High Net Worth Divorce
painful but inevitable sometimes. No two divorce cases are the same and this is
true even for high net worth cases. Though the proceedings may revolve around
similar issues such as property division, spouse support, child support and
custody, high net worth divorce requires a careful consideration and
representation of facts for the parties concerned. If you find yourself in this
position, the least you should do at this point is to educate yourself on the
What do I need to do in the event of a high net worth divorce?
Identify your assets
assets will help you know what you have and what you stand to lose in the
course of the divorce. There are two main types of assets; marital assets and
non-marital assets. Non-marital assets are assets acquired prior to your
marriage, assets received as gifts are also separate from your marital estate.
Marital assets include all your possessions acquired in the course of the
marriage. If unsure of the details of your collective assets, you should hire a
forensic accountant or private investigator to be sure that there no hidden
marital assets. After they are identified, the next step is to separate the
assets from the liabilities and then have your estates financial information
reviewed by your accountant and attorney, preferably a qualified Florida
Get an Attorney
You need a high net worth divorce attorney.
The stakes in a high net worth divorce are higher
than the normal and you will need an attorney experienced in the field. A high
net worth attorney in Florida will be experienced in dealing with large
estates, local and foreign assets, prenuptial agreements in line with Florida’s
laws. They can also handle the rigor of the complexities of high net worth
cases. A qualified divorce attorney will be able to assess your financial situation and
devise a legal strategy to ensure a fair and stress-free divorce proceeding
that also minimizes your risk of financial loss.
often a messy process that should be avoided by all possible means. However, in
the eventuality that both parties disagree on a fair distribution of assets and
liabilities, a lawsuit might be unavoidable. This is why you need to work with an
experienced high net worth attorney. While the decision to avoid a lawsuit is
not yours alone to make, as your spouse must agree, having an experienced high
net worth attorney on board will often help you negotiate through the rough
patches and ultimately avoid litigation and related losses. Litigation should
only be a last resort and approached only if alternatives such as arbitration
and mediation reach a dead end.
One way to
hasten this process and tidy up the divorce as soon as possible so that both
parties can move on, especially when there are minors involved, is to try and
communicate with your spouse. The divorce process is already emotional; don’t
make it worse by allowing negative emotions to hold sway. Instead, try to look
at the bigger picture and be fair in your dealings with your spouse so you can
avoid a messy divorce, and save yourself both time and money.