Four Things that High Assets Couples Need to Think About When Getting a Divorce
Going through a divorce is a stressful and confusing time for any Florida couple. High net worth couples face some additional challenges. With so much on the line, it is imperative that people going through a high asset divorce seek assistance from a top quality Orlando divorce lawyer.
At the Law Offices of Steve W. Marsee, P.A., our legal team has extensive experience handling complex property division issues in high asset divorce cases. Here, we highlight four important things that you need to think about if you are currently going through a high asset divorce in Central Florida.
- Locating the Assets
The first thing that you need to do to protect yourself is to identify all of the assets and liabilities of yourself and your spouse. For high net worth couples, this can be far more challenging than most people realize. This task became even more complicated if you believe that your spouse in hiding assets from you. Under Florida’s rules family law procedure (Rule 12.285), your spouse has an obligation to make full financial disclosures to you. Unfortunately, this does not always occur, so your Orlando divorce attorney may need to take legal action to force a disclosure.
- Retirement Benefits
In the modern economy, retirement savings and retirement benefits make up an increasingly large percentage of a couple’s total assets. As such, retirement benefits have become a big sticking point in many Florida divorce cases. Dividing up retirement benefits, including Social Security benefits, can be extremely challenging. You need to work with a qualified attorney who can closely review your individual situation.
- Dividing Complex Property
High net worth couples often own particularly complex assets. These assets come in many different forms. For example, you might own investment holdings, real estate, or business interests. You and your partner need to be ready to deal with these types complex property. Dividing them can be challenging, and it can take a considerable amount of negotiation. Ideally, you will be able to get your fair share without going to court. Though, in some cases, litigation may prove to be necessary.
- Alimony (Spousal Support)
Finally, spousal support is frequently an issue in high asset divorce cases. If you and your spouse have an identical income and similar future earning prospects, then alimony will likely not be an issue in your case. However, if your current incomes are uneven, and the marriage has lasted for a significant amount of time, this is a high probability that alimony will be awarded to the financially disadvantaged partner.
Contact Our Orlando Divorce Attorneys Today
At the Law Offices of Steve W. Marsee, P.A., our top-rated Orlando family law attorney has deep experience handling complex high asset divorce cases. If you are getting divorced in Florida, please call us today at 407-521-7171 to set up your confidential divorce consultation. From our office in the heart of Orlando, we serve clients throughout Orange County, including in Windermere, Winter Park and Winter Garden.