Category Archives: divorce
Unpacking the Complexities of Trust Funds in High-Net-Worth Divorces
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… Read More »
Protecting Intellectual Property Rights During a High Asset Divorce
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… Read More »
Navigating the Transfer of Real Estate During a High Asset Divorce
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… Read More »
Divorce and Philanthropy: How to Handle Shared Charitable Endeavors
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… Read More »
Maintaining Privacy and Confidentiality During a High-Net-Worth Divorce
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… Read More »
Mitigating the Risks of Business Depreciation During High Asset Divorces
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… Read More »
Dealing with the Tax Consequences of a High Asset Divorce
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… Read More »
Divorce and Debt Division: Legal Strategies for Managing Marital Liabilities
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… Read More »
Divorce and Blended Families: Legal Rights and Co-Parenting Challenges
Navigating co-parenting during and immediately after a divorce is a major challenge for many parents. Even if the divorce was mutual and obviously in everyone’s best interests, figuring out how to share your child is a learning process. It gets even more complicated when one or both parents remarry and have to learn how… Read More »
What Are the Consequences of Hiding Assets During a Divorce?
It is not unusual for high-net-worth divorce clients to attempt to hide some of their assets during a contentious divorce. After all, they worked for it, and it’s theirs. At least, that’s how they see it. But the court doesn’t agree. So try and hide assets during a divorce, and the Florida courts… Read More »
