Dividing property is one of the more complicated components of a divorce. Over the course of a marriage, a couple will acquire various assets, from property to cars. However, property division can become more complex when there are a high number of assets involved. When a couple is in this unique situation, they will have a more extensive division process.
Autumn Beck Blackledge PLLC is experienced with high asset divorces and can help you navigate the complexities of property division.
Property Division In Florida
First, it is important to understand the rules regarding property division in Florida. The law states that property division must be equitable and fair between spouses. The property that is divided is known as marital property or any assets that the couple acquired during the marriage. While this may result in a 50/50 split of assets, this may not always be the case. Sometimes a 50/50 split is deemed unfair depending on different factors, such as the economic standing of each spouse.
More Assets = More Complicated
While property division may sound simple in writing, it can become complex quickly. In a high asset divorce, it is more challenging to evaluate all of the couple’s assets. For example, each spouse may bring their own separate assets in addition to the shared property from marriage.
To reach a fair and equitable agreement, each spouse will have to be honest in evaluating their assets. This is not as easy as it sounds, as some individuals will attempt to hide assets from their spouse. If you choose not to tell the courts about all of your property or assets, you can face legal penalties.
Having Legal Guidance Is Key
If you are going through a high asset divorce, it is critical to have a legal representative in your corner. With the number of assets to consider, a lawyer can assist in making sure all of them are properly evaluated. Autumn Beck Blackledge PLLC is knowledgeable with the complexities of high asset divorces and the property division process.
Contact our office today at (850) 404-7263 to schedule a consultation with one of our experienced divorce attorneys!