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High Asset Divorce Archives

Even high net worth clients can encounter funding issues

Many Florida residents assume that the more money a couple has, the easier it is for them to move through a divorce. It may be true that spouses who divide significant assets can have a rosier outlook on life as a single person, but getting to that point is not always simple or easy. There are many cases in which high net worth clients can have difficulty finding the funds needed to get their divorce off the ground. Several companies have stepped in to fill the need for divorce funding, and focus primarily on high asset divorce cases.

The signs could suggest a high net worth divorce

When it comes to a Florida marriage, there are good surprises, and there are bad surprises. Many spouses fear the phrase "we have to talk," especially in regard to the state of their marital union. Those discussions can sometimes lead to the revelation that one spouse is ready to begin the process of a high net worth divorce. The following signs could indicate that a such a discussion may be on the horizon.

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.  

Waiting requirements and high net worth divorce

One of the things that many Florida residents take for granted is a relatively low barrier to ending a broken marriage. In other parts of the nation, getting a divorce requires a lengthy waiting period. For those who are ready to move forward with a high net worth divorce, that can make matters far more complicated. One state has recently reduced the mandatory waiting period for a contested divorce from two years to one, to the relief of many residents.

High net worth divorce in the digital age

Technology is advancing at a pace that is nearly incomprehensible. It has become increasingly difficult for individuals to stay abreast of technological developments, even for those in Florida who work within the tech sphere. When it comes to high net worth divorce, it is important to understand the ins and outs of data storage. Failing to do so can lead to an unfavorable outcome, no matter what side of the courtroom one is on.

Weight loss can result from high net worth divorce

Moving from married to single can be a difficult process, even in cases where divorce is clearly the best step for all involved. For many Florida spouses who are going through a high net worth divorce, losing weight will accompany the process. This can be a good thing for some, but can lead to health issues for others. No matter if an individual is looking to shed a few extra pounds or is already in peak physical condition, it is important to make wise health decisions during this intense period of time.

Three reasons to have a Prenup

No one gets married with divorce in mind. When we decide to settle down with someone, we are usually thinking it is for life. However, the reality of the situation is that divorce is always a possibility. Divorce doesn't have to be someone's fault. Sometimes there are simply irreconcilable differences that cannot be worked out.

Don't let a high net worth divorce impact job performance

Going through a divorce is a stressful and hectic time. There are numerous tasks that demand one's attention and a range of emotions that Florida spouses will have to pass through as they progress toward the end of the marriage. For those who are going through a high net worth divorce, these demands can be even greater, as there are more details that must be attended to, as well as more decisions to be made in regard to the division of marital wealth. It can be easy to let these issues have a negative impact on one's job performance, but staying on task at work is crucial to future success and stability.