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High Asset Divorce Archives

Florida appeals court returns divorce to lower divorce court

Resolving divorce-related issues and dividing property can be a complicated task during a divorce. This blog recently discussed how this reality may be even truer in circumstances of high asset divorces. A woman recently appealed the decision of the divorce court related to its decision not to award her permanent alimony, its failure to correctly categorize which stocks were considered assets, its order for both sides to pay money made from the sale of a rental party to her ex-father-in-law and its decision to dismiss her request for attorney's fees.

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.

Should I worry that my spouse is hiding assets?

When it comes to divorce in Florida, it is not uncommon for spouses to become focused on one-upping each other. For one reason or another, one person may feel that he or she is not getting what he or she believes is a fair share of the marital assets. To resolve the issue, the individual may resort to hiding assets to cheat his or her spouse. If you believe your partner is hiding assets, it is a good idea for you to act right away to put an end to this illegal behavior to protect your interests. 

Collaborative Law Process Act may make divorce process easier

Divorce can cause a great deal of emotional distress and financial turmoil for Florida couples. With so many factors to consider, high asset divorces in particular can involve a number of complex issues that can leave soon-to-be exes at each other's throats. The Florida Supreme Court is hoping to make things easier for divorcing couples by enacting the Collaborative Law Process Act, effective as of July 1, 2017.

"Gray" divorce can threaten retirement accounts

Love can last a lifetime, but that isn't always the case. In fact, many Florida couples who have been married for a long time suddenly find themselves falling out of love and longing for a fresh start in life. For this reason, divorce in later life is becoming more common. Studies indicate that the rate of divorce for people 50 years of age and older has almost doubled since the 1990s. This means that for every 1,000 individuals in that age group, approximately 10 are divorced.

How do I avoid post-divorce financial stress?

It can be extremely stressful to go through a divorce under any circumstances. Your emotions can run on high and you may find yourself angry, sad and disappointed. But, if you are party to a high-asset divorce, then you may be concerned about your financial well-being, and for good reason. Property division, child support and alimony can all take a toll if not properly handled. However, even in the aftermath of a contentious divorce, there are steps you can take to help ease your financial strain.

How is property division established?

In the United States, there are two types of property division that are used by the courts in the event of a divorce. 10 states use what is called "community property," where all marital property is considered community property and is split evenly. A majority of states have what is called "equitable division."

Hollywood superstars Ben Affleck and Jennifer Garner to divorce

Two years after separating, even with speculation that they could be reconciling and giving marriage another shot, Hollywood couple Ben Affleck and Jennifer Garner are getting a divorce. They each sent out their court papers on April 13.

How an inheritance may be handled during divorce, asset division

When loved one's pass on they often have assets that may become property of their loved ones. This is what is known as an inheritance - some people have been the benefactors of an inheritance over the term of their marriage. Many decide to put the money away, and may have even put it in a separate account. How is this asset handled when you and your spouse are filing for divorce?

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