Why Is High Asset Divorce Different From Other Marriage Dissolutions In Clearwater?
All divorcing couples must determine how they are going to divide their marital property, whether their dissolution occurs during a collaborative divorce, standard divorce, or high asset divorce. The difference in the latter is that establishing which assets are considered marital property and their division becomes much more involved, and is often more contentious.
At The Law Firm For Family Law our Clearwater, Florida divorce attorney provides the experience divorcing spouses need to ensure their current financial standing — and their future holdings — are accounted for, leaving no detail to chance in the process.
What Do I Need To Consider When Outlining Marital Assets?
In high asset divorces, the list of your marriage’s financial holdings can include everything from artwork to jewelry and bank accounts to real estate. The complex assets that will need to be divided can also include business holdings and other major assets that are not easily divided without the help of a forensic accountant.
At The Law Firm For Family Law, our founder and lead Clearwater high asset divorce attorney is a Certified Divorce Financial Analyst, which streamlines the process of uncovering any hidden assets that allow our team to determine whether they are community or separate property.
Other high asset considerations should include:
- Companies co-owned by the spouses, and who controls the businesses going forward
- Unique tax considerations and how they impact each party
What If I Have A Prenuptial Agreement In Place?
Many high asset marriages begin with a prenuptial agreement. When a divorce becomes a reality, either spouse may challenge the existing prenuptial agreement for reasons that can include hidden assets that were not disclosed at the time of signing or pressure to sign the document before the marriage was official.
What Type of Alimony Can I Expect After A High Asset Divorce?
Often, in high asset marriages, there is a disparity in the earning potential and income of each spouse. Spousal support is calculated on a per-case basis, which means your unique circumstances — including any agreements outlined in a prenuptial or postnuptial agreement — will dictate exactly how much spousal support you receive, and for how long.
What If We Have Children Together?
The result is typically much higher than an average split, and could include the needs of each child under the lifestyle they s/he has become accustomed to, including:
- Insurance and medical care
- Private education
- Extracurricular activities
Each aspect of your high asset divorce will require specialized legal representation to ensure your rights and your future is protected. Contact our accomplished high asset divorce attorney in Pinellas County at The Law Firm For Family Law today by calling (727) 619-1297 today to discuss your unique circumstances.