4 ways to protect your privacy during a high-asset divorce

On Behalf of | Nov 20, 2023 | Divorce

Divorce can be a challenging and sensitive time, especially when it involves high assets.

Protecting your privacy becomes important in such circumstances.

1. Digital discretion

In the digital age, personal information is often just a click away. Begin by reassessing your online presence. Tighten the security settings on your social media accounts to restrict access. Be mindful of the content you share, avoiding specifics about your financial situation. A recent study found that 81% of lawyers have personal social media accounts they use for professional purposes.

2. Financial foresight

Take proactive measures to safeguard your financial information. Consider opening a separate bank account and redirecting sensitive financial correspondence to a secure mailing address. Monitor your credit reports regularly to detect any suspicious activity. Freeze joint credit accounts to prevent unauthorized transactions.

3. Safeguard physical documents

While digital security is important, physical documents also demand attention. Secure important papers, such as tax returns, property deeds and financial statements, in a safe and confidential location. If possible, store them outside the home to minimize the risk of unauthorized access. Shred unnecessary documents to prevent confidential information from falling into the wrong hands.

4. Selective socializing

During a high-asset divorce, the people around you can play a pivotal role. Be selective about who you share information with, even among friends and family. Discourage gossip and avoid discussing financial matters openly. A circumspect approach to communication can prevent sensitive details from becoming public knowledge.

By implementing these practical steps, you can navigate a high-asset divorce while safeguarding your privacy and maintaining control over your personal information. Taking a proactive stance ensures a more secure and confidential transition during this challenging period.