The hard work and effort that one puts into building a business is often hard to measure concretely. However, when a business owner finds him- or herself facing a high asset divorce, having a solid plan in place can preserve the company's future. Florida residents who are preparing to file a divorce petition have some tools that may help safeguard their business.
The hard work that one invests into growing a successful enterprise may be one of the most satisfying experiences in life. If a divorce were to threaten the success of this business, the business owner could be left with little more than shattered dreams. There are steps that Florida residents can take to protect a business in the event of a high asset divorce.
The dissolution of a marriage can lead to intense bitterness and acrimony, especially when the couple have considerable assets to divide. Though many couples may have signed a prenuptial agreement in an effort to reduce fighting, individuals caught up in a high asset divorce may still make harsh allegations during court proceedings. Florida residents facing these issues can seek the guidance of experienced family law attorneys.
A recent study conducted by the Center for Retirement Research seems to suggest that divorced women are more likely to be homeowners. This appears to run counter to previous research that indicated that women did not enjoy financial security after a dissolution. Regardless of whether a Florida resident later becomes a homeowner, a high asset divorce requires careful planning and consideration in order for either party to realize financial stability.
In the typical divorce, one of the most pressing issues is forcing strained resources to cover two households. However, in a high asset divorce, there isn't typically a lack of resources but, rather, no clear plan for how to arrive at an equitable settlement. Florida residents who are anticipating filing for a divorce can take steps that can ease the process.
The end of a marriage brings countless changes. One aspect of life that may be impacted the most by a high asset divorce is one's finances. Florida residents who are preparing to divorce, may benefit from reviewing how it will affect their future tax filings.
Once the "I Do's" turn to I am done, there are many matters to be addressed. A divorce is an emotionally complicated time, and it may be most helpful to both parties if they can approach it as a business transaction that can be handled as dispassionately as possible. Florida residents who are facing a high asset divorce may benefit from seeking the skilled assistance of a family law attorney.
Many Florida spouses are aware that there are numerous technological tools that can be used to gather information on another person. Faced with a high asset divorce, it can be tempting to leverage those tools to gather information about the activities of one's soon-to-be ex. It's important to work closely with an attorney before attempting any type of tech surveillance, as some efforts could be in violation of the law.
Many Florida readers will recall media coverage of the divorce between the founder of Cancer Treatment Centers of America and his much younger wife. The divorce was finalized, but the wife has filed an appeal in the high asset divorce case. She wants the court to reconsider how her former husband's assets were valued.
Florida residents may recall media coverage of a high-profile divorce between the wealthy founder of Cancer Treatment Centers of America and his wife of 26 years. The couple have been separated for 10 years, and have been negotiating the details of their high asset divorce case for the past eight years. Unable to reach a settlement outside of court, the couple finally achieved resolution through a legal proceeding.