Steps to Take When Navigating a High Net Worth Divorce
A high net worth divorce comes with its own set of unique challenges. A high net worth divorce consists of reviewing and understanding extensive complex financial assets, figuring out pre-marital assets and/or liabilities, and often how to handle division of a small family business. High net worth divorces tend to come with more potential roadblocks that require the assistance of a one of the best Sarasota, Bradenton, Lakewood Ranch, and Venice, Florida divorce attorneys near you such as Matthew Z. Martell, Esq.
What are the Steps I Should Take?
First off, make sure that you do not become immobilized or become reactionary. Instead, you should consider reaching out to a divorce lawyer in you in Sarasota, Bradenton or Venice, Florida, so you can seek professional legal advice quickly. At least one of the two spouses is normally going to be financially advanced in a high net worth divorce. If you are thinking about divorcing your spouse, or you believe your spouse is considering filing for a divorce, you should hire a one of the best divorce lawyer near you that you that you can find promptly. You should do this prior to having divorce papers served upon you.
A high-net worth divorce attorney that is experienced will most likely refer you to a forensic accountant that can track the financial movements of your spouse and much more. Even though your spouse may not be hiding anything from you, it is still imperative to have a detailed account and view of your financial state of affairs. It is always wise to be prepared with as much information and documentation as possible, since not enough information or records will usually not work in your favor.
Also, make sure that you do not agree to settlement terms out of guilt. You should treat your divorce like you would any other business transaction. Understandably so, divorce can be extremely devastating no matter if you are the recipient or sender of the divorce papers. However, you should not allow your emotions to drive you. Agreeing to settlement terms just for the sake of placating your spouse or to get out of the divorce as quickly as possible can leave a devastating impact on your financial future. While it may sound harsh, divorces should be treated in the same way as a dissolution of a business.
How a High-Net Worth Divorce Attorney Can Help
If you are going through a high net worth divorce, your Sarasota, Bradenton, Lakewood Ranch, and Venice family law attorney Matthew Z. Martell can provide you with the legal objectives, as well as the knowledge to evaluate all short-term and long-term decision in regard to your divorce settlement options.
The right divorce attorney near you will have experience navigating high net worth divorces. He or she can also give you access to other professionals such as an expert witness C.P.A. and/or an expert witness marital and family law psychologist who can assist you in making sure you get the best outcome possible in this complicated process.
Divorce lawyers near you in Sarasota, Bradenton, Lakewood Ranch, and Venice, FL such as Attorney Matthew Martell will also be able to determine whether certain assets are going to be considered as marital property or non-marital property. Having a divorce attorney that is well-trusted can help you reach workable timesharing and other legal agreements a lot quicker and with less stress. If your divorce becomes highly contested, you will already have a highly rated and experienced divorce attorney ready to do battle for you. This is another huge legal advantage.
Make sure that you do not limit your thinking to just physical property and liquid assets. For example, you should consider factoring in child support, alimony, attorney’s fees and costs reimbursement, and tax issues. Divorce does not just mean you divide up what you and your spouse have currently. It consists of preparing for potential future expenses and income as well.
Sarasota, Bradenton, and Venice divorce attorney Matthew Z. Martell will help guide you through the details, and help you draft a comprehensive Marital Settlement Agreement. He will help you understand just how a divorce will affect your future finances. A high net worth divorce lawyer in Sarasota, Bradenton, Lakewood Ranch, and Venice, Florida such as Attorney Matthew Martell will help you lay out and consider all the short-term and long-term effects of your proposed marital settlement agreement alternatives. If you are serious about hiring one of the best divorce attorneys in Sarasota County and Manatee County for your high net worth divorce, then please contact us at (941) 556-7020.
