Divorces are emotionally and financially taxing. You have the stress of planning your strategies and potentially losing your assets. The worst is a divorce involving a lot of property and money. High-asset divorces involve individuals with high net worth and complex assets. Complex assets can include a mixture of stocks, real estate, trusts, companies, tax benefits, loans and money. These types of divorces are a lot more challenging than your traditional marriage.
Here is a guide that can help you navigate this trying time.
Find help
One of your best options for your case is to hire someone who understands high-asset divorces. That can help uncover any assets your spouse might try to hide. They can also advise you about your rights regarding Florida’s asset distribution.
Uncover your assets
The court will deem you and your spouse’s assets one of the following property types:
- Separate
- Marital
- Community
Anything acquired during your marriage for you to use is marital property. Anything purchased before the union or by one spouse is separate property and remains in the owner’s custody. Assets that earn income or gain value are generally considered community assets.
Keep your privacy
Generally, divorce proceedings are public information. However, if you are participating in a high-asset divorce, you should consider filing sealed divorce documents that can protect your privacy.
The best way to sail through this type of divorce is to inform yourself. Know your rights and follow these steps to ensure you get your fair share of the divorce assets.
