There are a variety of important concerns for couples to take into account during a divorce including property division, alimony, child support and child custody, among others. Divorcing couples may be able to reach agreements concerning some divorce-related issues but not others. It is also important for divorcing couples to understand the legal process of divorce and to remain focused on the process without being overly caught up in the understandable emotions associated with the divorce process.
High asset divorces can be particularly complicated when significant assets, property, money and business interests may be involved. High asset divorces can also grow heated on both sides. Making well-informed decisions, rather than allowing emotions to dictate decisions, during the divorce process is important. There are several pitfalls it can be helpful to avoid during a high asset divorce. To begin with, it is important not to agree to a settlement that is not in the best interests of each of the spouses just to end the divorce process.
In addition, when ending a divorce, it is important to focus on the dissolution rather than guilt or other emotions the couples may experience. It is also important to be open during the divorce process and not attempt to hide assets. Accurate financial information and disclosures should always be provided. It can be helpful in some situations to conduct forensic investigations into the couple’s finances. Lastly, it is critically important to consider the tax consequences of any settlement agreement and asset division.
It can also be essential to seek competent advice and trained guidance can be helpful to direct a spouse through the divorce process without acrimony. Focusing on a settlement agreement both spouses can live with, and utilizing family law resources to help them through the process, can help lead to a smoother high asset divorce.
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Partner at John F. Schutz, P.L.
Representing clients exclusively in family law cases for the past 24 years, Mr. Schutz is widely regarded as a marital and family law expert. He is Board Certified in marital and family law by The Florida Bar. As a Fellow of the American Academy of Matrimonial Lawyers (AAML), Mr. Schutz is committed to elevating the standards and improving the practice of family law.
Latest posts by John Schutz (see all)
- Is a Simplified Dissolution of Marriage a Viable Option? - October 29, 2019
- What are the Types of Alimony in Florida? - October 19, 2019
- Property Division In Florida - October 8, 2019
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