For many Florida couples, a lot is at stake when dividing marital property. Therefore, before filing for a high asset divorce, doing some research could provide a clear and complete picture of the family's finances, which could help in obtaining a fair and equitable settlement. Further, taking certain steps to protect an individual's financial future could prevent problems later.
Before filing for divorce is a good time to conduct a thorough inventory of both marital assets and any assets that either party claims are separate. The inventory should include everything from accounts to the marital residence and everything in between. Having this information can help ensure that the other party does not attempt to hide anything during the proceedings. This may also be a good time to separate any joint accounts in order to prevent the other spouse from accruing any additional debt for which the other party could become responsible. Opening a separate deposit account may also be advisable.