Marriage to a high earner in Florida may sound like life will be smooth sailing in the years ahead. That is not the case if the marriage ends in divorce. The higher a divorcing couple’s net worth in Florida, the more complicated their divorce. The divisions may not cover just assets such as a home, […]
A Florida high-net-worth divorce can become incredibly complicated. The couple’s many assets must be identified and valued. These may include property, businesses, homes, cars, art, and antiques. This assumes all the assets are disclosed, which is not necessarily the case every time. A couple can work together to negotiate their dissolution, or the proceeding can […]
Over recent years, some high-net-worth individuals have emerged from the middle class by playing the market and investing in real estate. However, a typical eight percent return may not suffice for some with loftier financial aspirations. Private equity increases the risk but may also result in higher yields on your invested money. Also increasing is […]
You may believe that in a Florida divorce, what is yours, with your name on it, is not subject to division. But this is not necessarily the case. Under Florida law, a pension, 401k, IRA, or profit-sharing plan you contributed during your marriage is subject to division. Simply put, it is a marital asset. Florida […]
High-asset divorces are more complicated than divorces for couples of modest means, especially if trust funds are involved. A trust fund defines the formal relationship between the grantor, trustee (a third party), and beneficiary. An individual with assets transfers them into a trust, which defines who will manage the property if they cannot do so. […]
A high-asset divorce can bring particular complications to the settlement table. Both parties will understandably want to retain what they consider their individual property, but a marital settlement in Florida will divide assets equitably. While intellectual property (IP) often cannot be divided, its future profits are a consideration for a divorcing couple. To retain your […]
Like 40 other states, Florida views divorce through the lens of “equitable distribution.” Equitable distribution requires both spouses in a divorce to be transparent about their assets before they are divided in a divorce. The process can become particularly complicated for high-net-worth individuals who have amassed a great deal in their lifetime, whether it be […]
A Florida divorce is one of the most stressful events you can endure. Many individuals would like to stay put in the family home, especially if children are involved, and one of the most frequent questions from divorcing couples is whether they can keep the home. The answer is it depends. Florida is an “equitable […]
You and your spouse have decided to go your separate ways. For most couples, that means dividing assets and making decisions about the children and custody issues. Some couples grow their wealth while married and are committed to charitable endeavors. The Family Wealth Report estimates in 2020, charitable giving amounted to $471 billion. The majority […]
Avoiding a lengthy court battle is the best way to keep personal matters private and confidential when a marriage ends. Preplanning can circumvent the potential for unwanted disclosure and stress on both parties. This can be accomplished by the spouses agreeing (before marriage) to a prenuptial agreement (prenup) that outlines how property and finances will […]
