The divorce process is rarely simple, but it’s even more complex when the parties are from different countries, have assets around the globe, or live abroad. Variations in processes and policies between states of the United States pale in comparison to the huge differences in legal systems and cultural traditions between countries.
In the American Journal of Family Law, Global Family Wealth Strategist Joan Crain’s article highlights some of the key challenges confronting divorcing couples with international connections. Among the factors she discusses are differences in even something as basic as how long the divorce process takes. She also points out variations in divorce laws governing a host of issues, including the disposition of pensions and retirement accounts, trusts or other assets.
Bottom line, says Joan, divorcing couples with cross-border connections need to seek legal counsel not only in the jurisdiction where the divorce is taking place but also in other countries where they may have assets or residency.
Read the article here.