A Brief Look at High Asset Divorces
Does your divorce involve large assets? If your marriage has significantly broken down, you may be eager to get the process over with as quickly as possible. With large assets, taking time means a divorce settlement that is fair and equitable.
Failing to take all debts into account is among the most common errors made in high-asset divorces. It is in the best interest of all involved to prevent this mistake. Debt needs to be listed for inclusion in the final divorce order. Failing to do so may lead to an unequal division of the assets and debts.
Failure to report all assets may constitute a crime being committed against the court, which could mean criminal as well as civil punishments. People who hide assets are almost always found out in high-asset divorces. Parties must thoroughly report properties and be completely upfront about them. The lawyers will then work for a just settlement. If you feel particularly strongly about keeping something, inform your attorney. They should take this into account in the negotiations.
This update is provided by the firm and Miami family law lawyers of Rafool, LLC. We have a strong reputation throughout Florida and we have numerous years of experience representing clients involved in complex divorce cases as well as other family law matters. Should you have any domestic or family issue, we are here to assist you by providing educated advice and skilled, professional advocacy. Call 305-567-9400 to speak with one of our family law attorneys Miami.
This information is provided for educational or informational purposes only and should not be construed as legal advice. The information is not provided in the course of an attorney-client relationship and is not intended to substitute for legal advice.