Unfortunately, divorce is simply a fact of life for roughly 50 percent of all married couples. While every married couple has a lot to lose when it comes to divorce, the truth is, the more assets a couple has, the more complicated their divorce may be. Our firm deals with many individuals and couples who own a wide array of high-value and luxury assets. If you are someone who is getting a divorce and you own certain high-value assets, such as expensive cars, antiques, memorabilia, jewelry, or any other thing of the sort, you need our competent Los Angeles divorce attorneys on your side to learn more about high-value assets in divorce, and how our firm can help protect what’s yours. Here are some of the questions you may have:
Are my high-value assets at stake in a divorce?
Unless you have a prenuptial or postnuptial agreement in place that outlines exactly what will happen to certain assets in a divorce, these assets will typically be considered marital property, especially if they were acquired during the course of a marriage. That said, before distributing this property equitably, it’s often necessary to hire third-party assessors who can determine the value of the assets in question, including both the book value of the assets and how much those in the market would realistically pay for those assets. Once a value is set to your assets, a judge will determine what he or she considers to be a fair and equitable division of those assets.
Am I allowed to sell high-value assets before a divorce?
In some cases, selling high-value assets before a divorce is finalized is simply the most common-sense option for both spouses. For example, if you can agree to simply sell the assets and split the money, this will help you save time and money. Sentimental assets relating to a marriage may also be better off sold and done away with. Selling high-value assets may also be a good idea if you’ve accumulated marital debt. Finally, for some single adults, assets that were once possible to keep while married are now too costly, and it’s the smartest decision to simply sell them off and split the money. If you have any amount of high-value assets at stake in your divorce, you can depend on us to fight for you. Give us a call today.
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.