Florida is known as the Sunshine State and Tampa has fully embraced this motto with an average of 361 days of sunshine a year. The beautiful weather and idyllic beaches attract plenty of transplants escaping freezing climates as well as those in high-profile careers looking for a personal paradise.
Unfortunately, paradise doesn’t guarantee a perfect marriage and if you’ve exhausted all the options to save your marriage, a divorce may be the only thing left to do. While any divorce is difficult, high-asset divorces come with additional challenges usually related to children and the division of assets.
Did You Know?
What is considered a high net worth divorce in Florida?
A person with assets totalling more than $1 million is considered a high net worth individual.
Division of Assets
Without a prenuptial agreement that clearly defines the division of assets and liabilities, the division of assets will follow the guidelines established in Florida State Statute 61.075. The goal of this statute is to ensure an equal distribution of assets between both parties. While there can be exceptions to an equal distribution based on the contributions made to the marriage by each spouse, the length of the marriage, non-marital assets and liabilities and other factors.
Sadly, it is not uncommon for those with a high net worth to attempt to protect some of their assets by hiding them. If either party is accused of hiding assets, a forensic accountant can be hired to do a thorough examination of the financial records of the family to identify any hidden or transferred assets that could affect equitable distribution or child support.
At LaFrance Law, we understand how challenging a divorce can be as well as the importance of our clients’ privacy especially for those that already spend a lot of time in the spotlight. If you need an experienced family law attorney who will focus on the privacy of you and your family during a divorce, contact LaFrance Law at 813-930-5542 or through the contact us page.