Florida couples can possess a lot of equity in their home, which makes personal property so important when it comes time to divide assets in a divorce case. Some couples may decide to simply sell the home outright to gain the equity and split it. However, this is not always a workable option for a number of reasons.
All sorts of hurdles related to divorce can create challenges for couples, from child custody disputes to spousal support. At the Law Offices of Beverly L. Brennan, we know that divorce can be particularly challenging for those with a high net worth. With more at stake, property division can be complicated and you may be unsure how divorce will affect your family business. In Naples, and in cities around Florida, it is pivotal for couples who are facing these hurdles to go over their case carefully.
Divorce is rarely easy or convenient for any couple, but certain factors can create additional confusion and complication such as whether or not a couple has children or own a business together. For couples who have undertaken business endeavors together in Florida, separating assets will undoubtedly need to be done carefully.
Letting go of the family home in Naples when you divorce may have been an emotional decision, but keeping it often creates financial struggles for the one who stays once he or she goes from two incomes to one. However, choosing to be the one who moves out does not guarantee that you are free and clear. The Washington Post notes that as long as your name is on the deed, you are still the co-owner of the property. This has the potential to lead to serious issues for you.
For people who come from all backgrounds, splitting up with a spouse can be challenging. After all, a number of questions may be on the table, such as who will get custody of the kids or how marital assets will be split up. At the Naples, Florida Law Offices of Beverly L. Brennan, we are very familiar with the unique difficulties that those with a high net worth may encounter when working through the divorce process.
Divorce is almost never easy. Besides the emotional turmoil spouses experience and the toll a divorce takes on loved ones, there are also legal complications that can arise. This can be particularly true for affluent couples across Naples who are going through the process of dividing their assets.