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High Asset Divorce Archives

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.

High asset divorce case coming to a close after 10 years

When couples with significant assets divorce, it must be handled very carefully. The greater marital assets are within a marriage the greater the potential conflicts, which can lead to expensive, protracted legal warfare between spouses. Just such a legal disaster finally looks like it coming to a close after more than a decade since the divorce was officially filed. The divorce in question involves a business fortune that was partially used to found several world-renowned cancer treatment centers.

Women doctors are more likely to divorce than their male counterparts

For decades, it was presumed that doctors divorced at higher rates than the general public. As detailed on the Harvard Medical School news site, many speculated that physicians were "more likely to be divorced...because of the long hours they keep and the stress associated with the job."

Woman claims husband hid assets, sues charitable recipient

When a couple with a great many assets decide to divorce, one spouse or another may choose to drain their accounts in surprising ways. The emotions at the heart of a divorce often express themselves in spouses trying to punish each other by doing anything they can to keep their spouse from getting a large chunk of the marital property. A Florida woman is accusing her husband of doing just during their divorce. The woman has gone so far as to sue the recipient of a large charitable donation from her husband, claiming that she is entitled to much of the gift herself.