Every divorce has a set of challenges and complications. Many things can present issues in divorces, such as child support disagreements and asset delivery. However, if you are in a high net worth divorce, things can become more complicated even quicker. A high asset divorce makes things complicated because there’s much more marital property at a higher value that needs to be valued and then divided. This analysis should also consider the tax consequences associated with these assets as well.
The good news is that you don’t have to go through this alone. You can reach out to a Naples divorce attorney affiliated with Woodward Pires & Lombardo for assistance. You have the right to a fair amount of marital property. Hiring an attorney with a lot of experience will help make your divorce process a lot easier.
Protecting Your Assets
There are various steps you can take to make sure that you protect your assets if you are going through a high net worth divorce.
First, hire a Florida divorce attorney. One of the biggest myths about getting a divorce is believing that you don’t need to hire an attorney if the relationship ends amicably. What you don’t know is that many times divorce brings out the worse in people. Therefore, you need to ensure that your assets remain protected. As soon as you can, hire a Naples family law attorney before it is too late.
Second, make sure that you read your prenuptial or postnuptial agreement if one exists. Your attorney will make sure that you understand the legal rights that are stated in your agreement. Your attorney will also work with you to ensure that you get to keep everything that is deemed legally yours. Any marital assets that were not written in your prenuptial agreement could be lost if you don’t have an attorney representing you.
Third, make sure you hire a forensic accountant. They can be extremely helpful in any divorce. However, they are extremely useful when it comes to dividing property in high-asset divorces. Your divorce attorney will be able to refer you to a forensic accountant. It is typical for spouses to keep certain assets hidden so they can hold on to more assets than what is deemed fair. Your accountant will prevent this from happening by looking over all credit card statements, tax returns, property deeds, stocks, and any other investments.
Finally, you want to make sure that you collect information on all marital spending. Any purchases that have been made during the duration of your marriage are considered marital property if they benefit both partners. It doesn’t matter if the funds were used from a joint bank account or a personal one. Therefore, it is imperative that you hold on to all records of assets that were acquired within the duration of your marriage to ensure it is properly divided. A divorce attorney at Woodward, Pires & Lombardo in Naples FL can assist you in these matters.
How a Florida Divorce Attorney Can Help
It is important that you choose a family law attorney who has experience dealing with high-asset divorces. They can help you make the best decisions. It is good to work with a person who has no emotional connection to the situation but can shed some light on the options you have for the best possible outcome in your Florida divorce. A family law attorney will ensure that you are treated fairly and do not give in to any demands that seem unreasonable when your emotions are running high.
Additionally, a lawyer will be able to help you anticipate the future of your financial situation. Experienced attorneys have seen many different situations, so they know what to do and how to manage the present. All your financial disclosures are important during a divorce. That is why it’s crucial these documents are complete and accurate as possible.
Hire an attorney who has experience with the divorce laws in Florida. Working with a lawyer who is familiar with the complexities and intricacies of a high net worth divorce ensures you always have someone on your side.
Talk to Our Collier County Family Lawyers
Learn more about how our Naples and Marco Island family law attorneys can help you through the Florida legal process. Arrange a consultation by calling Woodward, Pires & Lombardo, P.A. at 239-649-6555 or send us an e-mail today.
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