The splitting of high-value assets can be a source of contention for divorcing couples. The O’Mara Law Group offers top-tier legal support and counsel for those involved in a high-asset divorce. We work for a fair and equitable property division. Protect your rights and financial future with the help of our skilled Orlando high-asset divorce attorneys.
Complex Divorce Cases in Orlando: O’Mara Law Group
Divorces can bring tremendous life changes, from resolving child custody to dividing assets. Splitting substantial assets can be overwhelming and stressful for both spouses. The fear of losing a lifetime of hard work is a common concern. Fortunately, an Orlando high-asset divorce attorney can help protect your rights and assets. At the O’Mara Law Group, we understand the complexities and challenges of these divorces. Our legal team will provide the guidance you need to navigate a complex process. If you require the services of a knowledgeable and experienced team for your high-asset divorce, contact us.
Experienced Orlando High-Asset Divorce Lawyers
Having experienced legal representation is essential in high-asset divorce cases. If you need assistance from an Orlando divorce lawyer, contact the O’Mara Law Group. Our team of skilled family law attorneys is highly qualified and widely recognized for their exceptional knowledge and achievements.
- Mark M. O’Mara has been respected in the Central Florida legal community since 1982. He began his career as a Seminole County State Attorney’s office prosecutor before establishing a private practice. Mark is board-certified in marital and family law, one of very few in Florida. He is peer-review rated as a distinguished Martindale-Hubbell AV Preeminent rating.
- Mark Rabinowitz, a Board Certified Marital and Family Law expert since 1999, brings much experience to his practice, focusing on intricate family law matters such as alimony, child custody, and high net-worth agreements. He has led the Eighteenth Judicial Circuit’s Grievance Committee, contributed to The Florida Bar’s Marital and Family Law Certification Committee, and maintains memberships with both the Orange County Bar Association and the American Bar Association.
Complex Family Litigation
While collaborative and cooperative divorce options work for many, some family law cases involve issues that are too complex, contentious, or high-stakes to resolve outside of court. Complex family litigation may be necessary when spouses face substantial disputes over asset division, high net worth estates, complicated financial situations, business ownership, or child custody matters involving special needs or parental relocation. These cases require meticulous preparation, sophisticated strategies, and an in-depth understanding of Florida family law to ensure fair and favorable outcomes.
Division of Assets in a High-Net-Worth Divorce
Dividing marital assets is challenging and far more complex in a high-net-worth divorce. Usually, these couples have substantially valued properties and assets that must be split. Some of these high-value assets include:
- Real estate, including vacation homes and rental properties
- Valuable statues, art pieces, collectibles, vintage keepsakes, and premium wine collections
- Antique automobiles, sports cars, and luxury vehicles
- Stocks, mutual funds, and bonds
- Retirement funds, such as pensions and 401(k) plans
- High-end furniture, designer accessories, and luxury jewelry
- Valuable works of art
Is Florida a 50/50 state? The current laws dictate a fair asset allocation process through equitable distribution. Both spouses’ assets and debts become shared property after marriage.
While the rule applies in most cases, the courts may exempt property in certain situations. For example, if one spouse received an inheritance or the other had assets before the marriage, those properties may be deemed nonmarital. Florida courts may determine they are separate property if the assets are not blended or mixed with the marital properties.
Keep in mind that equitable does not always mean equal. Courts weigh numerous factors in determining which spouse can keep these valuables, such as:
- Marriage contributions: The court assesses the contributions made by both spouses to the marriage. These contributions may not always be monetary and can include supporting each other’s professional goals or caring for the children. A women’s divorce lawyer may be able to determine what other factors are considered a contribution to the union.
- Marriage duration: Courts consider the duration of a marriage. If a couple has been married for a significant period, they can anticipate a more equitable division of their assets.
- Economic circumstances: Florida courts also consider the financial situation of each spouse, including their earning capacity, current income, and future financial requirements.
- Intentional dissipation of assets: If one spouse intentionally wastes marital assets, it may affect their rights.
- Marital liabilities: Debts and liabilities accumulated during the marriage can also be subject to equitable distribution.
While the court wants to achieve fairness, each situation is unique. The property division process will depend on the specific circumstances of the couple and their assets.
Benefits of a Collaborative Divorce
Divorce can be complex for business owners, particularly when both spouses have contributed to building the company. Dividing assets such as a family business or professional practice can profoundly affect both parties’ financial health in the divorce. Before any division takes place, the courts will mandate a thorough evaluation of the business’s value. Verifying the company’s value on the market entails analyzing its financial records, assets, liabilities, and potential future earnings.
The spouses’ participation must also be taken into account when allocating assets. If one partner was actively involved in the business while the other was not, they may have a stronger legal claim. Sometimes, one partner gives the other money in exchange for their share of the company through a buyout agreement.
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Navigating Prenuptial and Postnuptial Agreements
Even though dividing assets is unavoidable in a divorce, ensuring you have a plan in place in the event of a marriage breakdown is beneficial. A prenuptial agreement protects both spouses. These agreements lay out precise rules for dividing assets to reduce disagreements that might result in legal action. As long as both parties voluntarily enter these agreements, the courts will typically uphold them.
Prenuptial and postnuptial agreements are contracts. However, a postnuptial agreement is created after the marriage, specifying how assets will be divided should a divorce occur. They can resolve some issues. However, if they are found invalid, they can lead to legal complications. These contracts must be drafted with top-level legal assistance to help avoid the risk of a successful legal challenge.
Child Support and Custody in a High-Asset Divorce
Child support and custody issues may arise in high-asset divorce cases. Most of the time, the courts decide what is best for the child. Typically, the court will determine custody and support based on the child’s current needs. This support allows the child to maintain their current standard of living. As a result, the court may require a sizable support payment from the noncustodial parent.
What Our Clients Say
Compassionate Assistance
The Mark O’Mara Law Firm was a wonderful place and outstanding. Mark was very helpful and always made time for me, answering all my questions. But my hero was Susan Staggs, who prepared all of my paperwork. She is a real magician who takes it seriously.
Exceptional Service
Mark O'Mara and his office provided excellent service, demonstrating professionalism and personal attention to all my details of my cases. He is one of the best in his field as a criminal and family attorney. He is honest, direct, and he always does his best for his client.
Support in Family Law
Mr. O’Mara and his entire staff, especially Alyssa, were absolutely impressive with everything. Very efficient and punctual; their understanding of every little detail was way beyond expectations. Honestly, this law group has made a major difference in my life.
Expert Guidance in Family Law
I can't thank Mr. Thompson and his team enough for their outstanding support. From the very first meeting, Sarah was incredibly knowledgeable and attentive. They handled every aspect of my case with such professionalism and care. This legal team truly changed my life.
Dedicated to Fighting Your Cause
Knowing Mark O’Mara as an attorney who has represented me for the past 23 years and has also been a friend… I can say that Mark is not only dedicated to fighting your cause, but his team shares that same dedication. When you call his office the girls at the front desk always strive to assist you. As for the rest of his team they are committed to winning the best...
Nothing Short of Amazing
Mr O’Mara and the entire staff were nothing short of amazing. Mr. O’Mara knew exactly what we needed to do and has even offered additional advice for any future risks. This was all new for me and they walked me through everything step by step and were very patient and most of all responsive and caring. THANK YOU!!!
They Are Top Notch!!!!
I cannot express the gratitude I have for Mark O’Mara, Susan and their firm. I had a very difficult custody situation and they guided me towards the best decisions and fought for me. I highly recommend O’Mara Law Group. They are top notch!!!!
Such a Professional and Personable Firm.
Such a professional and personable firm. Everyone treated me with respect throughout my entire process. I absolutely dread ever needing the services of an attorney again but I would certainly go straight back to Mark. Susan was awesome and she totally got me from day one. I can’t begin to say how helpful that was for me. Thank you to the entire team!!
I Am Truly Proud
By far, the best person, if you ever need an attorney and someone who will always be there for you. I am truly proud to have Mark as my attorney, advisor and friend. Thanks Mark and Alyssa. Michael Hoffman, Attorney at Law and C.P.A.
Way Beyond Expectations
Mr. O’Mara and his entire staff especially Alyssa were absolutely impressive with everything. Very efficient and punctual and the overall understanding of every little detail was way beyond expectations. Honestly this law group has made a major difference in my life and helped me through many obstacles associated with owning multiple businesses and continue to do so in...
They Were Ready to Fight the Fight
When I went in for my consultation with Mark and Caitlin, I was in a state of total devastation. They lifted the burden and took away the stress of my situation by making me feel completely taken care of. They were ready to fight the fight I didn’t have the emotional strength to do so on my own. I have and will continue to recommend their law group to anyone needing le...
Mark Omara was GREAT
Mark has represented me and I hate to say 2 family members of mine, all 3 times mark has delivered success. He has to be the best lawyer I have ever dealt with, he is caring of the situation and of your fears in facing legal matters , he made us feel comfortable , safe and protected. Surprisingly he never made me feel down on myself for stupid things I created that lead to h...
Spousal Support
Another factor to consider in these situations is spousal support. Both spouses may see their income decline due to the marriage’s breakdown. This support generally provides financial assistance to the receiving spouses until they can support themselves. The length of the marriage and income disparities are two factors the courts consider when deciding how much spousal support to award. Recently, Florida enacted a new law ending permanent spousal support payments. Our Orlando alimony lawyer will help you understand whether these changes could affect your financial support.
Rely on the O’Mara Law Group To Secure Your Financial Future
While all divorces have challenges, high-asset cases are challenging for both parties. When it comes time to distribute marital assets, you will want to have a knowledgeable and experienced legal team. Otherwise, you may lose your claim to valuable properties and assets.
At the O’Mara Law Group, our team is committed to defending your interests, protecting your financial future, and guiding you through every step of the divorce process. Please schedule a consultation with our Orlando high-asset divorce lawyer today.