A divorce proceeding involving individuals who have a high net worth can be very complicated. Accordingly, choosing the right attorney to represent you is essential. A highly, skilled Florida divorce lawyer, such as Mr. Cunha, will be able to better evaluate your high net worth Florida divorce by providing you with his insight into the following:
Identification and Characterization of Non-marital versus Marital Property. A skilled Florida divorce attorney can help you review the assets that may be subject to dispute during the divorce. Generally, this can include an evaluation of marital and non-marital property. Mr. Cunha can also help you plan the division of complex assets like business interests or litigate these matters in court.
Taxes. There will be tax considerations that you must assess when dividing marital property. Mr. Cunha, who is an experienced divorce attorney in West Palm Beach, Florida can recommend the most appropriate division of property to minimize the tax impact.
Accounting Methods. The accounting methods that are utilized in a business may also have an impact on that business’ valuation. It is helpful to have an attorney, like Mr. Cunha, who is familiar with these accounting methods.
Time Value of Money. It is important to consider the time value of money when attempting to negotiate in a divorce. Time Value of Money is the value of receiving the money today versus receiving it at a future time.
Prenuptial Agreement. Many individuals of high net worth may enter into the marriage with a prenuptial agreement. These agreements may require interpretation and not necessarily be enforceable. If you have a question about a prenuptial agreement, Mr. Cunha will be able to explain the strengths and weaknesses of enforcing such an agreement.
Lifestyle. In a high net worth divorce, a lifestyle evaluation will need to be conducted by an expert to determine how both parties lived during marriage. This can also include evaluating the earning capacity of each spouse and determining how much is necessary to maintain his or her standard of living.
Individuals with a high net worth may face unique challenges in their divorce proceedings. Contact the Law Offices of James S. Cunha, P.A. at 561-429-3924 to schedule a consultation.
