It is a misconception that spousal support or alimony is only for those with lower incomes. Couples with more wealth have the equal right to include spousal support in their divorce negotiations. For wealthier individuals, this payment is often a way to maintain a...
High Asset Divorce
How the court decides who gets the vacation home in a divorce
Divorce can be a grueling journey, especially when dividing assets. For couples with a high net worth, deciding who gets the vacation home adds another layer of complexity. Florida law does not have explicit rules for how a judge divides such property, so the decision...
3 added challenges of a high-asset divorce
Divorce is a complex and emotional process, especially when the couple has significant assets. Beyond the emotional toll, there are additional challenges that can arise, making the separation even more intricate. 1. Valuation struggles Determining the value of assets...
Where might a spouse hide assets during divorce?
When going through the divorce process, it is unfortunately possible for your spouse to make things even more complicated by attempting to hide assets. Why do people hide assets in the first place? Most importantly, how can you tell where your spouse might be hiding...
How does a divorce court discover if a spouse has hidden assets?
Florida's divorce courts generally divide marital assets fairly between two spouses. As noted by SmartAsset.com, you and your soon-to-be ex-spouse will need to sign a financial affidavit. The process may include disclosing personal details about your financial...
Why you need a business valuation in a high-asset divorce
If you and your spouse are heading for divorce in the state of Florida, you may be wondering how to properly divide your valuable assets, namely, your business. A business valuation can put your mind at ease by helping you ensure that this asset gets divided...
How to handle joint tax liabilities in divorce
If you are going through a divorce, you have many issues to work out to extricate yourself from your marriage. You probably filed joint tax returns with your ex-spouse while married. If you have an outstanding tax liability, you must determine how the unpaid balance...
How to create a prenup
One of the most common mistakes people make in Florida is not creating a prenup before they tie the knot. After all, who wants to think about divorce at the beginning of a marriage? However, no matter the awkward conversation, it is important to create a prenup as...
Should a divorcing couple sell their home for equity?
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,...
High asset divorce and your family business
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...