It is important to have a Florida divorce attorney who understands the ins and outs of a high-net worth divorce. It is easy to divide by two. However, if you have a high-net worth divorce, your divorce attorney needs to understand the tax implications involved with your assets. Tampa divorce attorneys, Brian Arrighi and Laurel Ackley, not only use their knowledge of strategic equitable distribution schemes, but they also employ a team of tax professionals and financial planners to help determine a plan that benefits both you and your family.
If you have a high-net worth and will be going through a Florida divorce, the tax issues can become substantial. Real property, investment property, both residential and commercial, have substantial costs to sell them which need to be factored into your equitable distribution scheme. For example, if the Wife receives the marital home that has a net value of $400,000 and the Husband receives the 401(k) valued at $400,000 – is this equal? Surprisingly, many Tampa divorce lawyers are unaware of the tax implications involved with divorce. Pensions, annuities, life insurance policies, 401(k) accounts, brokerage accounts, stocks, bonds, certificates of deposits, etc., all have different tax implications for each spouse. A divorce attorney must have extensive knowledge in this area in order to assist you in making your decisions on which assets to request. Further, your Tampa divorce attorney must have a network of professionals, such as appraisers, actuaries, CPAs, real estate brokers, and financial planners to make sure your equitable distribution plan is going to net the best financial outcome as possible.
The Wesley Chapel divorce attorneys at North Tampa Law Group offer free consultations and will explain to you the benefits and pitfalls of specific marital assets.
If you have any questions about what to do about dividing assets in a Florida Divorce or if you would like to speak to us about your options, please contact North Tampa Law Group at (813) 518-7411 or complete a free online case evaluation. We represent clients during stressful and difficult times in their lives. We are empathetic, responsive, and push for a quick resolution. We look forward to helping you resolve your issue quickly, fairly, and in a way that will help you to return to the stable, predictable life that you deserve.