In an ideal divorce situation, both parties can reach an amicable arrangement. Child custody and child support agreements, alimony, property distribution, and other aspects of divorce are handled efficiently. There are no big issues or disagreements, and the procedure is easy and efficient, with a speedy conclusion.
Regrettably, these sorts of model divorce processes do not usually occur. They aren’t normal. When high valued assets are involved, the stakes are even higher since resolving a divorce fairly and equitably may be a lengthy and generally painful process. Because of the various variables and complicated issues involved in certain divorces, they are referred to as complex divorce cases.
At Serrano, Farah Law, LP our Complex Divorce Lawyers in Florida are here to help you with every aspect of your divorce so you can look forward to new possibilities ahead.
Complex Divorce
A complex divorce can be a stressful process if you move ahead without the help of an expert divorce attorney. There may have been a large number of complex issues to overcome. Sometimes finding a solution is like hunting for a goat in a desert; the more difficult the situation, the more certain you must be that an expert complex divorce attorney will handle every aspect with total confidence.
High-value assets or assets in dispute are commonly encountered in a complex divorce. In-state and out-of-state real estate, as well as jointly or family-owned companies, are examples of high potential disputed assets that must be evaluated and divided after a divorce. Sometimes, business valuation is a difficult process that necessitates the hiring of professionals.
Assets involved in a Complex Divorce
Retirement funds (401(k) accounts, savings plans, and pensions), bank accounts (checking accounts, savings accounts), deferred compensation, and executive bonuses are among assets that can cause complex problems.
Other assets that may cause complications include trust assets, investments, stocks and bonds, and royalties. When assessing and transferring high-value assets, pre-or post-tax accounts, investments, and off-shore accounts, for example, tax difficulties might develop. It is critical to work with an attorney who is familiar with handling complex divorce issues.
Florida is an equitable distribution state, which implies that a couple’s marital assets and obligations will be split fairly and equitably by the court, which does not always imply an equal division. Rather, the court will consider a variety of criteria in determining how the property should be split, including each party’s contribution to the assets, their financial conditions, and the period of the marriage.
Things get further complex when one spouse is behaving badly. Asset dissipation, asset concealment, and debt concealment are all examples of bad conduct. In such situations, a comprehensive investigation, maybe with the assistance of an independent investigator or an accountant, may be required to expose a spouse’s wrongdoing. Attempting to stop a spouse’s inappropriate behavior usually necessitates the involvement of a court.
Other issues arising in a Complex Divorce
Financial difficulties aren’t the only ones that cause a complex divorce. In certain situations, child custody and visitation are controversial and genuine questions about what is best for the children emerge. To settle such complicated disagreements, mental health experts such as psychiatrists, psychologists, and social workers may be required.
Always hire a Complex Divorce Attorney
Divorce is permanent and can have long-term ramifications. You must hire a complex divorce attorney who is familiar with complex financial and other marital issues and knows how to settle them quickly. If you’re looking for a complex divorce attorney in Florida, you can always discuss your case with a divorce attorney at Serrano, Farah Law, LP.
