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Property division among high-net worth couples in Florida

Couples with well-padded bank accounts often have added headaches when going through divorces. High-net worth couples in Florida often have much wealth wrapped up in commodities like stocks. Complications can arise in divorce cases when it comes to the valuation of those commodities. Not only can the process be involved, but those assets can be difficult to quantify.

If a prenuptial or postnuptial agreement exists, these sorts of particulars can be ironed out leaving less headache if a divorce should be looming. In any case, Florida is not a community property state, but follows what is known as equitable distribution in which marital property is fairly divided between the spouses. What that means is that assets are divided considering a number of factors, one of which includes how much each spouse contributed to the overall wealth.

In equitable distribution states, it's important that a couple tries to work out the dynamics of a divorce settlement on their own or with the help of mediation since they'll be headed to court if they don't. The control will be given to a family court judge. He or she will consider a myriad of factors in making a decision, including how long the couple was married. 

High-net worth couples have a lot on the line when divorcing. The laws are the same for them as any other couple, but can seem overwhelming when considering the issues that may affect the process in these cases. It is likely the best move is to consult an experienced Florida divorce attorney who can clarify any erroneous areas when it comes to the law and divorce of the wealthy.

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