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 […]
Divorces can be complicated, and that is especially true if there are high assets involved. While both spouses must be transparent about all of their assets, it’s also crucial that they are valued accurately. Failure to do so can result in an uneven and even unfair distribution of assets. In Florida, equitable distribution of marital […]
Are you facing a divorce? Expect all aspects of your life to change. This is particularly true if you are part of a high-asset couple. Florida law states that fair and equitable is how assets are divided. With a high-asset couple, the division and tax implications can be more complicated by the valuation of a […]
A new Florida law could have far-reaching implications for divorcing couples with children. Effective July 1, 2023, the new law signed by Governor DeSantis helps “unwed fathers” gain rights over a child they previously did not necessarily have as the parents were unmarried. In that case, even if his name was on the birth certificate, […]
While marriage has changed over the years, so have presumptions about alimony. Permanent alimony was previously allotted when a marriage dissolved after a long partnership, traditionally when the man left a woman who had been a housewife and mother and not earned an income outside of the home. Many couples still prefer that arrangement, […]
Equitable distribution. Remember that phrase. Unlike a community property state where assets are divided 50/50, in Florida, when a couple decides to divorce, expect the “equitable distribution” doctrine to apply in the division of both assets and liabilities. Divorcing your spouse can be a stressful time. You and your spouse have decided to end your partnership. […]
