Mark Abzug PALaw Offices of Mark Abzug, P.A.2026-06-01T02:39:33Zhttps://www.coralspringslaw.com/feed/atom/WordPress/wp-content/uploads/sites/1404535/2023/11/cropped-mark-abzug-site-icon-32x32.pngOn Behalf of Law Offices of Mark Abzug, P.A.<![CDATA[Asset transparency can be an issue in high-net-worth divorces]]>https://www.coralspringslaw.com/?p=512172026-06-01T02:39:33Z2026-06-01T02:39:33ZFinancial assets that are often overlooked
In general, marital assets fall into one of two categories: marital property and separate property. Marital property includes assets and debts acquired during the marriage, while separate property consists of assets owned before the marriage, as well as certain gifts or inheritances received by one spouse.
However, classification is not always straightforward as it may seem, especially when significant wealth, investments or business interests are involved. Even assets held in only one spouse's name may not automatically qualify as separate property, making careful financial review an important part of high-net-worth divorce cases.
Cryptocurrency has become one of the more common issues in high-asset divorces. Digital currencies can be difficult to trace, especially when accounts are spread across multiple platforms or stored in private digital wallets. In most cases, tracing cryptocurrency assets requires the assistance of a forensic professional. But given the potentially significant value of these assets, the cost is often well justified. However, without proper financial review, one spouse may never fully understand the value or existence of these holdings.
Offshore accounts can also create challenges during the property division process. Some individuals use international accounts for legitimate business or investment purposes, but these assets may be harder to identify and evaluate. Differences between countries in banking laws and financial reporting requirements can make the process even more stressful and time-consuming.
Business interests and deferred compensation are another major source of conflict in high-net-worth divorces. A privately owned company may increase in value during the marriage, raising questions about ownership, future profits and valuation methods. Deferred compensation, including stock options, executive bonuses or retirement benefits, may not be available immediately but can still represent substantial marital assets that require careful review.
When large or complex assets are involved, having experienced legal guidance can make a meaningful difference.]]>On Behalf of Law Offices of Mark Abzug, P.A.<![CDATA[Do child support arrears affect time-sharing plans?]]>https://www.coralspringslaw.com/?p=512152026-05-30T14:35:07Z2026-05-30T14:35:07ZSupport and time-sharing are separate issues
Regardless of whether or not a parent has fulfilled their financial responsibilities to their children, they still have the right to spend time with their children in accordance with the court-approved custody order. A parent frustrated by a lack of financial support does not have the unilateral authority to diminish the other parent's time with the children or deny them access to the children.
When one parent falls behind on their support obligations, the other can initiate enforcement actions. However, a parent denied time with their children can also request enforcement actions from the court. If one parent refuses to let the other spend time with the children due to child support arrears, the parent denied time could ask the courts to enforce the custody order.
Although time-sharing arrangements do influence the amount of support ordered, withholding visitation or parenting time is not an appropriate response to child support arrears. Discussing child support issues with a family law attorney can help parents take appropriate enforcement actions that do not endanger their parental rights.]]>On Behalf of Law Offices of Mark Abzug, P.A.<![CDATA[Can a prenup address child custody rights?]]>https://www.coralspringslaw.com/?p=512072026-05-22T16:54:30Z2026-05-22T16:54:30ZYou signed a prenuptial agreement when you got married. It was very important to your future spouse. You knew that they had more assets than you, which they wanted to protect, and you agreed to the prenup.
But that marriage happened a few years ago, and your spouse has now asked for a divorce. The two of you have a child together, and you assumed that you would have joint custody rights after the divorce. But your spouse has now claimed that the prenup said they would be granted sole custody of any future children, so you are not going to have custody at all. Is this legal?
The prenup likely will not stand
No, this is not necessarily legal. Certain things can invalidate a prenuptial agreement, and child custody decisions are one of the key issues that generally cannot be included.Rather than adhering to prior documentation, the court is going to make a custody decision based on your child’s best interests. The court may determine that it would be best for your child to have joint custody so that they can spend time with each parent. Even if a prenup says otherwise, the court does not have to abide by that provision.
Conflicts over a prenup
This is just one area in which a prenup could be invalidated, and it may even be set aside by the divorce court if it was not properly drafted or executed. If you run into conflicts during your divorce, or if there is confusion about how a prenup should apply, it is very important to know exactly what legal options you have.]]>On Behalf of Law Offices of Mark Abzug, P.A.<![CDATA[3 types of business valuation during a divorce]]>https://www.coralspringslaw.com/?p=511982026-05-18T02:31:29Z2026-05-18T02:31:29ZWhen business owners decide to get divorced, the company may be one of the most expensive assets that they own. It is very important to get a proper valuation as it goes through property division.
This is also true in cases where one spouse is a business owner, and the other is not. That spouse may still have a claim to a portion of the business, especially if it has experienced significant growth during the marriage, so a valuation is critical. Below are three tactics that can be used.
Multiplying annual revenue
One tactic is to look at a company’s annual revenue and then multiply it by a certain amount, depending on the type of business. For instance, some tech companies get valuations of three times their annual revenue. If the company made $1 million last year, its total value is set at $3 million.
The book value
Another tactic is to look at assets and liabilities. For instance, the company may hold $5 million in assets, but it also has $3 million in debt and financial liabilities. Simply subtracting one from the other gives the book value of the company, which is around $2 million.
Market capitalization
Finally, for large businesses that have publicly owned shares, market capitalization can be used. You simply look at the total number of outstanding shares that exist and multiply that by the value of one share to get the total value of the business overall. This can be accurate, but it will not apply in many divorce cases, as small businesses and many family-owned companies are not publicly traded.All of these are viable tactics, and valuations will sometimes be made by using multiple tactics simultaneously. Disputes over the value of a business are common, as are conflicts over how it should be divided in divorce. Couples going through a high-asset divorce must understand their legal options.
]]>On Behalf of Law Offices of Mark Abzug, P.A.<![CDATA[Intentional unemployment and underemployment may affect alimony]]>https://www.coralspringslaw.com/?p=511962026-05-07T10:34:58Z2026-05-07T10:34:58ZThe courts can impute potential income
Financial support calculations typically focus on the current income of the party requesting alimony and the party who may need to pay. However, if an individual clearly does not earn what they are capable of earning due to their employment history and education, the courts can impute their realistic and appropriate income based on their credentials and prior employment.
Imputing income often occurs in child support cases, but it can also occur when one spouse alleges that the other has intentionally become underemployed or left a well-paid job without an alternate source of income with the intention of avoiding alimony obligations. The courts can theoretically calculate alimony eligibility and the amount of alimony owed based on what spouses could earn if they optimized their careers rather than maintaining their current income.
Reviewing financial records and communications with a spouse with a skilled legal team can help those concerned about alimony orders in a Florida divorce understand their options. Those dealing with intentionally unemployed or underemployed spouses may need support pursuing accountability in the family courts, and that’s okay.]]>On Behalf of Law Offices of Mark Abzug, P.A.<![CDATA[What can happen to the marital home in a Florida divorce?]]>https://www.coralspringslaw.com/?p=511942026-05-04T09:21:18Z2026-05-04T09:21:18ZThe marital home is often one of the largest assets a couple may have. For some, the home has considerable emotional ties, particularly for couples who raised children in the home. All of those factors can lead to issues if the couple decides to divorce.
Deciding what will happen to the marital home during a divorce is challenging, partly because of the financial and emotional aspects of the house. It’s critical that you and your ex understand your options if you’re facing this, so you can work toward a resolution that’s in your best interests.
Common options for the marital home
In most cases, people who are going through a divorce opt to either sell the home or for one person to buy out the other person’s share of equity in the home. Both of these options require a proper valuation of the home so it can be handled appropriately. Selling the home is often a preferred option for a marital home. Once the home is sold, any profit can be used to pay off marital debts or divided between the parties. If you opt to do this, it could mean that you start your new single life on the best financial footing. If one party is going to buy out the other party’s equity in the home, the person who keeps the home should ensure that they can afford to keep it. This means being able to keep up with the mortgage, homeowners’ insurance, property taxes, upkeep and maintenance. Other options, such as continuing to co-own the home, might also be possible. It’s critical to discuss your case with someone familiar with property division, including real estate, so they can assist you with determining how to proceed.
]]>On Behalf of Law Offices of Mark Abzug, P.A.<![CDATA[Understanding property division in a high-asset divorce]]>https://www.coralspringslaw.com/?p=511862026-04-23T10:40:07Z2026-04-23T10:40:07ZProperty division in a high asset divorce involves more than simply splitting belongings. It requires a clear understanding of financial structures, ownership and long-term impact.
When significant wealth is involved, the process becomes more detailed and often more contested. Knowing how property is evaluated and divided can help you approach the situation with clarity and confidence.
Classifying marital and separate property
The first step is identifying which assets are marital and which are separate. Marital property typically includes assets and debts acquired during the marriage.Separate property may include assets owned before the marriage or certain personal gifts and inheritances.
Valuing high-value assets
High asset divorces often involve complex holdings such as businesses, investments and multiple properties. Each asset must be carefully assessed to determine its current value.Accurate valuation ensures that both parties understand the true worth of what is being divided. This step is critical for achieving a fair outcome.
Addressing debts and obligations
Property division includes both assets and liabilities. Debts such as mortgages, loans and credit balances must also be allocated. In high asset cases, financial obligations can be substantial and may require careful planning to avoid future complications.
Considering tax and financial impact
Dividing assets can have tax consequences and long-term financial effects since transfers of property, investment income and retirement funds all require attention.Planning ahead helps ensure that decisions made during the divorce do not create unexpected financial burdens later.
Exploring settlement options
Many couples choose to negotiate a settlement rather than rely on court decisions because agreements can provide more control and reduce conflict.If an agreement cannot be reached, the court will divide the property according to Florida’s principle of equitable distribution, which aims to achieve a fair division based on the parties' needs and contributions to the marriage.
Final thoughts
High asset property division is a detailed process that requires careful evaluation of assets, debts and future financial goals where each decision is used to shape long-term stability.Seeking reliable legal guidance can help you understand your options, protect your interests, and work toward a fair and sustainable resolution.]]>On Behalf of Law Offices of Mark Abzug, P.A.<![CDATA[Practical tips to consider during your high-asset divorce]]>https://www.coralspringslaw.com/?p=511812026-04-15T16:10:53Z2026-04-15T16:10:53ZHigh asset divorces can be complex and emotionally demanding. When significant wealth, investments, or business interests are involved, the process often requires careful planning and attention to detail.
Taking a structured approach can help you stay organized and protect your financial interests throughout the process.
Identify and understand all assets
The first step is to create a complete list of all assets. This includes obvious items such as real estate and bank accounts, as well as less visible assets like investments, retirement accounts and valuable personal property.
Distinguish between marital and separate property
Not all assets are treated the same in a divorce. Some may be considered separate property, while others are part of the marital estate. Assets owned before the marriage or received through inheritance may remain separate. However, any increase in value or income generated during the marriage may be subject to division.
Review financial records carefully
Accurate financial records play a key role in high asset cases. Reviewing statements, tax filings and ownership documents can reveal important details about income and asset value.
Plan for long-term financial stability
Dividing assets is only part of the process. It is also important to think about your financial future after the divorce is finalized.Consider how income, expenses, and investments will change. Planning ahead also helps you maintain stability and make informed decisions about your next steps.
Final thoughts
Navigating a high-asset divorce can be challenging, but careful preparation can make a significant difference. By understanding your finances and staying organized, you can approach the process with greater confidence.Seeking reliable legal guidance can help you protect your financial position and move forward with a clear plan for the future.]]>On Behalf of Law Offices of Mark Abzug, P.A.<![CDATA[Prioritize your children during your divorce]]>https://www.coralspringslaw.com/?p=511742026-04-08T10:25:40Z2026-04-08T10:25:17ZThere are many effects that occur when parents divorce, many of which directly affect the children. While it’s easy to get sidetracked by things like property division and logistics related to the divorce, you must ensure that your children remain your priority throughout the process.
Children often feel the weight of schedule changes, financial challenges, and emotional turmoil that their parents may go through during a divorce. Younger children may not fully understand what’s going on, and older children may understand more than you realize. In all cases, it’s critical that you find ways to keep your children at the center of the divorce.
Keep life the same as much as possible
You can’t change the fact that the children will have to learn to live in two homes now. But there are other facets of life that you can keep consistent. If possible, keep the children at the same school and doing the same activities. This brings them familiarity that can help them thrive. It also allows them to count on a support system that they’re familiar with.
Limit their responsibilities
Your children should only have age-appropriate responsibilities. One thing to avoid is adding messenger responsibilities to their duties. You and your ex should communicate directly through verbal or written methods. This keeps the pressure off the children to get the message right and reduces the chance of miscommunication. It also protects the children from information and reactions they shouldn’t have to encounter. As you’re going through the divorce, try to get the parenting plan together as quickly as possible. Working on it diligently without rushing can help you to ensure that you have the critical points addressed. This may be easier if you work with someone who’s familiar with these matters. ]]>On Behalf of Law Offices of Mark Abzug, P.A.<![CDATA[How do you request retroactive child support in Florida?]]>https://www.coralspringslaw.com/?p=511722026-04-06T15:49:30Z2026-04-06T15:49:30ZDoes Florida limit how far back you can request support?
Retroactive child support reimburses a custodial parent for a child’s needs before a court order was put in place. Under Florida law, courts can award retroactive support for up to 24 months before a parent files a petition. For example, if the parents have been separated for more than two years, the court is prohibited from reaching back further than the 24-month statutory period.
The amount is based on the parents’ income and the child’s needs during that time. To calculate, the court will examine documented expenses, such as medical bills, school costs and living expenses. The non-custodial parent can pay the retroactive amount in a lump sum or through installments.
What requirements must you meet to qualify?
To qualify for retroactive support, you must show that:
Your child is under 18, or still in high school with a reasonable expectation of graduation before age 19
You formally filed a petition for child support
You have not accepted or waived support for the time you now seek
Meeting these criteria helps demonstrate the need for support and presents a clearer case for the court to consider.
How can you prove the need for retroactive child support?
To request retroactive child support, you must specify the period for which you are seeking payments. Provide evidence of your child’s financial needs and any circumstances that prevented timely payment.
Courts commonly grant retroactive support when:
The non-custodial parent concealed their true financial status, preventing a full support order
The child had unmet financial needs during a specific period
The non-custodial parent deliberately avoided paying support, such as by hiding contact information
Documenting past support needs also creates a record that can guide future financial arrangements and prevent disputes.
Taking control of your child’s financial needs
Requesting retroactive child support can allow you to take an active role in ensuring your child’s past and present needs are addressed. By carefully gathering evidence and presenting clear reasoning, you not only advocate for your child’s well-being but also gain a better understanding of your family’s financial situation moving forward.]]>