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Posts tagged "High Asset Divorce"

Finding hidden assets during a divorce

The financial aspects of a Florida divorce can be complex, convoluted, and challenging. Individuals who choose to pursue a divorce may wish to seek legal support so they are not disadvantaged when it comes to negotiating the settlement of their property, finances, and other assets. Professionals who work with high asset divorce clients can also help them find out if their clients' spouses have attempted to hide assets during their marital dissolutions.

Is a simplified dissolution for you?

Divorce is one of the most upsetting events that can happen in a person's life. It is a long and expensive process that can be made even worse when there are assets, children, or other areas of contention. Floridians considering a divorce may find it interesting to know that a relatively simple divorce process may be available.

Man must split lottery winnings with ex-wife

During a divorce proceeding, dividing a couple's marital property can be a complex task, particularly if the couple has substantial assets. Deciding who gets what is usually done by first segregating marital property from separate property. However, some may wonder how lottery winnings would be divided in a divorce settlement?

Robert De Niro's estranged wife claims half of his $500M fortune

Two-time Oscar winner Robert De Niro's divorce fight is becoming increasingly complicated as his estranged wife Grace Hightower wants half of his fortune, which she alleges is around $500 million. According to sources, the separated couple is battling over the wordings of a prenuptial agreement they signed when they married for the second time in 2004. The couple was first married in 1997 but split in 1999.

Alimony-related new tax law for Florida residents

When a Florida couple decides to part ways, they must deal with various issues. These issues include property division, child custody, child support and alimony. Most of these affect a divorcing spouse's finances, as well as the taxes they have to pay. For instance, per the guidelines of the Internal Revenue Service, child support is never tax deductible and isn't considered income; however, alimony payments do have an effect on a person's tax obligations. Now, changes under the Tax Cuts and Jobs Act have made solving disputes just a bit more complicated.

Dealing with asset division at age 50 and older

According to a number of studies, people aged 50 and above are divorcing at a historically high rate. In legal terms, these so-called gray divorces are essentially the same as divorces among younger people. However, divorce among older people, who have had more time to earn income and collect assets, can be more complex when it comes to the division of property.

Late-in-life divorces often include high value assets

Most Florida couples do not expect to find themselves experiencing divorce after 40 years of marriage. However, it is becoming more and more common, and presents its own set of unique challenges. Late-in-life divorce is also sometimes referred to as a "silver divorce" or "gray divorce." They often result from regrets, resentments, or financial issues which have accumulated over time.