Simplifying Divorce for High Net Worth Individuals: Working With Your CPA or Financial Advisor
The Challenge of Divorce for High Net Worth Individuals
Navigating a divorce is never easy, and for high net worth individuals, the process can feel even more overwhelming. Between managing the complexities of Florida Family Law Rule of Procedure 12.285—commonly known as mandatory disclosure—and safeguarding your financial future, it’s natural to want to simplify the experience and delegate much of the work. That’s where a skilled family law attorney can be invaluable. By working closely with your CPA or financial advisor, we can streamline the disclosure process and minimize the demands on your time and energy.
Understanding Mandatory Disclosure
Mandatory disclosure requires each party in a divorce to provide detailed financial documentation. For high net worth individuals, this often includes extensive information about investments, business interests, real estate holdings, and more. The sheer volume of documentation can be daunting, but it doesn’t have to be. If you already have a trusted CPA or financial advisor, they are likely familiar with much of your financial landscape. Our team can work directly with them to gather and organize the required information, so you don’t have to get bogged down in the details.
A Streamlined Approach to Financial Disclosures
Our approach is centered on making your life easier. From the outset, we can work with your financial professionals to ensure we collect and present your financial disclosures accurately and efficiently. This includes coordinating the preparation of statements, valuations, and any supporting documentation. By involving your existing team, we can leverage their deep knowledge of your finances, while also keeping the process as seamless as possible for you.
The Benefits of Collaborative Divorce
Additionally, the benefits of working in a non-adversarial process, such as Collaborative Divorce, cannot be overstated. In a Collaborative setting, you and your spouse agree to resolve issues outside of court with the support of a team of professionals. This team often includes a separate attorney for each spouse, a financial neutral, and a neutral Facilitator who are trained to guide you through the process with dignity and respect.
Collaborative Divorce is particularly advantageous for high net worth individuals because it prioritizes privacy and efficiency. You’ll avoid the public exposure that often comes with litigation, and the process is tailored to meet your unique needs. By opting for a Collaborative approach, you can maintain greater control over the outcome and reduce the emotional and financial toll of divorce.
Let’s Simplify Your Divorce Journey
Divorce is tough enough. Let us help simplify your journey by working alongside your CPA or financial advisor to ensure your financial disclosures are complete and compliant with Florida law. With the right legal support and a trusted team of professionals by your side, you can navigate this chapter of your life with confidence and clarity. Whether it’s streamlining mandatory disclosure, exploring Collaborative Divorce, or helping to craft a resolution that protects your assets, our goal is to make the process as smooth and stress-free as possible for you.
If you’re ready to take the next step, I invite you to reach out to us. Together, we can build a strategy that simplifies the journey and sets you on a path toward a brighter future.
Adam B. Cordover is co-author of an American Bar Association book on Collaborative Family Law. He is a former chair of the Ethics and Standards Committee of the International Academy of Collaborative Professionals and recipient of the inaugural Visionary Award from the Florida Academy of Collaborative Professionals. Adam has led live trainings and workshops to teach judges and practitioners about forms of private dispute resolution throughout the United States, Canada, France, and Israel. We practice virtually throughout the State of Florida, and we have offices by appointment in Tampa, St. Petersburg, and Sarasota.
