Miami High Net Worth Divorce Lawyers

Miami Divorce Lawyers Working With High Net Worth and High Asset Divorces

Going through the divorce process can be complicated for any couple with joint finances. However, high-net-worth couples face additional stressors when determining how to split complex asset portfolios and fairly restructure their joint assets.

If you are planning or going through a high net worth divorce, you need a competent high-asset divorce attorney on your side to ensure that your rights and assets are protected. Schedule your strategy session with our professional family lawyer in Miami so that you can get the help you need and deserve.

Who Needs a High Net Worth Divorce Attorney in Miami?

Sometimes, the judge in a divorce case is able to split the marital property 50/50 without any issues. However, the vast majority of high-net-worth divorce cases are not so simple.

Working with a high net-worth divorce attorney can be highly beneficial if you and your spouse:

• Have shared assets that are difficult to divide, such as a business or real estate property
• Cannot reach an agreement about the division of property
• Do not agree with the judge's assignment for asset division
• Need a creative solution for a complex problem

How Is Marital Property Divided in Florida?

In a divorce, Florida law separates property into two categories: marital property and non-marital property. Marital property is property acquired by either spouse during the marriage, while non-marital property was acquired before the marriage.

Florida typically uses a 50/50 split system to divide marital property. However, in a case in which a judge believes a 50/50 split would be unfair to either spouse, they may consider all relevant factors and determine another proportion to divide the property.

If the couple has property that is difficult to split — such as real estate property or businesses they do not want to sell — the judge may award the asset to one spouse and award an equally valuable asset to the other spouse. This process can be complex, and this is why working with an attorney and often a forensic accountant throughout the process is essential.

Why Are High Net Worth Divorces Complicated?

Dividing marital property in high net worth divorces often requires more consideration than in traditional divorces. High-net-worth couples sometimes have nontraditional assets that are challenging to value and divide between spouses.

Additionally, the process of valuing and inventorying all of the assets shared between a high-net-worth couple can be time-consuming. The couple may have trouble determining which property is shared and which is non-marital property. They may also disagree about the division of their assets.

If you are navigating a high net worth divorce, our divorce attorney team can help protect your rights to your property and ensure a fair division of assets.

Miami High Net Worth Divorce Lawyers

At Miami Family Law Group, PLLC, we know that a divorce case involving high-value assets is often more complex than a standard divorce. In a high net worth divorce, there is a lot at stake for both spouses. In order to uncover, divide, and allocate the significant assets from the marriage, you are going to require a highly skilled Miami high-asset divorce attorney. They will ensure your best interests are fully represented.

By working with our skilled attorneys, you will have a legal advocate who understands the complexities involved in a case like this. Our law firm will work together with forensic accountants, asset evaluators, and tax law specialists to make sure you get the fairest share of the assets you own.

We prioritize mediation in all divorce cases. This allows for a steady progression in a productive manner. Even spouses who come to us convinced they cannot sit down and make progress together are often shocked by what they can achieve with skilled mediation. Your attorney will ensure that the discussions are productive, defusing tempers when they rise and ending discussions if they become unproductive at any point.

However, even mediation will sometimes not work, and when it becomes necessary, we are prepared to fight aggressively in court as your fierce advocate. We are as skilled in litigation as we are in mediation, meaning no matter what direction your case takes, we are ready.

Call us today to discuss your case at 305-520-7874.

How Can a Miami High Asset Divorce Attorney Help?

When you secure representation from our law firm, we will work to help you secure your future whilst protecting your privacy. Our team has access to numerous financial experts who can help you determine the true facts, and we will ensure that the family assets and marital estate, including debts and investments, are accurately valued.

Our team has experience in fighting complex cases, both in the courtroom and out, meaning we are uniquely positioned to fight any high net worth divorce case.

Miami Family Law Group, PLLC - Defending Your Financial Interests in a High Net Worth Divorce

The team here at Miami Family Law Group, PLLC, has experience in all aspects of a high-net-worth divorce, including:

• Divorce proceedings
• Post-dissolution judgment enforcement
• Child support and spousal support arrangements
• Spousal support modifications
• Contempt proceedings if your ex-spouse is violating their court orders
• Other complex and difficult family disputes

We work with a range of financial professionals, from investigators who uncover hidden assets to forensic accountants and investment experts who can accurately value long-term investments. We fight to protect your legal rights and your financial interests, paving the way for a bright new future.

As a family law firm, we understand the stresses that cases like this can place on your family, and we work to keep conflict to the minimum and maintain relationships. This is always in the best interests of all involved, especially if you have children in the marriage.

Providing Essential Property Protection

We know how important the outcome of a Miami high net-worth divorce is, especially when it comes to dividing property. We work tirelessly and employ negotiation and mediation wherever possible to ensure that our clients receive what is rightfully theirs. Where this is not possible, our team is comprised of skilled trial lawyers, and we are ready to litigate on your behalf.

The use of mediation and negotiation in high-asset divorces allows for a number of benefits, such as reducing the conflict between spouses, protecting the privacy of the couple, and providing a space where mutually beneficial interests can be reached.

Mediation and negotiation also allow us to keep the cost as low as possible, as it prevents court involvement. However, if one or both spouses refuse to cooperate, coming to reasonable and fair agreements through mediation may simply be impossible.

Division of Assets Via Florida's Equitable Division Rules

There are a number of things to consider when it comes to the division of high-value assets in a Miami high net worth divorce. It is important to remember that if you cannot come to amicable agreements with your spouse, you will need to turn to the courts to intervene. As the courts must divide the property in an equitable, fair way, the results may be in neither party's best interests. This is one of the reasons mediation is so valuable, as it leaves control of the process in the hands of both spouses.

This may be an even split between the two spouses, but it may not, and it will be down to the judge to decide what they believe to be fair and equitable.

When spouses own and operate a business together, the division can be a matter of contention. It can also be difficult to decide what is fair and reasonable if there are a number of income streams, investments, or physical assets, especially if there are no prenuptial or postnuptial contracts in place to give guidance.

Divorce involving substantial assets and property division will need to be examined with scrutiny, as not all the assets owned by the individuals may be up for division. Only property obtained by either individual while they were married will be up for division. There are also some exceptions, such as gifts, compensation payouts, and inheritances, which may be considered separate property rather than marital property.

Some assets that may need to be addressed during the process of a high net worth divorce include:

• Business interests
• Stock options
• Other investments
• Retirement accounts
• Art collections
• Jewelry
• Vehicles and boats
• Real estate properties
• Valuable furniture

If the court has been involved, their first step will be to determine what property and assets are opened by the spouses. They will then determine what was owned by each party before the marriage and what was obtained during the marriage.

The courts, at this point, will need to figure out a fair market value for things like the business assets owned. To do this, they will look at the value of the assets owned by the business, the potential future earnings, and the future evaluation of the business.

Because of the number and the value of the assets involved in a high net worth divorce, there will be considerably more effort put into the evaluation compared to a normal divorce. This means your attorneys will need to work with a number of financial experts to assist them with the assessments.

Your high net worth divorce attorney will be responsible for:

• Completing a full and comprehensive evaluation of the assets and property holdings of each individual. This includes pensions, investments, retirement accounts, and real estate.
• Account for sacrifices made by either spouse. A common example is if one spouse has taken a step back from work or the business in order to look after children.

Investigation of Hidden Assets

Ensuring that all assets are accounted for is crucial when it comes to deciding upon things such as alimony and child support payments. When couples come to the negotiation table, they should ensure that they disclose all assets, but unfortunately, we regularly handle cases where spouses try to hide their assets.

There are a variety of strategies that are used by individuals to conceal various assets during the divorce process. Some of these assets may not be easy to uncover, and they may not show up on financial statements, as they are liquid assets such as offshore bank accounts or bonds.

One type of asset that has become popular in recent years is cryptocurrency. Due to the decentralized nature of these currencies and the anonymity provided to owners, it can be difficult to uncover the true value of an individual's holdings. However, with the help of the skilled investigators that we work with, we can uncover these assets, bringing them to the attention of the court and de-crediting your spouse in their eyes.

Our attorneys can help with a variety of issues related to complex property and hidden assets. We can:

• Bring in investigators who can perform extensive research and investigations to discover assets that your spouse is attempting to hide. We can uncover unlawful expenditures and expose all income streams to the court.
• Ensure that your spouse is not moving funds to offshore accounts and hidden holdings.
• Discover evidence for hidden cryptocurrency accounts utilizing the help of forensic accounting.
• Bring in expert business evaluation teams that can accurately gauge the true value of a company.
• Speak to experts to appraise the worth of artwork, collectibles, and other goods such as gold, silver, and precious gems.
• Accurately value real estate portfolios and ensure they are divided in a fair manner.
• Establish what potential asset and debt dispositions may have tax implications.

Here at Miami Family Law Group, PLLC, our team will always work tirelessly to uncover hidden assets, whilst ensuring your privacy is maintained as much as possible. We will ensure that you get the best possible results, results that give you and your family the best chance of moving into a bright new future with as little friction as possible.

Miami High Asset Divorce FAQ

Contact Our Miami High Net Worth Divorce Lawyers

Here at Miami Family Law Group, PLLC, we have worked on behalf of numerous high-net-worth individuals and their spouses. We have won favorable outcomes in numerous cases, working with investigators to uncover hidden assets, fighting in court for fair child support arrangements, and ensuring alimony is awarded when it is reasonable.

Contact us today at 305-520-7874 to set up a consultation.