Divorce can be challenging for anyone, no matter what their financial landscape looks like. However, for some business owners, the end of their marriage marriage can also mean the potential loss of the enterprise they worked so hard to build. In Florida, courts use...
Equitable Distribution
Does cheating affect property division in divorce?
In Florida's luxurious communities, high net worth divorces often involve intricate financial matters. When infidelity enters the picture, it adds another dimension to asset division. Many wealthy individuals wonder how their or their spouse's unfaithfulness might...
Businessowners face unique divorce-related issues
Many people in the Fort Myers area either own or co-own a prosperous business. Often, a person’s interest in a privately held business ranks among their most valuable property. South Florida residents may also have some emotional attachment to their business...
Dividing artwork in a Florida divorce
During your marriage, you and your spouse may have invested in several expensive art pieces and other collectibles. If you are getting a divorce, it can be difficult to determine who should keep which items. Art pieces can be highly valued for emotional reasons, as...
Dividing stock options in a divorce
Florida law calls for divorcing couples to divide their marital property equitably, meaning in a way that meets standards of fairness under state law. This process is known as property division, and it's often the most technically difficult aspect of a divorce. And,...
Understanding property division in divorce
Couples who decide to divorce must decide what to do with their property. There are two types of property a couple may have. These are called separate property and marital property. Separate and marital property Separate property refers to assets that are owned by one...
When your business is considered marital property in your divorce
When a married couple divorces in Florida, one of the first steps of the property division process is to divide any separate property from the marital property. Next, the spouses must divide the marital property under state law. For the most part, there are just these...
Two ways to value your home in a divorce
Getting divorced in Florida comes with all sorts of complexities, especially when it comes to the division of high-value assets, such as your home. You and your spouse can choose to sell your home and divide the profits. Or one of you could choose to keep the home and...
How is a professional practice divided in a Florida divorce?
When Floridians get divorced, property division is a common problem. For people who have been lucky enough to have a successful life, a high-asset divorce is even more complicated. The law says that property will be equitably distributed. Since it strives for fairness...
Art collection worth $600 million to be sold as part of divorce
Florida is a landing spot for many wealthy people because of its agreeable climate and tax-friendliness. With that, there are instances in which people who have been fortunate enough to accrue major wealth will experience marital problems leading to a divorce. One of...