How is Property Distributed in a High Net Worth Divorce?

How is Property Distributed in a High Net Worth Divorce?

Divorce is complicated, both emotionally, financially, and legally. However, if you are a high net worth individual, the divorce process can become even more complicated. Please continue reading and speak with our knowledgeable California divorce attorneys today to learn more about high net worth divorces and how we can help you if you are entering one. Here are some of the questions you may have:

What is a high net worth divorce?

Simply put, if you or your spouse has at least $1 million in assets, you are in what is considered a high net worth divorce. That being said, you obviously have a lot at stake, which is why you need an experienced California divorce attorney on your side who can fight for what is rightfully yours.

What assets come into question in a high net worth divorce?

High net worth divorces are complicated because, on top of standard divorce issues, such as child custody, spousal support, and more, there is far more on the line when it comes to property distribution. For example, many high net worth spouses will own multiple properties, they may own businesses, they may have automobile collections, and they may also own stocks, bonds, and more. That is why, oftentimes, third parties, such as forensic accountants or financial analysts, will also be brought into the mix when assessing the value of your assets. The bottom line is that if you are a high net worth individual in California, you absolutely require the assistance of an attorney who has helped countless individuals through the high net worth divorce process for years.

Can I protect my assets from a high net worth divorce in California?

If you are someone who wishes to protect your assets from the property distribution process in California, fortunately, there are certain steps you can take. For example, if you are someone who is not yet married, you may draft a prenuptial agreement with your future spouse to outline what will happen with certain assets, should you ever choose to get divorced. That being said, if you are already married, though you may not draft a prenuptial agreement, you can still draft a document known as a postnuptial agreement. This document serves the same essential purpose as a prenuptial agreement, though it is drafted after marriage. Finally, if you and your spouse jointly own a business, you may also draft a document known as a shareholder agreement, which details each party’s interest in the business, should they ever get divorced.

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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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