Author Archives: Jay Butchko
High Net Worth Divorce in Florida: Why It is Important to Have a Plan
While ending a relationship is never easy, high net worth couples face some unique additional challenges. A high net worth divorce does not always have to be a nasty fight. Before filing for divorce, it is imperative that you make a plan. With a well-crafted strategy, you can effectively protect your rights, your interests,… Read More »
Four Things to Know About the Parental Relocation Laws in Florida
People move around. It could be a new job opportunity, to be closer to extended family, or simply for a change of scenario. If you currently have shared parental responsibility of your child, a move might be affected by Florida’s parental relocation laws. Our Boca Raton and Coral Springs parental relocation attorneys highlight four… Read More »
Forensic Accounting Investigations and High Net Worth Divorce
High net worth couples face unique challenges in divorce. In many cases, high income individuals own complex assets. There are often serious questions about what is owned and how much the property is worth. A forensic accountant can help bring clarity in a dispute. Further, a professional investigation can uncover otherwise hidden assets. Here,… Read More »
Understanding the Potential Tax Implications of a Florida Divorce
Are you preparing for a divorce? If so, you undoubtedly have a lot on your mind. Taxes are probably one of the last things you want to think about right away. However, a marital separation or divorce has significant tax implications and it is a mistake to overlook taxes and other key financial issues…. Read More »
What are the Benefits of Keeping Your High Net Worth Divorce Out of Court?
Going through a divorce is a complicated and emotionally challenging experience. For high net worth couples, ending a marriage can be especially difficult. There are so many complex legal and logistical issues that must be resolved. Nonetheless, you are not necessarily doomed to a frustrating legal battle. The overwhelming majority of divorces in South… Read More »
Getting Divorced in Florida? What to Know About Your Estate Planning
If you and your spouse are separating, it is crucial that you tie up all of the financial and legal loose ends before finalizing your divorce. Estate planning is an important area that can easily get overlooked in the confusion. While Florida has some laws in place that help to make the process easier,… Read More »
Four Things to Consider Before Signing a Prenuptial Agreement
While it may not be the most romantic thing in the world, a prenuptial agreement is a sensible choice for some couples. That being said, you should never sign a prenup without giving careful consideration to your feelings, your rights, and your responsibilities. In this article, our Boca Raton and Coral Springs prenuptial agreement… Read More »
I Am Getting Divorced in Florida: Will I Be Required to Pay Alimony?
Alimony (spousal support & spousal maintenance) is an allowance paid by a person to their former spouse following a divorce. Under Florida law (Florida Statutes § 61.08), alimony is not guaranteed—it will only be awarded in certain circumstances. For reference, an academic study cited by CNN Money found that alimony is awarded in around… Read More »
Dissipation of Assets: How to Prove It, Stop It, and Protect Your Rights
Finances are a contentious factor in many divorce cases—particularly for high net worth couples. In Florida, spouses are entitled to their fair share of the joint property. This raises a question: What happens if your partner is wasting assets before divorce? Fortunately, you have options available. Waste/abuse of marital property is often referred to… Read More »
Florida Divorce: Deferred Compensation, Profit-Sharing Plans, and Other Complex Benefits
Under a deferred compensation plan, a portion of an employee’s total pay is “withheld” until a pre-specified future date. Often, but not always, the benefits will not be disbursed until an employee’s retirement. In the modern business, more and more high ranking executives receive a larger and larger portion of their overall salary through… Read More »
