Divorce Services in West Palm Beach
Top-Tier Representation in Palm Beach, Martin, St. Lucie & Indian River Counties
At Sasser, Cestero & Roy, P.A., we have garnered a reputation for handling sophisticated and complex high asset divorce cases in a discreet manner. Our qualified Board Certified Family and Marital Law Specialists prioritize maintaining our client’s privacy as we understand the importance of keeping your personal life out of the public eye.
High asset divorces are often much more complex as they require a high level of legal expertise, financial sophistication, and discretion. A high asset divorce may cover some of the following matters:
- Privately held and publicly traded business interests
- Offshore bank accounts
- Retirement funds, investments, stocks, mutual funds, and bonds
- Real estate holdings
- Business valuations and/or joint businesses
- Income and asset discovery
- Cross border assets
- Marital & nonmarital property (nationally and internationally)
For the most favorable outcome, it is important to hire an attorney with a successful record of resolving high asset divorce cases. With over three decades of experience and a reputation for successfully helping A-list clients resolve their divorce matters, our attorneys are the best choice to help you with your case.
Marital Versus Nonmarital Property
High net worth divorce issues can compound when highly valuable property and investments are concerned. A part of navigating these issues is differentiating between marital and nonmarital property. Unless a couple established a prenuptial agreement beforehand, marital property includes all assets, property, and debts acquired while married. As marital property belongs to both spouses it will be divided accordingly.
In Florida, marital property includes:
- Retirement accounts
- Stocks, bonds, and mutual funds
- 401(k)s, IRAs, profit-sharing accounts
Nonmarital or separate property consists of assets, property, and debts acquired by each spouse before getting married.
In Florida, nonmarital property includes:
- Assets, property, and debts defined in a legal written agreement, such as a premarital agreement
- Income from separate property
- Items exchanged for or purchased with separate property (re-write)
- Gifts acquired during marriage
Can Separate Property Become Marital Property?
A spouse can gift separate property to a spouse, thus turning it into marital property, but change the title on the property to include the other spouse’s name as well. This is called a transmutation of property.
If the value of separate property increases due to the efforts and/or contributions of both spouses, this will be considered marital property as the spouses used their financial means to increase the value of the property.
A spouse can also commingle or mix up marital and separate property by doing one of the following acts:
- Depositing marital funds into a premarital bank account
- Pay the mortgage on a separate property with martial earnings
Contact Our Firm to Speak with a Family Law Specialist
Your financial future is a priority to us, whether negotiating a divorce agreement, establishing child custody, or resolving a paternity case, we are committed to your success. Our firm has garnered the respect and esteem of A-list clients, celebrities, professional athletes, business professionals in West Palm Beach and surrounding areas, and would be honored to support you through this life transition.
At Sasser, Cestero & Roy, P.A. we are proud to offer confidential, professional legal counsel for sensitive, high-risk cases.