High Net Worth | High Stakes Divorce Lawyers in West Palm Beach, Florida
If you have worked your entire life toward building a successful business, professional practice or acquiring high net assets, the divorce process can unsettle your business and threaten the wealth that you have worked so hard to accumulate. At the Law Offices of James S. Cunha, P.A., we understand the complications involved in a divorce involving a large marital estate. We know that you did not spend your life building your wealth only to have it dwindled away in contentious or unnecessary litigation.
Effective Handling of High Net Worth Divorces
At times, a high net worth divorce will involve a scenario where one spouse earns most of the income and manages the finances in the marriage while the other spouse has limited involvement and access to the couple’s finances. Regardless of the spouse’s position in the aforesaid scenario, divorce can threaten or compromise either spouse’s current standard of living and create financial uncertainty about the future. If your spouse owned his or her own business and primarily managed the finances during the marriage, you may find yourself at a significant disadvantage when trying to identify and accurately value those assets. This problem is particularly acute if your spouse chooses to hide or divert marital assets in violation of your spouse’s obligation of full financial disclosure during the divorce.
West Palm Beach high net worth divorce lawyer James S. Cunha and his legal team understand the special challenges involved in the discovery process in a high net worth divorce. The attorneys at the Law Offices of James S. Cunha have experience in representing corporate executive officers, professional athletes, business owners, medical and legal professionals–or their spouses–and regularly works with forensic accountants, business valuation, vocational and other financial experts to ensure that his clients receive a fair valuation of any business, professional practice or any other property that may be characterized as marital property. We are also aware that the more contentious your divorce, the more costly the divorce process. Our firm is committed to cost-effective and efficient litigation in high net worth divorces to protect the value of your estate.
Unique Issues in Palm Beach High Asset Divorces
Despite our diligent efforts to minimize the cost of a contentious divorce, sometimes the types of issues in a divorce or lack of cooperation from the other spouse makes an amicable resolution difficult. When it is necessary to litigate complex asset and debt division issues, Mr. Cunha and his firm have the resources and experience to tenaciously represent your interests in court. We engage in extensive discovery to identify hidden assets, expose unauthorized expenditures or waste, reveal all income streams and determine the appropriate valuation method for any business or sophisticated and complex asset. Among the types of issues that often arise in a marital dissolution involving high net worth and complex assets are the following:
- Proper valuation and division of interest in a family business (Closely held business)
- Accurate valuation of complex assets like stock options
- Division of interest in a professional practice run by a spouse, such as a law practice, medical practice, or dental office
- Tracing funds from bank accounts to expose hidden assets
- Using business valuation experts to evaluate the appropriate valuation method and value of a business
- Appraising the value of rare or one-of-a-kind items such as art, collectibles and antiques
- Dividing interest in multiple real estate properties, including investment properties and vacation homes
- Tax implications of potential disposition of assets and debts
There are many issues that must be carefully evaluated prior to the distribution of marital property in a high asset, multi-million dollar divorce in South Florida. Among the issues and facts that must be analyzed are the individual circumstances of the parties, the value and marketability of the assets and tax consequences of proposed disposition of those assets. Our experienced team at the Law Offices of James S. Cunha, P.A. provides the optimal fusion of experience, diligence and expertise to successfully protect our clients’ high value assets, business interests, professional practices and net worth.
Dedicated to Protecting our Client’s Financial Security
Mr. Cunha and his legal team understand the unique challenges involved in high net worth divorces because we have represented professional athletes, those in the entertainment industry, individuals possessing substantial business interests, corporate executive officers of Fortune 500 companies, business owners, or their spouses. We typically conduct extensive discovery and analysis of the assets in your marital estate, engage experts to obtain accurate valuations and employ effective negotiation or tenacious litigation to obtain the best possible outcome for our clients.
The Law Offices of James S. Cunha, P.A. assist clients with all Divorce and Family Law Matters through West Palm Beach, Lake Worth, Palm Beach, Palm Beach Gardens, Boynton Beach, Jupiter, Delray Beach, and Boca Raton in Palm Beach County. We also offer legal representation to clients who reside in Martin, St. Lucie, Okeechobee, Hendry, Broward, and Miami-Dade counties.