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Finances often a concern in Florida high-asset divorce cases

Most people have a difficult time wrapping their heads around life-changing situations. When wealthy Florida residents find themselves facing a high\-asset divorce, they may have particular concerns about their finances and other various impacts the process could have. As a result, they may find themselves seeking reliable information relating to their predicaments.

One concern that may come to mind during this time is the potential legal expenses divorcing parties may face. While it is true that it could prove costly to end a marriage, the actual amount differs from case to case. Various factors that could impact costs include how well the divorcing parties cooperate with each other, how prepared the individuals are and what type of budget a person may wish to stick to during the process.

Another tricky financial area that may cause concern relates to support payments during the litigation process. Because no agreements have been made at the onset of the divorce process, there is no set-in-stone amount that dictates future support. However, an interim plan may be created in order to determine how much support each party may need during the process.

Wanting to remain focused on finances during a high-asset divorce is understandable. Many wealthy individuals have worked hard for their fortunes and do not want to see them lost during divorce proceedings. Florida residents with such concerns may wish to speak with their legal counsel to better understand what expenses they may face and how to work toward the settlement and agreement outcomes that may have the least detrimental financial impacts.

Source: The Huffington Post, "5 Questions Every Divorcing Person Should Ask Their Divorce Attorney", Vikki Ziegler, Oct. 4, 2017

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