What Constitutes High-Income Divorce?

In the Western world, including the United States, marriage is a common part of life, with statistics estimating that more than 90 percent of individuals will marry before reaching age 50.

Though many marriages may appear built to last, the sad reality is that divorce is also a common experience across Western cultures, especially here in the United States. In fact, recent figures estimate the current divorce rate in the U.S. is hovering between 40 and 50 percent.

And that is just considering first time marriages; the divorce rate for those who remarry is even higher – approximately 67 percent for second marriages and nearly 74 percent for third marriages.

Divorce can be characterized in many ways, such as collaborative divorce or contested divorce. However, divorce can also be characterized by net worth or income, as is the case in high-income divorce.

High-Income Divorce in Florida

High-income, or high-net worth, divorce is both very similar and very different from traditional divorce cases. These cases can be clear-cut and straightforward, or involve many complicated levels. Regardless, any high-income divorce situation will require the assistance of a qualified divorce attorney, who specializes in both the state laws governing your divorce, as well as certain areas of business and accounting.

A high-income divorce may involve any number of scenarios, especially if the divorcing couple is dealing with a number of valuable assets or related holdings. As a result, it is important to understand what kinds of situations would classify as high net worth divorce.

Such scenarios might include:

  • One or more business bodies, including those related to partnerships, limited partnerships, sole proprietorships, corporations, trusts, real estate investment trusts and limited liability companies
  • Businesses that are family-owned, regardless of the presence of another partner
  • Rental or other real estate properties
  • Financial statements that detail wealth or assets of far greater value than those originally disclosed in the divorce
  • Any assets that are considered difficult to grasp, or that suddenly, perhaps mysteriously, disappear or depreciate in value during the divorce process

Once all income is declared, both spouses can rest assured that all the important and relevant information has been presented, allowing negotiations to take place on equal ground.

High-Income Divorce Attorneys in Florida

If you or someone you know has a significant net worth and are involved in the divorce process, or if you are experiencing a dispute in your high asset divorce, it is critical that you contact a skilled family attorney as soon as possible.

For those residing in and around Tampa, Florida, the dedicated professionals at Anton Legal Group specialize in handling a wide variety of family law issues, including those tied to divorce and high-income divorce. Our legal team has a great deal of experience in handling these types of divorce proceedings, and our firm’s founder, David Anton, has a strong background in accounting, economics and business. As a result, our attorneys are equipped with all the necessary tools and expertise necessary to help you build a case that yields the results you both want and need.

Our team can work with you to help ensure that your individual rights and liberties are protected under law. To schedule an initial consultation to assess your high-income divorce case, call Anton Legal Group today at (813) 443-5249.