All divorces are complex, on several levels. However, when couples cannot agree on the terms of their divorce, their assets will often enter the equitable distribution process. Of course, if you and your spouse own multiple high-value assets, this can be a very stressful time. Read on and reach out to our experienced Los Angeles divorce attorneys to learn more about high net worth divorce in California and how our firm can help if you are going through one. Here are some of the questions you may have:
What is a high net worth divorce?
The qualifications for a high net worth divorce are very simple, though they carry very large implications. If you or your spouse own more than $1 million in assets, you are in a high net worth divorce. Couples in these divorces have very much at stake, which is why you must hire an attorney who has handled a variety of these cases in the past.
How is a high net worth divorce different?
While high net worth divorces often encompass many of the same issues as regular divorces, including alimony, child custody, child support, and more, high net worth couples will have far more to worry about when it comes to the equitable distribution process. These couples often own multiple properties, have significant stock investments, cryptocurrency, and more. In many cases, one spouse will even own a business, which, unfortunately, will also be subject to equitable distribution. Because of the complexity of these assets, oftentimes, forensic accountants and other third parties will also be involved in your divorce, making the process all the more complicated.
What can I do to shield my assets from a divorce?
If you are someone who is not yet married, you can draft a prenuptial agreement with your future spouse. Essentially, a prenuptial agreement outlines what will happen with certain assets, should you ever get divorced. You can also predetermine alimony terms in your prenuptial agreement as well. If you are already married, do not fear–you may still draft a document known as a postnuptial agreement. These documents essentially serve the same purpose, though they are drafted after marriage. If you and your spouse own a business together, you may draft a shareholder agreement, which will outline each of your interests in the business, should you ever get divorced.
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.