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...
In some ways, every Florida divorce is alike. The parties must divide their marital property according to state law and, if they have young children, must resolve questions of child custody and child support. But, as the saying goes, money changes everything. For...
Accumulating wealth has many benefits. Statistics show, however, that financial gain does not immunize Florida residents from the likelihood of divorce. Rather, an old adage sums up the relationship between wealth and divorce: The more you have, the more you can lose....
Most divorces tend to have some common issues which arise. Child custody, alimony and property division will come up frequently. But just like every marriage is unique, so too is every divorce. For couples who have a high net worth, the concept of asset tracing may be...
There are many viewpoints of divorce, some think of it negatively and some positively. However, what many may not realize is that it can be a radical act of self-love. Seeing divorce in a negative light Many believe that divorce is a four-letter word. Indeed, many...
In Florida, any divorce can have challenges that lead to disagreements between the parties. If, however, it is a divorce in which the couple has accrued substantial assets, it might grow even more contentious. For some, the assets were accumulated after the marriage...
Most couples who have decided to end their marriage are concerned about how their marital assets will be divided. For most middle-income couples, their house is their most valuable asset. For wealthy couples, other assets may have value equal to or in excess of the...
In what may be one of the biggest high net worth divorces in the U.S., Microsoft founder Bill Gates and his wife Melinda Gates have decided to end their 27-year marriage. There are many financial implications for their divorce, which could impact them personally as...
Divorce complications may increase with the value of assets, especially if your spouse has a valuable compensation package. It takes more work to understand and address executive compensation in a high asset divorce. Executive compensation packages More than 15...
Property division is a divorce issue that can take center stage if a couple owns many valuable assets. It is important for Floridians to understand the difference between separate and marital property, and the circumstances in which separate property can lose its...