Lakeland High Asset Divorce Lawyer

Lakeland High Asset Divorce Attorney

A divorce is an unfortunate circumstance that can happen to any marriage. While you may not plan for a divorce when you get married, it can be helpful to speak with a Lakeland high-asset divorce lawyer who can help you prepare. Having a game plan in place can give you peace of mind in knowing that you have a strong legal strategy to protect the assets you’ve worked so hard to accumulate.

Ways to Protect Your Assets

In a high asset divorce, one of the most important things is protecting your assets from your spouse. There are a few different ways of doing this, and the right choice will depend on your preferences and unique situation. Some important things to do to prepare for a divorce are to:

• Read your prenuptial or postnuptial agreement closely. A family lawyer can help you understand the legal agreement. Any assets not mentioned within the agreement could be lost in the divorce case if you do not have legal representation.
• Collect information on spending. It can be helpful to gather any information you can on the spending between you and your spouse. This can be considered marital spending. If you share a bank account, consider breaking out what you spent versus what your spouse spent. Keeping this record could be used as evidence in your divorce case. It could affect the level of compensation given out.
• Engage an accountant. Accountants can be helpful professionals, especially in high asset divorce cases. It is not uncommon for spouses to hide assets from their spouses. An accountant can review tax returns, property deeds, credit card statements, and other financial matters.
• Engage an attorney. Perhaps the most important thing to do is hire an attorney experienced in high asset divorce cases. A good lawyer will know how to listen and create an effective legal strategy tailored to your specific situation.

What Happens to My Kids in Divorce?

Each divorce case is different, so there is no blanket answer as to what will happen to children in divorce. The courts will rule in favor of what is in the best interest of the children. Generally, the courts want the children to have a healthy relationship with each parent, so you are likely to create some sort of parenting arrangement.

FAQs About Lakeland, FL High Asset Divorce Laws

How Much Does It Cost to Hire a Divorce Lawyer in Florida?

The costs of hiring a divorce lawyer in Florida will depend on a variety of things. For example, the location and experience level of the lawyer will influence the cost. Also, the complexity of the divorce case should be considered. If it is a contested divorce, you can expect it to be more expensive than an uncontested one. Depending on the amount of assets involved, the divorce case could be expensive. Speak with an experienced divorce lawyer in Lakeland to get an idea of the total costs.

How Do You Protect Assets in a Divorce in Florida?

There are several ways you can protect your assets in a divorce in Florida. One way to protect your assets is through a prenuptial or postnuptial agreement. This is a legally binding contract that outlines how property will be divided during a divorce. You could also create an asset protection trust to hold assets you want protected from a divorce. Finally, there are forms of life insurance you can create to help mitigate this as well.

What Is the Wife Entitled to in a Divorce in Florida?

In a Florida divorce, a wife may be entitled to a fair and equitable share of all marital property. Marital property can be any property that was acquired during the marriage. This could be real estate, bank accounts, investments, vehicles, and any other personal property. While the goal in a divorce usually is to divide the property equally among spouses, it does not always lead to a 50-50 split. Factors like the length of the marriage and contributions made by each spouse will be considered.

What Is the Divorce Rule in Florida?

In Florida, there is a ten-year divorce rule. Ten years is the cut-off between short-term marriages and moderate ones. For marriages that lasted less than ten years they are considered short term. This comes into play when a divorcing spouse seeks alimony in the divorce case. The courts will consider the length of marriage when awarding alimony payments. If the marriage lasted more than ten years, the spouse may have a strong case.

Is My Wife Entitled to Half My House If It Is in My Name in Florida?

Your wife may be entitled to half your house even if it is in your name in Florida. Spouses are entitled to half of all marital property in Florida divorces. If the house was acquired after the marriage, it would be considered marital property and subject to division. The name on the title of the property does not necessarily matter in this instance. If the house was acquired before marriage, it may be considered separate property, but once spouses move in together, it becomes marital.

A Legal Team That Can Help

Any time there is a divorce, it can be a stressful process for all parties involved. A divorce can be a traumatic experience for the spouses, their children, and any other close family members. During this emotionally and mentally challenging time it is important to have trusted legal representation on your side. It is likely that your spouse will engage an attorney, so you should too. An attorney gives you the greatest chance of protecting your assets.

At Fairway Law Group, our legal team is dedicated to serving you as you navigate through this difficult time. We have helped clients all over the state of Florida. It is important that you have experienced legal counsel on your side, especially if there are a lot of assets involved in your divorce. You need a lawyer who can help prepare a strong legal defense. Contact us at our office today for help.