Separating money, assets and debts during a divorce can be one of the most contentious aspects of a split. Money and property can mean stability and often reflect the work and time two people put into a marriage, so people often want that dedication to pay off in the end.
Because there are so many deep and powerful emotions at play when it comes to financial standing after a divorce, it can be impossible to take an objective look at what needs to be done to pursue a fair and satisfactory settlement. This is where the guidance and experience of an attorney can be especially beneficial.
Before assets can be divided, couples need to take a comprehensive look at their marital and separate assets. This can be extremely complicated when there are complex or substantial assets involved.
For instance, properties and businesses will need to evaluated; current and future incomes will have to be calculated; contributions to investments, pensions and other accounts should be examined. Additionally, non-financial contributions to the marriage will need to be considered and given a financial value.
Gathering this information can be difficult, particularly in situations where a bitter ex might try and hide money or purposely mislead you about future earnings or valuations.
It can be very easy for you to get overwhelmed with the logistics of just adding up the property that should be divided. Thankfully, you don't have to try and figure out all this on your own or rely on the word of your ex. You can work with an attorney who understands what is at stake in high-asset divorces and knows what needs to be done to seek a fair settlement on your behalf.
If you are currently going through or considering a divorce in Miami and have concerns about splitting complex and substantial assets, we encourage you to visit our website to learn more about our approach to this specific area of family law and how we may be able to help.