There is extra preparation needed to prepare for a high net worth divorce in the Orlando, Florida area.
First, look into whether assets have been placed in a trust. If assets are in certain trusts, such as a SLATS trust, they may be outside the marital estate. The attorney must have the trust listed as a party of the divorce, and the trustee must be served with the dissolution paperwork. Further, you will need to bring a trust attorney into the divorce realm as part of your team to assist your divorce attorney in preparing your case for Mediation and Trial. The trust attorney can guide you on how to deal with the trust during the high net worth divorce.
You will need to determine what kind of trust you have in place. You will need to determine if the trust is revocable or irrevocable. Depending on your position in the case, you may want to try to modify or revoke the current trust. The trust attorney can advise you on all this. The attorneys need to coordinate with the other experts and strategize how best to obtain the results you wish to obtain.
You will need to have your financial adviser, your CPA, and a financial expert involved in the process. They will also be part of your divorce team. You may need a forensic accountant too. They may assist you in tracing assets if there is dissipation of marital assets. These experts will need to help you determine all the assets and liabilities of the parties. They will need to determine if there are nonmarital assets or debts.
You will need appraisers to appraise your real property. You will need a business valuator to value any business owned by either the husband or the wife. You may also need appraisers for jewelry, cars, boats, art, etc. depending on the assets you own.
If you have children, you may need a Guardian Ad Litem or custody evaluator, if you are fighting over custody.
You will need to determine if you want your dissolution of marriage case done collaboratively or if you want to litigate.
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 arrange 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.