When you are going through a high-asset divorce, you may feel that there is everything on the line. If you’re not cautious, you might think that you could lose much more than you should.
Florida is known as an equitable distribution state, which makes it likely that your assets will be distributed fairly, but not necessarily equally. For example, if you’re the only person who has worked in the last few years, but your spouse supported you through a university several years prior, you could find that their support is considered during your divorce. Current roles and your present-day actions aren’t all that will affect your divorce.
There are many factors that could impact your divorce and how your assets will be divided such as:
- How much money each person earns
- The health of each person
- How long you were married
- If you have children and which items should go with them to the primary home
- Whether the other party wants alimony or spousal support (or vice versa)
With so many different factors, it’s important that you have good representation. You need to know the laws and how they could affect you. You’ll need to think about how your taxes could be impacted by the decisions you make as well as how to divide your assets in a way that is fair to you and to your spouse.
If you want to learn more about separating your assets in Florida, our website has a lot of information that you may be interested in. Learn more, so you can make the best possible decisions during your divorce.