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January 2017 Archives

Jesse Jackson Jr. prepares for high assets divorce

Florida readers may be aware of media coverage of the high profile divorce between former United States Representative Jesse Jackson Jr. and his wife, former Alderman Sandi Jackson. The couple are in the early stages of what looks to be a bitter high assets divorce. In a recent move, Jesse Jackson Jr. has subpoenaed a former police superintendent in the matter.

Sealing the records in a high net worth divorce

Some Florida residents are following the divorce between Brad Pitt and Angelina Jolie. As with so many celebrity divorces, there are a number of lessons that can be learned from the example being set by this high profile couple. One of the most impactful aspects of their divorce case is the fact that they have recently agreed to have their records sealed, meaning that the public will have no access to the details surrounding their case. For non-celebrities who are preparing for a high net worth divorce, it is important to understand that such a move is not limited to celebrity couples.

High net worth clients and inherited businesses

For those Florida residents who have been fortunate enough to inherit a business, maintaining control over the related assets is a top priority, especially during the course of a divorce. That can be a challenge, depending on whether the couple have entered into a marital contract. Business assets are treated differently from more traditional types of inherited wealth, and high net worth clients should take the time to familiarize themselves with how an inherited business would be treated in the event of a divorce.  

Tips for coping with a stressful child custody case

Going through a custody battle is not something that many Florida parents are able to predict. When things go south and a child custody fight ensues, it can be incredibly stressful for all involved. It is important for parents to find ways to cope during this challenging time, in order to preserve their own mental health, and to be there for their kids. The following tips are offered in the hopes of assisting that process.

Will I lose my inheritance in a divorce?

If you inherited a considerable amount of money during your marriage, you might have some trepidation about getting a divorce for fear that you will lose part of your inheritance. For example, maybe your uncle died and left you $1 million in his will. Although you were married, you were the sole heir of this money and your spouse's name was never mentioned. The way this money will be handled in asset division proceedings will depend on what you did with the money after receiving it.