Divorce is a stressful and complicated process. If there are a lot of assets
and property involved, the process can be even more difficult. It is important
to prepare for your case in order to protect your financial interests
during the divorce. Our firm has guided countless clients to successful
outcomes, and will guide you from start to finish.
In order to prepare for a high net worth divorce, you need to:
Organize your documents. It will be necessary to verify your assets using documentation. This may
include financial statements, vehicle registrations, credit card statements,
banking information, tax returns, insurance policies, and other financial
documents. It is important to gather these forms and to keep them organized,
labeled, and easily accessible throughout the divorce.
Keep track of attorney fees. Attorney fees, court costs, and other fees will be part of the final settlement
in the divorce. That is why you need to keep receipts and other records
of all costs related to the case. Thorough documentation is essential
to protecting your rights and interests in a high asset divorce.
Watch out for cheating. In a high net worth divorce, it is common for one spouse to try to hide
assets. If you notice that your spouse’s jewelry or artwork has
suddenly gone missing, it may be that he or she is trying to hide assets.
You need to keep track of any discrepancies, and to take pictures of assets
and property you and your spouse own. This will be necessary to prove
that the assets exist.
Keep track of your spouse’s debts. It is important to remember that debts and liabilities will be divided
in the end, just like assets. Thus, it is a good idea to perform a full
credit report on you and your spouse to avoid any surprises.
Stay practical and accept your half. Once the divorce is over, you may not be able to afford payments and maintenance
for some high-end assets and property. It is also important to remember
that you may receive assets and items that you don’t want, such
as you husband’s motorcycle or your wife’s art collection.
Even if you don’t want it, you can still sell these items. A high
asset divorce is much like a business transaction. Take what you are offered,
and have realistic expectations about what you’ll be able to keep
once the divorce is finalized.
Avoid letting emotions drive your decisions. We understand that divorce is an emotional process. However, it is important
to avoid letting emotions drive your decisions. Instead, treat the divorce
like a business deal. Think about your financial future after the divorce,
and avoid making rash decisions that could hurt your situation. Do your
research, hire a knowledgeable divorce attorney to walk you through the
process, and use your head, not your heart, to make decisions.
Call R. Gregory Colvin, LLC Today at (407) 603-3460 for Compassionate Representation
Divorce is never easy, especially when there are a large number of assets
involved. If you are facing a complex divorce case, our Orlando divorce
R. Gregory Colvin, LLC can represent you tenaciously. We will work with financial experts to
analyze your situation, and will aggressively represent you in court as
you seek a favorable outcome.
Ready to get started? Contact us
today to receive a free initial consultation.