Thompson Family Law, P.A.
Toll Free: 888-550-6071
Local: 239-243-9297

High Asset Divorce Archives

Uncovering assets hidden during a divorce is far from impossible

In an equitable distribution state like Florida, a judge is often called upon to determine how to fairly distribute marital assets between the couple in alignment with the contributions they've made to the marriage. Even with this approach to asset division in place, it's not uncommon for a spouse facing an end of his or her marriage to try to hide money, property or other valuables, especially if he or she fears losing them in a divorce.

What to do with your business when you're headed for divorce

As if divorce weren't complex enough, deciding what to do with a jointly run business can make things even more complicated. There aren't any recent statistics that capture just how many couples jointly own a business. However, one statistic captured in 2000 suggested that just under 7 percent of all 22 million American small businesses were owned by couples that year.

Where your spouse is likely hiding assets as you look to divorce

If you grew accustomed to living a relatively comfortable lifestyle while married to your soon-to-be ex, then you likely will want to continue to do so once you divorce. Oftentimes, though, it's not possible because your spouse may have hidden some of his or her more valuable assets, making it impossible for you to enjoy the quality of life that you've long enjoyed.

How to ensure that assets are split up equitably in a divorce

Divorces not only take a mental toll on spouses, but can take a financial one as well. This is especially the case when the spouses share high value assets like homes, pensions or investment accounts. If you're not cautious in dividing up these types of assets, it's possible that you may either lose valuable assets or not gain rightful access to ones you deserve.

How to uncover your spouse's hidden assets before you divorce

Unless a prenuptial agreement is in place, high-net worth individuals put at risk their high-performing investments, pensions or stock brokerage accounts when property is divided up in a divorce. This is why, despite being illegal, spouses sensing a divorce filing is looming quickly transfer their assets to friends, family members or offshore accounts for safekeeping.

Protecting investments and retirement accounts during divorces

Divorces are up among those 50 and older in the United States. In fact, this group's divorce rate has more than doubled since 1990. Perhaps one of the most concerning side effects of this trend is the risk that it poses to retirement or investments that one or both parties may have amassed.

Know how to handle property division negotiations

Going through a divorce when you have more assets than the average couple is difficult. You have to figure out how you are going to divide everything up. This can be challenging, especially when there are business holdings, investments and retirement accounts to consider. We know that you might realize how difficult this challenge is going to be, but we are here to help guide you every step of the way.

Property division is a complex matter for divorcing parties

One thing that you have to do when you go through a divorce is to divide up the property that was part of the marriage. This includes dividing the debts and the assets of the marriage. Before this process begins, you should understand the rights and responsibilities of both sides. You also need an accurate account of all things that need to be divided.

Your divorce might impact your credit worthiness

There are some ways that getting a divorce might impact you even years down the road. Your credit report is one of these ways. When you get divorced, you and your ex will have to split everything that is considered marital property. This includes not only assets, but also debts. Here is where things get a bit complicated.

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Thompson Family Law, P.A.
3949 Evans Avenue, Suite 206
Fort Myers, FL 33901

Toll Free: 888-550-6071
Phone: 239-243-9297
Fax: 239-936-2542
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