WE ARE AVAILABLE to meet clients and prospective clients by telephone and video conferencing, using either Zoom or Facetime. We are also available in person, whatever works best for you! We will continue to assist you in any way we can. Please do not hesitate to call our office and let us know how we can help.

Fort Myers Family Law Attorneys
Contact Us

Overcoming the hurdles of a high-asset divorce

On Behalf of | Feb 21, 2022 | Blog, High Asset Divorce |

In recent years, there has been a surge in the divorce rate for those over the age of 50, often referred to as “gray divorce.” A gray divorce can be more complicated for those who have amassed wealth or assets over time. High-net-worth couples in Florida going through a high-asset divorce should keep the following special considerations in mind.

Working with a financial advisor

A financial advisor will have a more holistic understanding of a wealthy client’s assets and needs. Special accounts to review may include stock options, real estate, businesses, retirement accounts and more. A financial advisor alongside a divorce attorney can help reorganize and plan for the financial future.

Florida state laws

The separation of assets and property during a gray divorce are dependent upon state laws, such as whether it is a community property state. Florida is not a community property state. This means that just because a property was acquired during a marriage does not mean that the other spouse is automatically a joint owner in the property.

Interpreting any pre-existing agreements

Marital agreements such as prenuptial and postnuptial agreements are very common among wealthy couples. A divorce attorney may help interpret these documents. While some agreements are very specific, others leave plenty of room for negotiation and interpretation.

A gray divorce for wealthy clients can be exceedingly more complex than a traditional divorce. However, with proper guidance, a divorce for high-net-worth individuals does not have to be financially devastating. If you are undergoing a gray divorce, you should take the time to understand how your wealth can be protected.

Archives

  • The Florida Bar | Marital & Family Law
  • Super Lawyers
FindLaw Network