When Assets Are Substantial: Navigating High Net Worth Divorce
Divorce can be emotionally and financially challenging, but these difficulties are amplified in a high-asset divorce. The experienced attorneys at Pyfrom & Reisler, P.A., understand the complexities of dividing significant marital estates and protecting your financial future.
A high-asset divorce typically involves a combined net worth of millions of dollars or more. These cases necessitate careful consideration of various factors, including:
- Division of assets: Florida law mandates equitable distribution of marital assets and liabilities. This means assets acquired during the marriage are divided fairly, not necessarily equally. Our attorneys will thoroughly evaluate all assets, including real estate, investment accounts and businesses.
- Spousal support (alimony): Spousal support considerations in high-asset divorces are complex. The court considers factors like the length of the marriage, each spouse’s earning capacity and the standard of living enjoyed during the marriage. Based on your circumstances, we will advocate for a fair and sustainable alimony arrangement.
Your divorce could also include negotiation for child support and other considerations depending on your circumstances.
Complexities And Considerations
High-asset divorces often involve:
- Business valuation: Businesses and professional practices require specialized valuation techniques to determine fair market value for equitable distribution.
- Complex financial instruments: Investment portfolios and other financial instruments can pose challenges. Our attorneys work with qualified financial experts to accurately assess these assets.
We understand the emotional and financial strain of high-asset divorce. Our compassionate and dedicated divorce attorneys will guide you through every step, protecting your rights and working toward a favorable resolution.
Common Questions For Those Facing High-Asset Divorce
There is much information to gather while determining the next step in the divorce process, especially with significant assets on the line. These are some of the most frequently asked questions.
How are assets divided in a high-asset divorce in Florida?
Florida law requires equitable distribution of marital assets and liabilities. While equal division is not guaranteed, our attorneys fight for a fair asset allocation based on your case’s specific circumstances.
What factors influence the amount and duration of spousal support in Florida?
The court considers various factors, including the length of the marriage, the financial needs of each spouse and the standard of living enjoyed during the marriage. We will present a compelling case to secure a fair alimony arrangement.
How are businesses and professional practices valued in a divorce?
Business valuation requires specialized financial expertise. We collaborate with qualified professionals to accurately assess your business’s value for equitable distribution.
What steps can I take to protect my financial interests during a high-asset divorce?
Consulting with an experienced attorney early in the process is crucial. We will guide you through all financial disclosure requirements and develop a strategy to protect your assets and secure a favorable outcome.
Secure Your Financial Future. Contact Us Today.
We can help you protect your assets in a high-asset divorce. Make an appointment for a consultation in our Palm Beach office by completing our online form or calling 561-354-0403.