High Asset Divorce: 5 Things You Need to Know

High Asset Divorce

At Eric C. Cheshire, P.A., we know how to approach a high asset divorce.  Here are just some of our top tips for you.

Take Your Time

Often, people getting a divorce seek to rush the process. This is rarely beneficial.  Particularly in a high asset divorce, taking your time is essential to a fair and equitable settlement.  Property must be valued, future earnings must be calculated, and debts must be assessed.  These things take time.

Carefully Account for All DebtsHigh Asset Divorce

One of the biggest mistakes made in high asset divorces is a failure to account for all debts.  It is in everyone’s best interests to avoid this mistake.  Debts must be identified so they can be included in the final divorce decree.  Failure to do so could result in an inequitable division of assets and debts. read more

High Asset Divorce in Florida: Steps to Take and Mistakes to Avoid

While every divorce presents its own unique set of issues and concerns that must be resolved, a high asset divorce (also known as a high net worth divorce) can be particularly challenging as they oftentimes involve a significant amount of money, real estate, and investments.  With a lot to lose financially, it is imperative that couples with substantial assets take steps to avoid some of the top mistakes that can occur during a division of marital assets in a divorce.  Especially if you are trying to protect your high net worth during a divorce. read more