Expert Representation in High Net Worth Asset Division
At Gladstone & Weissman, P.A., we are not only zealous advocates of our clients' interests in matters involving the division of marital property and debt, but we are also committed to serving each client with the expertise, integrity, respect and personal attention he or she deserves.
With more than 40 combined years of experience, our lawyers are skilled in handling equitable distribution and high-asset divorces. Our law firm has discreetly represented Fortune 500 business owners, politicians, celebrities, professional athletes and other high-profile clients throughout Florida.
Our firm frequently utilizes professional appraisers and forensic accountants to properly value marital property. We then work with each client to tailor an innovative and equitable proposal or to properly assess the other party's proposal.
Equitable Distribution, Including Inheritance and Marital Property Division
Often, complex divorces are further strained by concerns regarding the division of marital property and debt. For clients with highly valuable property and significant individual and marital investments, the process can be even more complicated and involve many different concerns, such as:
- Investment assets
- Family-owned businesses
- Professional practice interests
- Multi-million dollar homes and real estate
- IRS tax debt and credit card debt
Florida is an equitable distribution state, so marital assets are divided fairly, but not necessarily 50/50. Primary issues include:
Identifying and defining separate "nonmarital" property: Any assets brought into a marriage, received as a gift or inheritance, or through personal injury awards (for paid and suffering) are considered separate property unless they were commingled with marital assets. This separate, nonmarital property is not subject to equitable distribution.
Asset and debt evaluation: When all assets, property and debts are clearly identified, the hard work begins with the negotiation of an equitable division. Who gets the primary residence? Who assumes the credit card debt? How do the retirement funds get divided? Typically, all assets accumulated during the marriage not otherwise identified as nonmarital are considered marital property.
Gladstone & Weissman is here to protect our clients' marital rights and help them pursue an equitable distribution of all assets and debts. To learn more about marital asset protection or to schedule an initial, confidential consultation, contact our attorneys by filling out the online contact form.