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A high net worth asset division divorce is when there is a divorce involving a couple with substantial wealth and significant high-value assets. These cases are more complex and challenging than traditional divorces and require specialized attention due to the substantial value and intricacies involves. At Ostrovsky Law, we specialize in handling high net worth asset division divorce cases and deeply understand the unique financial and legal challenges that come with these cases.
In a high net worth asset division divorce cases, the court must take into consideration several factors to ensure a fair and equitable division of the high net worth assets. These factors include the length of the marriage, the contributions of each spouse to the marriage, and the current and future financial needs of each spouse. Additionally, the court will also consider any prenuptial or postnuptial agreements that were signed prior to or after the marriage.
Often times when there is a high net worth asset division divorce case, experts will need to be retained to provide an expert analysis and evaluation of various assets such as real estate, investments, business interests, and retirement accounts. Accurately valuing these assets is crucial to ensuring a fair division of marital property and ensuring that a spouse retains their premarital assets if they came to the marriage with any. Experts may also be needed to opine on the tax implications that are involved in dividing certain assets.
When one or both spouses own a business, the division of the business can be particularly complex. The business will need to be valued and the income generated from the business will need to be determined. Buyouts may be involved or continuing partnerships between the spouses after a divorce. There are many aspects to consider and it is important to have an attorney explain your rights when you are getting a divorce and there is a business involved.
If you are facing a high net worth asset division divorce in Florida, Ostrovsky Law can provide you with the guidance and representation that you need to achieve a successful outcome. Danielle will engage the relevant experts necessary for your case and will work closely with them to ensure that you receive a fair and equitable share of the marital assets. Danielle is dedicated to providing personalized attention and compassionate guidance throughout the legal process especially when it comes to navigating the intricacies of high net worth asset division cases. Contact Ostrovsky Law today to schedule a consultation.
In Florida, marital assets are divided equally between both spouses unless a judge determines that an unequal distribution is justified based on certain circumstances. An unequal distribution of assets occurs when one spouse gets more assets than the other spouse in a divorce. One of the circumstances in which a marital asset may not be equally divided include dissipation of the marital asset on a spouses paramour in an extra marital affair.
Expert analysis plays a crucial role in cases involving high net worth asset division. Accurately valuing complex assets such as real estate, investments, business interests, and retirement accounts requires specialized knowledge. By engaging experts, such as forensic accountants or appraisers, the court can make informed decisions regarding the value and division of these assets. The experts can also determine which assets are pre-marital, if any.
Some of the best practices for dividing high net worth assets include:
