All divorce has its complications, from dealing with child support to disagreeing on the division of property. Things can get even more heated fast when you add a high net worth to the mix. A high asset divorce complicates things because there is a much higher amount of marital property that needs to be divided in the split.
You don’t need to go through it alone. Whether you are the main source of income in the home, or you contribute to your family in other ways – such as stay at home parents – you are entitled to a fair amount of marital property. The Tampa attorneys at LaFrance Family Law have over 40 years of combined experience. They understand all the nuances that are part of your unique case, and have the tools to help you win what’s yours.
How to Protect Your Assets During a High Net Worth Divorce in FL
1. Contact a qualified attorney immediately
One of the biggest misconceptions about divorce is thinking you don’t need a lawyer if the relationship ends amicably. Divorce often brings out the worst in people, so you need to make sure you protect your assets. Make sure you hire an attorney as soon as possible so you can protect yourself before it’s too late.
2. Read your prenuptial/postnuptial agreement closely
Your divorce attorney will help you understand the legal rights you have in your prenuptial agreement. Your lawyer will work with you to make sure you get everything that is legally yours. Any marital assets not mentioned in the prenuptial agreement could be lost if you don’t have legal representation.
3. Hire a forensic accountant
Forensic accountants can be helpful in any divorce, but they’re especially necessary for the property division in a high-asset divorce. It’s common for people to hide assets so they can keep more assets than what is fair. You accountant will prevent this by reviewing tax returns, credit card statements, property deeds, stocks and other investments.
4. Collect info on all marital spending
Any purchases made during the marriage that benefits both spouses is considered marital spending, whether money was used from a joint bank account or not. It’s important to keep record of all assets acquired within the marriage to make sure property gets divided fairly.
There is no cut and dry rule that determines if a divorce is going to be considered high asset. However, there are tools you can use to determine how much your money will be affected in your divorce, such as our online alimony calculator. Whether your net worth is measured in thousands, millions, or more, contacting an attorney is your best bet for protecting what is rightfully yours.
Tampa High Asset Divorce Attorneys
It’s easy to feel lost in a sea of divorce lawyers when you’ve decided to move on from your marriage. It’s a sensitive time, and what you need most is to find and attorney that will work with you every step of the way.
At LaFrance Family Law, we make it our priority to work with every divorce client from an empathetic and understanding perspective. We fight for our clients the way we would for our family or friends. If this is the kind of representation you need, contact us for a divorce consultation today.