Financial matters are among the most contentious aspects of divorces, whether they center primarily on the division of marital assets or concern issues such as spousal and child support obligations. However, if either you or your spouse has an extremely high net worth, this already-complex part of the marriage dissolution process can become extremely difficult to navigate alone.
Fortunately, support is available to you from seasoned divorce attorneys at the Law Offices of Jason K.S. Porter, P.A. Each of our attorneys has extensive experience helping people through divorces very much like yours. With a knowledgeable Jacksonville high-asset divorce lawyer on your side, you will be able to navigate the procedural and legal roadblocks that might otherwise harm your long-term financial prospects.
Handling the Unique Challenges of High-Asset Divorces
The primary challenge of high-asset divorces is not so much the amount of money or assets involved, but rather the complex ways in which those assets are often valued, transferred, and managed. Instead of simply splitting the funds in a joint bank account or liquidating real property such as furniture, the division process may involve assets such as:
- Trademarks, patents, royalties, and other concerns related to business and intellectual property
- Multiple real estate holdings with different state and national laws governing their sale, valuation, and taxation
- Shared business ownership or interests
- Stock options, private equity holdings, and other unique financial instruments
- High-value trusts with complex structures
- Real property that is so rare it cannot be easily valued, such as fine art
You may also need to consider prenuptial or postnuptial contracts, financial obligations owed to spouses or children from previous marriages, and non-economic contributions made by one spouse to further the career of the other.
A high-asset divorce attorney from our Jacksonville team could help establish exactly what marital property and interests are subject to division in your divorce, so you can get a clear idea of what the process ahead will entail.
What Could Legal Counsel Do To Help?
Support from skilled legal counsel may be crucial not only in determining what property is subject to division during divorce, but also in assessing its fair financial value and identifying tax debts or other liabilities that might impact that value. Depending on the circumstances, this could entail working with private financial advisors, real estate appraisers, and even forensic accountants to ensure you have a complete understanding of both your and your spouse’s financial interests.
A lawyer from our Jacksonville office could also assist you with more standard divorce-related matters, which may be made particularly complex by your or your spouse’s high-asset financial position. For instance, the amount of alimony needed to maintain a certain standard of living will be different for high-asset couples compared to low-asset couples, and it can take a deft approach from a skilled legal professional to ensure your best interests are served in this regard.
Discuss Your High-Net-Worth Divorce With a Jacksonville Attorney Today
Financial knowledge may be key to managing any type of divorce effectively, but it becomes absolutely essential if you or your spouse are high-asset individuals. With that in mind, seeking help from an experienced Jacksonville high-asset divorce lawyer should be a top priority if you have concerns about your financial interests during your divorce proceedings.
The Law Offices of Jason K.S. Porter, P.A., could work by your side through every stage of your divorce, ensuring it goes as smoothly as possible for you. Problems? Pick Porter!TM Call today for a consultation.