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High Asset Divorce Archives

How can I keep my high-asset divorce private?

For many couples undergoing a high-asset divorce, maintaining privacy is a very important matter. Often, when there are significant assets at stake in the divorce negotiations, it can suddenly become an issue of public interest, which is usually an unwelcome addition to any divorce. If you hope to maintain your privacy throughout your high-asset divorce, you must make it a priority as soon as possible.

Avoid emotional choices during a complex divorce

Divorce is never pleasant, even if it is relieving. However, when the marriage involves significant assets, many spouses suddenly become unhealthy, unreasonable versions of themselves, making choices that they might not otherwise consider. If you face a high-asset divorce, you should be careful to get all the emotional and professional guidance you need to keep yourself healthy and avoid compromising decisions that could cost you immensely in the long run.

Beware lingering credit between divorcing spouses

When divorce comes knocking on the door of a couple with complex assets, it is often a monumental feat to separate out these individuals' financial lives. Marital property applies to both assets and liabilities, and most couples with significant assets also carry complicated debts. If you're facing a divorce and concerned about how you will address your intricately entwined financial lives, you should consider enlisting the guidance of an attorney with experience handling complex assets. Careful assistance can help you navigate this minefield and protect yourself from the dangers of having your credit remain tied to a former spouse.

Protecting your inheritance from divorce

If you and your spouse are headed toward divorce, you may some concerns about protecting resources you received from your family. Under general divorce laws in every state, including Florida, inheritances are generally protected separately from other types of property. Whereas marital property must undergo fair division in a divorce, inheritances usually do not qualify as marital property. However, there are some circumstances that can complicate this issue.

Can I avoid unfair taxation after divorce?

The greater the assets within your marriage, the more complicated the terms of your divorce are likely to be. Specifically, many spouses approaching divorce worry that separating their assets may leave them vulnerable to taxation draining away resources that previously enjoyed protection within the marriage. There are no simple answers to this concern, since different types of assets are subject to wildly different taxation, but it is certainly an important factor to consider when negotiating a fair divorce settlement.

Does high asset divorce have to be messy?

When divorce involves significant assets, it is very unlikely that the matter can be settled without proper legal guidance. While some couples who have very few assets may choose to divorce quickly and simply without lawyering up when there are significant assets on the table, that willingness to simply walk away and call "no harm, no foul" is exceptionally rare. So, how can you keep your divorce civil and professional when it involves significant assets?

Beware of family helping a spouse hide assets

When it comes time to divorce, beware of ways that your spouse may attempt to hide assets that may apply to a divorce settlement. Although the courts never look very kindly on hiding assets in a divorce case, the practice is still surprisingly common. In many cases, a spouse may attempt to claim that certain assets belong to another family member with whom it is relatively simple to transfer property.

Beware of false allegations in divorce

Divorce is rarely an amicable, dignified process, but two things almost always find a way to make it far more complicated — high assets within the marriage and children within the marriage. Unfortunately, the presence of either or both of these elements regularly compels one spouse or the other to take actions that turn the process hostile. In many cases, one spouse will accuse the other of some illegal act to gain leverage in the property division or custody agreements.

State Supreme Court ends divorce dispute over real estate

Determining whether an asset is actually a marital asset is sometimes a complicated matter — just ask a Florida couple who spent seven years arguing in court over several real estate properties. In the case of the couple, they had even taken precautions to avoid such disputes and created a prenuptial agreement when they married some 30 years ago.

Can I protect my business from divorce without a prenup?

Many high-asset divorces are complicated, but few are as difficult to navigate as those that involve a business that may be considered marital property. If you are facing a divorce and have concerns about how to protect your business in the settlement negotiations, you need to make some very difficult choices and take action immediately.