Asset Protection Strategies In High Net-Worth Divorces
If you are considering a divorce, now is the time to start planning and to take strategic steps to protect your assets.
At the law firm of Matthew Lane & Associates, P.A., we can help you carefully investigate and develop an asset protection strategy in your high net-worth divorce. With more than 30 years of experience, attorney Matthew Lane can provide you with insightful and knowledgeable advice and representation throughout your divorce.
Common Strategies Used To Protect Assets Before Divorce
Prior to filing for divorce, there are a number of strategies you can use to protect your assets, including:
- Keeping your nonmarital property separate: If you receive gifts or an inheritance, it is important to keep that property separate and avoid commingling these assets with your marital estate. That way, you can avoid having that property divided in your divorce.
- Drafting a prenuptial or postnuptial agreement: This is the most common strategy used prior to marriage or during a marriage. With this type of agreement, you can list the property that will be considered marital and what assets are nonmarital. This can help you protect the assets you bring into the marriage, which is particularly important if you have children from a prior marriage.
- Standard of living adjustments: Adjustments to the parties’ standard of living during the period of time preceding the filing of the Petition for Dissolution can markedly affect the amount of alimony that is awarded. Timing of the filing of the Petition for Dissolution can also significantly affect the size of the alimony award.
These are just a few of the solutions that may help protect your assets before a divorce. Every situation is unique, and it is important that you work with an attorney who can help you develop a strategy tailored to your needs and goals.
Attorney Matthew Lane is well-versed in the strategies clients can use in a divorce to protect their assets and interests. He authored an article for the Palm Beach County Medical Society on the top seven asset protection strategies for medical professionals. These same tactics apply to professionals in a wide range of industries, including corporate executives, business owners, attorneys and other professionals.
Contact A Palm Beach County High-Asset Divorce Lawyer
To arrange an initial consultation, call our firm at (561) 328-1111 or contact us online. We will promptly respond to your call. Our firm operates offices in Palm Beach Gardens, West Palm Beach and Wellington, Florida.