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ABCs and 123s of High Net Worth Divorce in Lake Mary, Florida and Orlando, Florida Area

In a High Net Worth Divorce, it is important to have a team working with your attorney. You will probably want to hire your own financial expert. They can help you if your spouse is requesting alimony. They can also discuss the tax ramifications of the divorce with you and which assets would be better for you to obtain. They can help you figure out the value of stock options.  If you own a business, you most likely want to hire a business valuator. 

Further, if the parties have trusts, then most likely your trust attorney will work with your divorce attorney. You most likely need appraisals on the real property you own. You may need appraisals of jewelry, art pieces, and any other valuable collectibles. You will need to have an attorney prepare a Qualified Domestic Relations (QDRO) if you have a pension that needs to be divided.

If you have children, then you may want to hire an expert to conduct a social investigation/custody evaluation. You may want to hire a Guardian Ad Litem (GAL).

If you have a High Net Worth Divorce, you may decide the Collaborative Process is the better way to proceed than litigation. You may feel that way because you may want to avail yourself of the confidentiality of the Collaborative Process. You may enjoy the privacy of the Collaborative  Process. In the Collaborative Process, your personal matters are not aired in court. You may like the idea that with the Collaborative Process, you can have your Team Meetings via Zoom. 

You may like that the Collaborative Process is less expensive than litigation. You may prefer to have one financial neutral who takes care of the financial issues of both parties instead of each of you needing to hire your own expert. You may like the idea of obtaining your own expert if you feel that the collaborative financial neutral is incorrect in his analysis, or that you need a more detailed business valuation.

This is all good to think about if you are facing a divorce with a high net worth.

If you have more questions regarding a Marital and Family Law matter, you may call Ann Marie Giordano Gilden at Ann Marie Giordano Gilden, P.A. at 407-732-7620 and set an initial consultation. You may also visit my website at: https://www.annmariegildenlaw.com

This article is for informational purposes only and does not form an attorney-client privilege.