Orlando High-Asset Divorce Lawyer
The splitting of high-value assets can be a source of great contention for many couples going through a divorce. The O’Mara Law Group offers exceptional support and experienced legal representation for those involved in divorce proceedings. We will work toward an equitable distribution of your valuable assets. Protect your rights and secure your financial future with the services of a skilled Orlando high-asset divorce lawyer.
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 you with the guidance you need to navigate this difficult 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 prosecutor in the Seminole County State Attorney’s office before becoming a dedicated defense attorney. Mark is board certified in criminal trial law and marital and family law and has a distinguished Martindale-Hubbell A.V. Preeminent rating.
Mark Rabinowitz, a Board Certified expert in Marital and Family Law since 1999, brings a wealth of 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.
Division of Assets in a High-Net-Worth Divorce
Distributing assets can be challenging in any situation, but it’s especially difficult in a high-net-worth divorce case. 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
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 once they are married.
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. As long as the assets were not commingled or mixed with the marital properties, Florida courts may determine them to be separate property.
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 take into account 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 take into account 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 difficult for business owners, especially if both partners have worked to grow the company throughout the marriage. The spouses may be significantly impacted by the division of these assets, such as a family business or professional practice.
Before any division takes place, the courts will mandate a thorough evaluation of the business’s value. Verifying the company’s actual worth 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.
Navigating Prenuptial and Postnuptial Agreements
Even though dividing these assets may be unavoidable in a divorce, having a plan in place could be 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 types of contracts. However, a postnuptial agreement is created after the marriage ceremony and specifies how assets will be divided in the event of a divorce. They can resolve some issues. However, if they are found invalid, they can lead to legal complications.
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.
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 difficult for both parties. When it comes time to distribute assets, you will want to have a knowledgeable and experienced legal team on your side. 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. Schedule a consultation with our Orlando high-asset divorce lawyer today.
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What Our Clients Say
“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!!"
Susan Dolan5-star Google Review
“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."
Michael Hoffman5-star Google Review
“O’Mara Law Group I would highly recommend Mark O’Mara to anyone seeking legal representation and will keep your best interest at the forefront. Should a situation arise, I would not hesitate to obtain representation from the O’Mara Law Group."
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