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high-asset divorce Archives

4 tricky ways people hide their assets

Hiding assets during divorce can be as simple as withdrawing money and stashing it away in a safety deposit box, but bank records would make that very easy to track down. Even if the money couldn't be located, it'd be clear that it was taken out and never seen again. As such, some people have resorted to more advanced methods to hide their wealth.

Don't fall for divorce myths that can negatively impact you

There are many different assumptions that people make about getting a divorce. While some of the assumptions that are made are valid, there are some that are pure myths. Nobody going through a divorce should believe in the myths.

Prepare for divorce when you know the marriage is ending

We recently discussed the criteria for a divorce in Florida. If you know that your marriage is over, this is only one of the considerations that you have to think about when you are ready to file. When you have the ability to do so, you should ensure that you take appropriate steps to protect your interests before the filing.

Weigh your options for property division in a high-asset divorce

High-asset divorces pose a challenge because of the dynamics of the property division process. If you are in the midst of a high-asset divorce or are thinking of filing for divorce, make sure that you are prepared to deal with the negotiations that will need to take place. Don't worry, we can help you along the way.

Keep your eyes on the prize during a high-asset divorce

Going through your divorce might seem like something that could be made into a version of "The Neverending Story." The good news here is that it will all be over with soon. In your quest to get the process over with, don't try to rush so much that you harm your case.

Don't go into a divorce with a shortsighted point of view

As we discussed last week, alimony is one factor that you have to think about when you are going through a divorce in Florida. There are other considerations for you to think about, too. We can help you to learn about all of the points that you need to plan for when you are going through a divorce.

Understand the basics of alimony payments in Florida

Spousal support is a component of some divorces; however, it isn't as common as some people think. Alimony payments are only components of divorces in which one spouse earns considerably more than the other spouse and there is a standard of living to keep up that requires these payments. In some cases, the recipient spouse is a stay-at-home parent who has put their career on the back burner to care for the children.

High-asset divorces have specific challenges to consider

There are many different things that make high-asset divorces difficult to handle. Many of these problems revolve around the money. Both parties usually want as much as they can get their hands on. In some cases, this causes one party to take illegal steps like hiding assets.

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