Messer & Messer Law Offices

Toll-Free 866-789-9936

Florida 772-204-0904

Posts tagged "high asset divorce"

Legal help with family law concerns

Family law is a broad area of the law that helps families and couples in Florida through some of the most challenging personal issues they face. It offers a variety of tools and resources. Couples struggling with child custody or child support concerns, or facing a divorce, should understand the tremendous amount of help those family law resources can provide.

Keeping track of assets during a Florida divorce

When a divorcing party is asked to list the assets they share with their soon-to-be ex, some obvious items may jump into their mind first. They may think of their home and their cars, as well as personal property like furniture, jewelry, and any artwork they may own. They may focus on the things that they can see and touch, but they may forget some of their most important and financially-significant assets: investments, business holdings, and retirement funds.

What types of alimony are available?

A divorce can be a financial nightmare. Even those with high incomes and significant assets may find it difficult transitioning from a marital relationship into a single lifestyle. At least one of the spouses will likely have to find a new place to live, and both will have to make ends meet without the combined income of two earners.

Money considerations may affect timing of divorce

Florida residents who intend to divorce must often weigh significant emotional and financial factors. Soon, some of the financial matters that they felt confident about may be changing. In fact, in 2019, certain tax implications relating to alimony and prenuptial agreements could introduce uncertainty into the divorce process.

How divorcing spouses should approach a high asset divorce

The divorce process can take its toll emotionally, financially and otherwise which is why couples facing a high asset divorce should understand how to proceed through the process. High asset divorces can create additional complexities and stress in some circumstances which is why divorcing couples should be prepared for what to expect and how to best approach the divorce process.

Confusion over marital assets, debts can cause divorce issues

It is not uncommon for husbands and wives to share the duties of running their households. While one partner may focus their efforts on caring for their children, maintaining their home and meeting their social and familial commitments, the other may prioritize earning money and ensuring that their family has a strong economic base on which to grow. In traditional Florida households, women may tend toward the more domestic roles of familial support, while men generally focus their attentions on the financial health of their relationships.

Important considerations at the end of a marriage

Getting divorced in the United States is a fairly common legal process. While not all marriages end in divorce a large percentage of them will eventually terminate and return the partners to their original single statuses. For Floridians contemplating divorce, it is important to think through a variety of considerations as the divorce process begins. This post will touch on some issues to work through pre-divorce but readers should consider discussing their divorce needs with their family law attorneys.

How to divide retirement assets during divorce

Divorcing couples may encounter disputes related to child custody, child support and property division, including dividing up retirement assets. Because understandable concerns may arise when dividing a 401(k), and there may be tax and penalty concerns associated with the division process, it is important for couples to understand how retirement accounts are divided, especially during a high asset divorce.