James R. Schaffer, P.A.

Protecting your rights in a high asset divorce

| Oct 17, 2019 | High Asset Divorce |

In any divorce, the stakes are high. Sensitive issues that need to be addressed, such as property division, alimony, child custody and child support, mean that the ultimate decisions on these issues can have a life-long effect. However, in a high asset divorce, the property division process of the case takes on a much more significant role.

In such a case, it is important for Florida residents to protect their rights. It starts with getting a full understanding of the assets — and debts — that will be part of the property division discussion. In many cases, people own more assets than they realize. High asset divorces often involve forensic accountants and real estate appraisers, as well as experts to appraise the value of such possessions as pieces of art and other valuable collectibles. Hopefully, people do not have more debt than they realize.

When it comes to high asset divorces, the ultimate goal of getting through the property division aspect of the case is to retain financial security. When business interests, retirement accounts, investment accounts and pensions are part of the discussion, the complexity of the division of such assets may mean that it is better to attempt to negotiate an arrangement out-of-court, rather than air everything out in courtroom litigation.

At our law firm, we do our best to help Florida residents who are going through a high asset divorce. There is no doubt that such cases are much different than “routine” divorce cases. Couples need to protect their rights. For more information about how we attempt to help, please visit the property division overview section of our law firm’s website.