Here’s What to Know About High Net Worth Divorces in CA

Here’s What to Know About High Net Worth Divorces in CA

Divorce is seldom a simple matter, and often, when couples get divorced, they find themselves dealing with concerns they never imagined. Unfortunately, when a divorce involves a couple that has a significant amount of assets, it may become all the more complex. Our firm has years of experience helping high-net-worth individuals through the divorce process, and we are prepared to use that experience to help you in any way we can. Please continue reading and reach out to our Los Angeles divorce attorneys to learn more about high net worth divorce in California and how we can help you through it. Here are some of the questions you may have:

How do I know if I am in a high net worth divorce?

Technically speaking, to be in a high net worth divorce, you and/or your spouse must have more than $1 million in assets. Clearly, if you fall into this category, you have a lot on the line, which is why you need an attorney who has experience handling these divorces and who has a meticulous sense of detail.

What makes a high net worth divorce different from other divorces?

High net worth divorces are, in large part, the same as standard divorces, as they generally deal with all of the same issues, such as spousal support, child custody/support, and more. They are also the same in that they both deal with property division, however, high net worth divorces often entail a more complicated equitable distribution process, as there is typically a lot more at stake, especially if you and your spouse have not drafted a prenuptial agreement. Some of the most common assets at stake in high net worth divorces are cryptocurrency, stock investments, memorabilia and other collectibles, expensive vehicles, multiple properties, and more. In many cases, third parties, such as forensic accountants, will also be involved.

Is there a way to protect my assets from a divorce?

Fortunately, there is. If you and your spouse have not yet gotten married, you can draft a prenuptial agreement, which can dictate exactly what will happen with various assets you’ve accumulated before your marriage. It can also outline future spousal support terms, if you wish to make that clear from the start. However, if you are already married, though you may not draft a prenuptial agreement, you can still draft a postnuptial agreement, which serves the same purpose.

Contact our experienced Los Angeles firm

Divorce and family law issues are notoriously complicated and personal, which is why you must hire an attorney with years of experience, as well as the compassion and skill needed to handle these sensitive matters. For the qualified, dedicated legal representation you and your family deserve and need, contact Zitser Family Law Group, APC today.

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