Skip to main content

Exit WCAG Theme

Switch to Non-ADA Website

Accessibility Options

Select Text Sizes

Select Text Color

Website Accessibility Information Close Options
Close Menu
The Lasky Law Firm Motto
AREA CODE 904 CHANGES EFFECTVE JANUARY 29, 2024
Effective January 29, 2024, all persons who have or call a cell phone or telephone number, (including our office number), in area code 904, must dial all ten digits when placing a call, i.e., the area code plus the number, including calls within the same area code. We recommend everyone begin the new dialing practice now to ensure success when calling the office. Thank you.

Tips for Preparing for a High-Asset/Complex Property Divorce

DivorceHeartMoney

All divorces are potentially complex and difficult; however, high-asset/complex property divorces are more difficult than average divorces. A high-asset/complex property divorce is self-explanatory. If you and your spouse are about to get a divorce, and you believe yours is a high-asset/complex property case, it is vital that you take time to prepare adequately. Below, we share some tips for preparing for a high-asset or complex property division divorce.

Prepare Financial Information

Preparing all your financial information is a crucial part of preparing for this type of divorce. Preparing financial information entails gathering all documents associated with your assets as well as liabilities. Regardless of whether you plan to resolve divorce-related matters outside of court or in court, it is important that you prepare all your financial information. Gather, among others, tax records and returns, investment account statements, bank statements, life insurance statements, property mortgage information, 401K statements, savings accounts, and credit card and loan statements, just to name a few. Your counsel will give you more guidance on what will need to be gathered and provided.

When preparing financial information, you need to take your time.  You cannot omit any information, and thus, if you need to rely on your financial advisor, that is highly recommended.

Hire a Financial Expert

Spouses with significant marital assets/property may not equally be aware of the extent of their assets or the details of their or the other spouse’s financial situation.  Your attorney may recommend hiring a financial expert who can work in a forensic capacity, i.e., evaluate financial information and then prepare reports and testify in court. Hiring a financial expert such as a forensic accountant is very common.

Get Your Business and Home Evaluated

You need to know the current value of all your assets, including your real property, business and corporate assets, jewelry and collectables, etc., and thus, your attorney may recommend an appraisal of the foregoing. This is something you need to coordinate with your counsel because the timing is everything.  For example, if an appraisal is done too soon, then it could be stale by the time of trial and have to be done twice. This can get expensive, so be prepared for this step, but follow the direction of your counsel.

Hire a Skilled Attorney

You are under no legal obligation to hire an attorney to represent you during your high-asset divorce; however, it is advisable that you retain an attorney. Hire an attorney with experience handling high-asset/complex property divorces. Such an attorney can help ensure you have accounted for all your assets and liabilities, as well as a complete understanding of your overall financial circumstance.

Document Any Suspicions of Hidden Assets

Trying to hide assets is common in high-asset divorces. If you believe your spouse is hiding assets, you need to document your suspicions and report your concerns to your divorce attorney as soon as possible. Your attorney can help locate hidden assets (if there are any).  You may discuss subpoenas, depositions or other options to uncover any potentially hidden assets.

Things To Consider in a High-Asset Divorce

Because of the complexities of high-asset divorces, it is crucial to consider, among other things, the following;

  • High-asset divorce cases usually take longer than average divorces
  • High-asset divorces often cost more than the average divorce
  • High-asset divorces have tax implications

Contact a Jacksonville Divorce Lawyer Today

If you are about to get a high-asset divorce, contact our Jacksonville divorce lawyers at The Lasky Law Firm to get professional legal representation.

Facebook Twitter LinkedIn

We Offer Affordable Consultation Rates And Flexible Appointments. Call 904-399-1644 Or Email Us Today To Schedule Your Consultation.

By submitting this form I acknowledge that form submissions via this website do not create an attorney-client relationship, and any information I send is not protected by attorney-client privilege.

Skip footer and go back to main navigation