Call Us Now

305-704-7347 (Local Number)

305-704-7347

Law Office of David B. Mitchell, P.A. Nav

Matrimonial and Family Law Representation
for South Florida Residents

More Than 34 Years Of Experience

High asset divorces can require special attention

Divorce can be a difficult process regardless of the circumstances. A high asset divorce can involve additional complexities in addition to usual concerns related to alimony, child support and child custody that can make the process potentially more challenging. The complexities of a divorce can increase as the complexities of the assets of the divorcing couple increase. High asset divorces require division of more assets and property which may also require more complex valuation.

High asset divorces may include certain financial assets and other types of assets that require a little more work to value and divide when a couple is divorcing. In general, property is divided according to equitable property division rules in Florida which means that property is divided as fairly as possible between the divorcing spouses. Assets that may need to be divided in a high asset divorce can include business assets; pensions and retirement funds; or the professional practice of one of the spouses which may also need to be properly valuated.

The valuation process is always a part of property division but it can be somewhat more complex in circumstances of a high value divorce. To preserve a business or professional practice during the divorce process, it is useful to understand how the process works and how to correctly value those assets and negotiate a fair divorce settlement that takes into account the concerns of the couple and preserves a business or professional practice.

In general, it is important to prioritize concerns during the divorce process, including property division concerns, and to take into account tax and other considerations when arriving at the best divorce settlement possible. Because of the special challenges oftentimes associated with a high asset divorce, it is helpful to keep in mind that high asset divorces can require special attention.

No Comments

Leave a comment
Comment Information

Record of Success

  • AV | AV Preeminent | Martindale- Hubbell lawyer Ratings
  • Avvo - Rate your Lawyer. Get Free Legal Advice.
  • Dade County Bar Association 1920
  • Legal Leaders South Florida's Top Rated Lawyers

Privacy Policy | Business Development Solutions by FindLaw, a Thomson Reuters business.