Tampa High Net-Worth Divorce Lawyer

Protecting Your Rights Through the Dissolution Process

When it comes to divorce, high net-worth couples often face unique challenges and complexities. At Givens Law Group, our team of experienced Tampa high net-worth divorce lawyers understands the intricacies of these cases and is dedicated to providing comprehensive legal guidance tailored to the specific needs of our clients. We recognize that the financial and emotional stakes are high, and our mission is to protect your interests throughout the divorce process.

Call Givens Law Group today at (813) 328-6159 or contact us online to schedule a meeting with our high net-worth divorce attorneys in Tampa!

Understanding High Net-Worth Divorce

High net-worth divorce cases involve individuals or couples with substantial assets and complex financial portfolios. Property division can become highly contentious in such cases as both parties seek to secure their financial futures.

Common assets involved in a high net-worth divorce include:

• Real Estate: This includes the primary residence, vacation homes, and rental properties. Commercial properties such as office buildings or retail spaces are also common assets.
• Financial Investments: High net-worth divorces often involve dividing stocks, bonds, and mutual funds. Additionally, investment portfolios and retirement accounts like 401(k)s and IRAs are significant assets.
• Businesses and Business Interests: Assets may include ownership stakes in privately held companies, partnerships, and joint ventures. Shareholdings in public companies and the value of business goodwill are also key considerations.
• Cash and Cash Equivalents: Bank accounts, including savings and checking accounts, are typical assets. Money market accounts also fall into this category.
• Personal Property: Luxury items such as cars, boats, and airplanes are often involved. High-value personal items like jewelry, art, and designer clothes are also considered.
• Intellectual Property: This category includes patents, trademarks, and copyrights. Royalties and brand names are also important intellectual properties to divide.
• Deferred Compensation and Employment Benefits: Dividing stock options and restricted stock units can be complex. Executive bonuses, deferred compensation plans, and golden parachutes are also considered.
• Trusts and Estate Plans: Trust funds and life insurance policies with cash value are significant assets. Wills and potential inheritances must also be taken into account.
• Debts and Liabilities: Common liabilities include mortgages and various loans, such as personal or business loans. Credit card debts and tax liabilities are also important to address.
• Miscellaneous: Memberships in exclusive clubs like country clubs may be valuable assets. Licensing agreements and franchise rights also fall under miscellaneous assets.

One of the key aspects of high net-worth divorce is asset valuation. Determining the value of various assets accurately is crucial to ensuring a fair distribution. Our experienced Tampa divorce lawyers collaborate with financial experts and forensic accountants to comprehensively analyze your assets, leaving no room for discrepancies that could disadvantage you during the divorce proceedings.

Does My Husband Have to Pay for My Divorce Lawyer in Florida?

Generally, a spouse in Florida is not required to pay for their spouse's divorce lawyer. However, a court can award attorney's fees as part of a divorce award. The court will consider requiring one spouse to pay the other's lawyer's fees only when a request or petition is made for the prices.

Issues Involved in High Net-Worth Divorce

• Property Division: The division of marital property can be particularly complex in high net-worth divorces. We work tirelessly to identify and classify assets as separate or marital, ensuring an equitable distribution under Florida's equitable distribution laws.
• Spousal Support: High net-worth divorces may involve significant spousal support (alimony) negotiations. Our legal team will help you navigate the complexities of determining the appropriate amount and duration of spousal support based on your unique circumstances.
• Child Custody and Support: While financial matters are often at the forefront, child custody and support issues can also arise in high net-worth divorces. We prioritize the best interests of your children and work to achieve custody arrangements that are fair and in their best interest.
• Business Valuation: Accurate valuation is essential for couples who own businesses. Our Tampa high net-worth divorce lawyers collaborate with experts to ensure a thorough evaluation of business assets and their impact on the divorce settlement.
• Tax Implications: High net-worth divorces often involve complex tax considerations. We work closely with tax professionals to minimize tax liabilities and maximize your financial stability post-divorce.
• Prenuptial and Postnuptial Agreements: Pre-existing agreements can significantly affect high net-worth divorces. We review and interpret prenuptial or postnuptial agreements to determine their enforceability and impact on the divorce proceedings.

What is a Fair Divorce Settlement in Florida?

A Florida divorce settlement is considered fair when it is an equitable property division between spouses. The court will usually divide marital assets and liabilities 50/50 unless there are elements that would make an equal split inequitable.

How Long Does a High-Net Worth Divorce Take?

The duration of a high net-worth divorce can vary significantly depending on several factors, including the complexity of your financial affairs, the level of cooperation between spouses, and the court's schedule. While we strive to resolve cases efficiently, thoroughness is essential to protect your interests fully.

High net-worth divorces typically take several months to several years to resolve. The following factors can influence the timeline:

• Asset Complexity: The more intricate your financial holdings, the longer it may take to identify, value, and distribute them appropriately.
• Negotiation and Settlement: If both parties can reach an agreement through negotiation or mediation, the process may conclude faster than going to trial, which can be lengthy.
• Court Scheduling: The court's schedule can impact the timing of hearings and proceedings. High net-worth divorce cases are often given priority due to their complexity.
• Contested Issues: If there are contested issues such as child custody, spousal support, or property division, it may prolong the divorce process.

While the length of a high net-worth divorce case can be uncertain, our team at Givens Law Group is committed to guiding you through every step of the process efficiently and effectively. We strive to resolve matters as expediently as possible without compromising the quality of our representation.

What Happens When One Spouse Doesn't Want a Divorce in Florida?

In Florida, you don't need your spouse's consent to get divorced. You can petition the court for a divorce, claiming irreconcilable differences, and a judge may grant a default divorce. If your spouse refuses to sign papers, divorce will take longer and be more complex. However, the missing signature will continue the divorce.

Contact Our Tampa High Net-Worth Divorce Attorneys Today

In high net-worth divorce cases, navigating the complexities of asset division, spousal support, and child custody requires the expertise of seasoned legal professionals. At Givens Law Group, our Tampa high net-worth divorce lawyers bring years of experience and a deep understanding of the intricacies involved in such cases.

Contact Givens Law Group today to schedule a consultation with our high net-worth divorce lawyers in Tampa!