Questions to Ask When Hiring a High Net Worth Attorney
Going through a divorce can be one of the most trying times of a person’s life. Disputes about money, child custody, alimony, distribution of assets, and deciding who gets to keep the family home are difficult things to navigate. Things get even more complicated when one or both spouses earn a large income. That is why it is crucial you hire the right law firm to represent you.
Here are a few questions to help ensure you retain the right attorney for your needs.
How is a high net worth divorce different than a typical divorce?
High net worth divorces differ in that they present unique challenges. Divorce cases involving assets of substantial value (or difficult to value) can quickly complicate things and often lead to lengthier, more expensive divorces.
Our divorce attorneys have extensive legal experience representing clients in high asset divorce litigation and advising clients through resolving matters in divorce mediation. We aggressively advocate the interests of our clients, providing effective strategies tailored to achieve their specific goals.
How Are Property and Assets Divided in a Florida Divorce?
All divorces in the state of Florida, whether high net worth or not, follow the law of “equitable distribution.” This means that the court will sort out which property is marital and non-marital and then divide the marital property according to what is most fair for both spouses.
One of the most difficult issues in a divorce involving individuals of high net worth is that the couple often shares business assets, professional practices, investment accounts, multiple properties and other highly valued assets. High net worth Florida couples tend to own more property and assets than average couples, making this stage of divorce lengthier and more complex. This often requires working with seasoned experts.
What type of experts do you work with?
For high net worth individuals, it is extremely important that your legal team has relationships with trustworthy experts. Brodie Friedman’s Boca Raton divorce attorney team works with forensic experts, business accountants, and other experts that handle matters which frequently arise in high net worth divorce case, including:
- Deciding what to do with a family business
- Obtaining a comprehensive business valuation and appraisal
- Defining asset characterization
- Identifying if a qualified domestic relations order is necessary for the division of retirement assets
- Investigating suspicions of hidden assets and offshore accounts
- Addressing tax considerations in determining alimony and child support
For even more questions to ask when selecting a family law firm or attorney, read our blog “Top 4 Things to Ask a Florida Divorce Attorney”
If you have concerns or questions about hiring a high net worth attorney, the Legal Team of Brodie & Friedman P.A. is standing by to meet with you.
We Will Fight For What's Fair—And For What's Yours
The attorneys at Brodie & Friedman, P.A. in Boca Raton manage every facet of litigation and negotiation for high net worth divorces. In representing the entire West Palm Beach community, our legal team regularly works with top business owners and executives, high-earning doctors or athletes and other professionals with notable assets. We also work with the spouses of high-income earners who wish to secure a fair settlement of the marital estate.
Because such cases are always likely to go to court, there is rarely an option to petition for divorce without trial. Whenever alimony support, division of estate or marital property, and debt are on the table, it is best to dig in for a fight. It is wise to seek out counsel early and get a dynamic strategy in place.
With over 30 years of combined experience, Jason Brodie Esq. and Joshua Friedman Esq. will guide you toward realistic goals and provide committed advocacy toward achieving them. They are known throughout South Florida for dedicated client service, tenacity, and success in complex divorce litigation involving property division, child custody, and spousal support.
To get a better understanding of the qualities our reputation is built on, contact our office in Boca Raton to schedule your initial phone consultation (561) 392-5100