A Guide To High-Asset Divorces:
When you’ve got a lot of assets, threats to those assets can be extremely unsettling. One of the more significant threats to a person’s wealth is the prospect of divorce. While you cannot control the possibility or reality of a divorce, you can take steps to be in control of what happens with your assets throughout the process.
Understanding how divorce impacts your fortune will give you an advantage in the future. You will better handle the expectations and can more thoughtfully plan your next steps. At Thomas-McDonald Law Firm, P.A., we’re committed to providing you with the information that you need when you need it.
The Three Big Impacts On High Asset Divorces
Getting down to the meat of the matter, three issues have a big impact on financial outcomes in divorce. They are:
- Asset division: Florida divides assets between spouses on an equitable distribution model and divides the assets according to several factors, including length of the marriage, economic resources and each spouse’s income.
- Child Support: Parents expect to provide their children with education, medical well-being and housing. In Florida, a child support order will last until the child’s 18th birthday.
- Alimony: Called spousal support in some cases, alimony is the continued payments from one spouse to the other. Spousal support is awarded based on need and the ability of the paying spouse to afford it.
While these are concerning matters, it helps to understand some context. In asset division, you have a strong chance of retaining the assets that matter most to you, such as your business or home.
Priorities Will Make A Difference
The most important thing you can do when you’re entering a divorce, especially if you have significant and complex assets, is to understand your priorities. Once you can articulate what matters most to you, whether having full control of your business, custody of your children, or paying little in alimony, your attorney can make a plan.
We take every possible step to pursue our client’s goals in divorce. We prioritize the preservation of the marital estate and help you get your fair share. Call our office in Miami at or send us an email to schedule a meeting and find out more.