Fort Walton Beach High Net Worth Divorce Attorney

The Virga Law Firm, P.A. Can Help You Protect Your Assets in Divorce

One of the most contested issues in divorce cases is the matter of property and asset division. If you and your spouse have assets of significant value, it is important to hire a Fort Walton Beach high asset divorce attorney to represent your rights in court.

Whether you have considerable financial assets, retirement plans, real estate, or shared businesses, we can help. Our top priority is to ensure you and your spouse are able to come up with a fair division of shared property and assets.

Call us at 800-822-5170 to learn how we can protect your best interests.

How We Can Help with Your High-Asset Divorce

At The Virga Law Firm, P.A., we have more than 100 years of combined experience focused exclusively on family law. We believe that it is very important to establish a viable solution for protecting your assets in these types of cases. If you are concerned that your spouse may be trying to take more than what is fair in your divorce, you can rely on us to help keep that from happening.

Whether your case is handled in mediation or we must go to divorce litigation, we have the resources and qualifications needed to handle the complexities of high-asset cases. Divorce is difficult enough without having to worry about your hard-earned assets and property being taken away from you.

What is a High Net-Worth Divorce?

Also known as a high-asset divorce, a high net-worth divorce refers to the dissolution of marriage involving spouses with substantial financial assets and resources. These divorces typically involve complex financial considerations, substantial assets, and intricate legal processes.

Common types of assets involved in high net-worth divorces include:

• Real Estate: Luxury homes, vacation properties, and real estate investments.
• Business Interests: Ownership or shares in businesses, partnerships, or professional practices.
• Investment Portfolios: Stocks, bonds, mutual funds, and other investment instruments.
• Retirement Accounts: High-value retirement savings, including 401(k)s, IRAs, and pensions.
• Bank Accounts: Multiple bank accounts, both personal and joint, with substantial balances.
• Valuables and Collectibles: Art, antiques, jewelry, and other valuable collectibles.
• Vehicles: High-end cars, yachts, planes, and other luxury vehicles.
• Intellectual Property: Patents, trademarks, copyrights, and other intellectual property assets.
• Executive Compensation: Stock options, bonuses, and deferred compensation tied to executive positions.
• Debts and Liabilities: Consideration of debts and liabilities accumulated during the marriage.

High net-worth divorces can be more challenging than regular divorces due to the complexity of the financial portfolios involved.

Common Issues of a High-Asset Divorce

These divorces typically involve complex financial considerations due to the significant wealth and assets owned by one or both parties.

Here are common types of issues that may arise in high net-worth divorces:

• Asset Division: High net-worth divorces often involve the equitable distribution of assets such as real estate, investments, business interests, valuable collections, and high-end personal property.
• Business Valuation: If one or both spouses own businesses, determining the value of those businesses becomes a critical issue. This may involve hiring financial experts to assess the business's worth.
• Spousal Support/Alimony: Determining the amount and duration of spousal support can be more complex when substantial assets are involved. Factors such as lifestyle, income, and financial needs play a crucial role.
• Tax Implications: The tax consequences of asset division and support payments need to be considered. This includes capital gains taxes, tax implications of selling assets, and potential tax deductions.
• Hidden Assets: In high net-worth divorces, there is a risk of one spouse attempting to hide assets to avoid their inclusion in the division. Uncovering hidden assets may require forensic accounting.
• Prenuptial and Postnuptial Agreements: The existence and validity of prenuptial or postnuptial agreements may impact the division of assets and financial responsibilities.
• Real Estate Holdings: Deciding what to do with multiple properties, vacation homes, and other real estate holdings can be a complex process.
• Retirement Accounts: Splitting retirement accounts, pensions, and other long-term financial assets may require special considerations and legal processes.
• Custody and Child Support: While not exclusive to high net-worth divorces, issues related to child custody and support can become more complex when significant financial resources are involved.
• Lifestyle Maintenance: Maintaining the lifestyle to which the spouses have become accustomed can be a factor in determining support and asset distribution.

Given the complexity of these issues, high net-worth divorces often require the expertise of legal and financial professionals, including divorce attorneys, forensic accountants, and financial advisors, to ensure a fair and equitable resolution.

Request a Case Evaluation Today!

In navigating the intricate landscape of a high net-worth divorce, having the expertise and guidance of seasoned professionals is paramount. At The Virga Law Firm, P.A., we understand the complexities involved in such cases and are committed to providing comprehensive legal support.

Our team of skilled attorneys leverages their extensive experience in family law to advocate for our clients' best interests. From valuing complex assets to negotiating equitable settlements, we stand by our clients every step of the way. With a focus on achieving fair and favorable outcomes, we pride ourselves on delivering personalized, strategic solutions tailored to the unique challenges of high net-worth divorces.

Our firm is known for our personalized attention and our 24/7 availability. We have even been given a 10.0 "Superb" rating by Avvo, Inc. If you are interested in scheduling an appointment to speak with a skilled divorce lawyer, contact us today.