. These individuals may own multiple homes, travel first class, and rely on others to manage their bills. In such situations, even determining monthly expenses can be elusive.
Having a business manager involved can be a game-changer, providing clear insight into spending patterns. But regardless, defining “need” in these cases is rarely straightforward.
