It’s never easy to go through a divorce. When you have a lot of assets in Florida and a vindictive ex, things can become complicated. The first step to protect your assets through the divorce process is to get more organized.
Take an inventory of your assets
You should be able to account for all of your assets and know how to access them during your divorce. When you make a list of every asset you own, you should categorize them based on whose name is attached. Some financial accounts may be in your name only while others might be joint accounts.
Document everything
If your spouse knows the passwords to access your financial accounts, you could potentially get locked out. To avoid losing access to your financial records, you may want to print out physical copies of your statements. While you’re at it, you may also want to make sure that you’ve withdrawn some physical cash just in case you lose access to your checking account.
Understand the law
Once you’ve accounted for everything you own, it’s important to understand what is considered marital property in Florida. In a high-asset divorce case, your spouse may be especially eager to take advantage of marital property laws. Before you blindly fight for what you think is yours, take the time to understand what is legally your share of joint assets.
Decide what you want to fight for
Getting organized and understanding divorce laws may help you better identify what outcome you are looking for in your divorce. You can then decide which assets are worth fighting for and which assets you’ll happily divide or let go of.
