Couples with high net worth face their own challenges when it comes to divorce. Frequently, the division of property in these divorces is one of the biggest issues to deal with, so it is important to understand what to do if you are contemplating divorce and have high-end assets.
Learn more about the steps you should take if this applies to your divorce.
Here are some of the most common factors involved in high-end assets in divorce proceedings. All of these can benefit from insight obtained by an experienced attorney:
- Business valuations
- Asset protection strategies
- Asset appraisals
- Real estate valuations
- Postnuptial agreements
- Enforcing or challenging a prenuptial agreement
- Consideration of income tax issues
Put Together a Total Balance Sheet of Debts and Assets
In order to determine what you’re working with, you need to know the total amount of all assets and debts linked to the marriage. Look over old statements and put together your own spreadsheet of all the details. Doing this work for your Miami divorce attorney can be extremely helpful. It gives them get a big picture understanding of your situation.
The more work you can do ahead of time, the easier it will be for you and your attorney to present a solid case when it comes to division of assets.
Identify Concerns Ahead of Time
Since you’re directly involved in the marriage, you are far more likely than your attorney to know which assets and debts will be most likely to cause problems in your divorce. Choosing the right attorney is also important, since an experienced lawyer can help you figure out problem areas ahead of time. When you are prepared to confront these head-on, the process of going into court for your divorce causes far less anxiety for you.
Try to Remove Your Emotions
As with many things related to divorce, it’s not easy to separate your personal feelings. Remember that the court is looking to provide an equitable distribution. Becoming emotionally attached to certain issues might actually make it more difficult for your attorney to argue your side of the case. Be willing to compromise.
There are situations where it’s in your best interest to move forward without fighting a certain issue, and there are also circumstances when it’s worth digging your heels in and arguing for a better outcome for yourself. Your Miami divorce attorney can play an important role in helping your distinguish between the two.
Consult an Experienced Miami Divorce Attorney About Your Divorce Case
If you have suffered from a divorce case that involved high end assets, then contact us today an experienced Miami divorce attorney at (305)-358-2330.