High Net Worth Divorce FAQs
Everyone who is getting divorced has a lot at stake — whether that means child custody, being able to live in the family home or some other major life component, the end result could end up being dramatically different. Being able to get through a divorce in Florida with minimal disruptions to your life is not an unreasonable goal. With the accomplished divorce lawyers from Korshak & Associates in Orlando, you’ll be able to count on attorneys who have decades of experience helping people to reach their goals.
Asset division is especially important to those whose net worth is substantial. Feeling like you’re having to compromise or give up something important can have a major impact on your post-divorce life. Here are some high net worth divorce FAQs regarding some common issues:
The retirement accounts are all in my husband’s name, because I didn’t work. Am I entitled to any of it?
The short answer: yes. Under Florida law, marital assets are divided equitably. This includes something like a 401(k) account, IRAs or other pension accounts that might be in the name of the working spouse only. This ensures that both spouses are treated fairly — after all, those assets would be used to benefit both people had they stayed married, so the same should be true if they are divorced.
I’m worried my spouse is concealing assets somehow. Will those be accounted for?
Both parties in a divorce are required to divulge their financial picture, including assets that may not be known to the other party. Our firm works with forensic accountants to uncover hidden assets and make sure that you are treated fairly throughout your divorce.