Most people understand that the issues involved in a divorce case are high-stakes, in many cases. If you are going through a divorce in Florida, you may need to address such issues as child custody, child support, alimony and property and debt division. But, in a high-asset divorce, it is the property and debt division aspect of the case that can put your financial future on the line.
Identification, valuation and division
One of the first parts of the property and debt division aspect of a divorce case is usually to identify which assets, exactly, will be subject to division. In essence, which assets are part of the “marital” property? For some divorcing couples, this part can be quite complex. You may have assets that you owned prior to the marriage, or that were always kept separate from your soon-to-be ex-spouse’s assets, for example. Whatever the case, properly identifying which assets must be divided is crucial.
The value of those assets is crucial as well. In order to split assets properly, the value of those assets must be known – it can’t be guess-work. Business assets, artwork, investments – all of these assets may be part of a high-asset divorce in Florida, and must be valued properly.
At our law firm, we understand how significantly your life will be impacted, in the present and future, by the property and debt division aspect of a divorce case. We fight to attempt to make sure our clients get what they are owed in divorce cases. For more information, please visit the divorce overview section of our law firm’s website.
