How is the financial settlement calculated in a Florida high asset divorce?

The financial settlement in a Florida high asset divorce is calculated based on the division of marital property through equitable distribution, the allocation of debt, the alimony established on the financial needs of the receiving spouse, and the child support calculations.

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A high net worth divorce settlement agreement represents a legal document containing the terms of the divorce. Four significant issues need to be negotiated and resolved in a high asset divorce settlement:

  • division of marital assets and debts
  • spousal support
  • child custody and parenting time
  • child support

When a prenuptial agreement is in place, certain assets will be excluded from being deemed marital property.

Each of these points of interest needs to be fully addressed in a high net worth divorce settlement calculation so that there is a clear understanding of what each spouse will receive and need to pay once the marriage is dissolved.

It is always advisable to work toward a divorce settlement that you can be in control of, but some cases will require a trial to establish what is fair for both parties involved. A skilled attorney can counsel you on when you need to settle versus to keep on fighting for your financial future.

Reach out to an experienced attorney about calculating your high asset divorce settlement

Only a knowledgeable lawyer can walk you through the various financial considerations that go into how a high asset divorce settlement is calculated and aid you in achieving a fair outcome in your case. When negotiating a divorce settlement agreement, you need to make sure all the financial information is appropriately gathered.

The Florida courts will consider several factors when determining a high asset divorce settlement:

  • the length of the marriage
  • the spouses’ respective incomes
  • other financial resources and obligations
  • the spouses’ separate property

For example, if your income is similar to that of your spouse, the marital assets and debts could be split more or less equally. But if you earn significantly less than your partner, you might pay less of the debt and be entitled to alimony. Florida courts will look into various factors to see whether alimony should be awarded, including:

  • the financial needs of the spouses
  • the employment status and future earning capacity of the receiving spouse
  • any mental or physical issues preventing a spouse from being employed

When children are involved, special provisions will be in place for custody and visitation rights. Based on Florida’s child support guidelines, the main factors determining the amount of support required constitute of:

  • the combined monthly incomes of both parents
  • the number of children in the family
  • how many overnight stays each parent has with the children
  • medical, dental, daycare, and educational expenses
  • other out-of-pocket expenses for the children

Do not hesitate to schedule a confidential and free-of-charge consultation with The Law Offices of Sean M. Cleary. We aim to ensure that your best interests are protected in a contested divorce, especially when high assets are involved. Our experienced Miami high net worth divorce lawyer utilizes sound financial principles when assisting clients in complex high net worth settlement scenarios involving spousal support and different types of marital assets.

Disclaimer: Please note that the information provided on this site is not formal legal advice, also the site does not allow you to form an attorney-client relationship.