What Type of Financial Disclosure Do Florida Courts Require in High Net Worth Divorces?
Florida Couples involved in high net worth divorces often have concerns about maintaining privacy regarding their finances. Certain financial disclosures must be made, however, in Florida divorce cases. Account numbers, social security numbers, and other confidential information remains confidential despite these disclosures to the Court.
For couples with gross income exceeding $50,000 a year, both spouses must file a Family Law Financial Affidavit (Long Form). The form requires detailed information about all sources of gross income. Couples involved in high profile divorces in Florida typically have acquired substantial assets and many would rather turn their high net worth divorce into a low-profile legal action. To the extent couples can settle outside of court, they may avoid publicity of the details of their divorce.
The Law Offices of Schwartz | White represents spouses in marriages of substantial means and assists them with protecting their interests and achieving their objectives.