The Importance of Hiring a Divorce Attorney for High-Available Divorces

Before filing for divorce, it’s a good idea to arm yourself with knowledge about the process, including what to expect. Fortunately, a Gainesville divorce attorney can help you understand the entire process, including the initial step of filing. There are other things to consider throughout the divorce process, including determining who gets custody of children and property. In this article, you’ll learn about the importance of retaining an attorney for high-asset divorces.

High-asset divorces require a knowledgeable family law attorney

When the parties agree to a divorce, it is critical to retain the services of a highly knowledgeable family law attorney. Unlike divorces involving lower-asset couples, high-asset divorces have unique considerations. For example, child support obligations in Tennessee can be inadequate if one parent earns significantly more than the other. Child support is essential in ensuring the child receives a similar standard of living as if the family unit remained together.

A high-asset divorce typically involves household incomes exceeding $300,000 annually, a large number of assets and property to divide, and either or both spouses being employed as professionals or executives. Separate estates, pensions, and other retirement funds are typically large amounts of money, and high-asset divorces require a qualified domestic relations order. As such, attorneys are essential in ensuring that clients protect their financial interests in these cases.

Choosing between marital and non-marital property

When determining the division of property during a divorce, choosing between marital and non-marital property is crucial. Florida laws do not require a spouse to share the same property, but there are some unique rules governing how such property is divided. Marital property includes everything the couple acquired during the marriage, from retirement accounts to classic cars. A divorce attorney in Gainesville FL can help you sort through the rules to determine the equitable division of assets and property.

Whether you’re filing for a contested or uncontested divorce, you’ll need to know what each type of property is worth. While the division of property is important, making an informed decision will ensure that you get the fair share. The law office’s attorneys can help you choose between marital and non-marital property. And if you have children together, you’ll need an attorney who understands the emotional burdens associated with each asset.

Equitable distribution of assets

Equitable distribution of assets after divorce involves the division of marital assets equitably among both parties. Although the terms do not necessarily mean equal division, the division of assets and debts is typically fair. The equitable distribution process takes into account factors such as the spouses’ needs and the length of their marriage. It also considers factors such as future employability, earning power, and spending and saving habits. It can be challenging to come up with a fair and equitable division, but it is possible to do it.

To begin, it is important to understand how the process works. In many cases, equitable distribution is based on the parties’ respective financial situations after the divorce and the factors that caused the marriage. For example, if one spouse was the primary breadwinner, she would receive a larger percentage of the household income than the other spouse. Another factor to consider is whether the spouse earned an income during the marriage, such as a business, or did not earn anything at all.

Getting a divorce in Florida without an attorney

If you have moved to Florida, but do not want to hire an attorney, you can get a divorce in the state without a lawyer. Florida divorce law requires that one spouse has lived in the state for six months before filing for divorce. Otherwise, the divorce cannot be finalized. In addition, the husband cannot be ordered to pay alimony or distribute marital assets. Additionally, filing for a divorce while living out of state waives the right to contest jurisdiction.

If you want a divorce without an attorney in Florida, you can do it yourself, as long as the other party is aware that the marriage is over. The clerk’s office can assist you with completing the forms without an attorney, although they cannot provide legal advice. For a fee, they can also notarize the documents. Before filing, make sure you have all of the necessary documentation ready and can attend the final hearing.

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