Divorcing in Tampa Bay & Your Assets
You’ve worked hard all of your life and it is our job to ensure that your net worth and assets are protected and your divorce settlement is fair and in accordance with Florida Law. As veteran Tampa divorce attorneys, for over 25 years Nilo J Sanchez & Associates have developed the skill, reputation and experience you’ll need when it comes to equitable distribution and other applicable financial matters that must be resolved. These may include but are not limited to, alimony, child support and others, where applicable.
When negotiating your divorce settlement, asset division must be dealt with vigorously– the first time. This is particularly true in high net worth divorces, but also when either or both parties are business owners, investors, entrepreneurs or those with multiple sources of income. As CEO and sports divorce attorneys in Tampa Bay and having specialized in Florida Family Law for decades, we are fully equipped to represent clients who will be met with specific financial challenges when divorcing.
Is Equitable Distribution Modifiable in Florida Divorces?
In Florida, equitable distribution judgements are final. Post-judgment divorce and family law modifications are possible as it applies to alimony, child support, timesharing and other family law rulings, This is why we aggressively negotiate and if need be, litigate the financial aspects of your divorce. In high dollar divorces or even in less complicated contested divorces in Tampa Bay, we are hyper focused on your safe and secure financial future.
50/50 Split of Property, Assets & Liabilities in a Florida Divorce
In a Florida divorce case, any liabilities and assets either spouse acquired while married will count as marital property. If either spouse has property in their name only that was acquired during the marriage, it is generally subjected to a 50/50 split. However, property that was kept separate before and after the marriage by either spouse will not be subjected to equitable distribution, nor will inheritances or gifts. It is possible to avoid the 50/50 split by consulting with a Tampa Bay pre-nuptial attorney and then entering into an agreement that looks to a healthy financial future should you divorce. Nilo J Sanchez & Associates offer pre-nuptial and post nuptial attorney services that are highly beneficial. Remember, these pre marital agreements are not only for high net worth individuals but also for young professionals who are stepping into married life.
If you have non-marital property, we generally advise our clients to keep it separate. Few engaged couples or newlyweds expect their marriages to fail, but the reality is that they sometimes do. Additionally, should you acquire gifts or inheritances after you are married, putting it in a trust or separate account makes it less likely to be subjected to co-mingling scrutiny should you divorce.
Reach Out to Us
Are you concerned about asset division in Tampa Bay divorce? If you’re getting married, have you considered entering into a pre-nuptial agreement? If you have questions, concerns or you would like to get more information about pre-nuptial or post nuptial agreements, asset division, alimony or child support, contact Nilo J Sanchez & Associates today to schedule an affordable family law consultation. We represent clients in Pinellas, Pasco & Hillsborough County, FL. We provide sound legal counsel and representation that stems from over 2 decades of practicing family law in Tampa Bay.