What You Need to Know About High Net Worth Divorce in California

What You Need to Know About High Net Worth Divorce in California

As you know, divorce is complicated, both emotionally and legally. However, if you and your spouse are in a high net worth divorce, your divorce will also become increasingly complicated financially. Please continue reading and speak with our knowledgeable California divorce attorneys to learn more about high net worth divorces and how our firm can help you through every step of the legal process ahead. Here are some of the questions you may have:

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

If you and your spouse have assets worth over $1 million, you are in a high net worth divorce. Rather obviously, in a high net worth divorce, you have a lot on the line, which is why you must retain the services of an experienced attorney who can work to fight for what’s rightfully yours.

What assets are at stake in a high net worth divorce?

Of course, all of the standard divorce-related issues, such as child custody, spousal support, and more will come into play, however, those who are entering high net worth divorces have even more to worry about as the property distribution process is oftentimes far more complex because simply put, they have more assets than those in standard divorces. In many cases, those entering high net worth divorces are business owners, have stocks, bonds, complex investments, automobile collections, multiple properties/real estate, and more. Oftentimes, high net worth divorces often call for the involvement of third parties, such as forensic accountants or financial analysts, which is why you must have an attorney on your side who can work to protect what is rightfully yours.

How can I protect my assets from a divorce in California?

Fortunately, there are several actions you can take to protect your assets from a divorce. To start, if you are not yet married, you may draft what is known as a prenuptial agreement, which will predetermine what will happen with certain assets, should you ever get divorced. If you are already married, you may draft a postnuptial agreement, which essentially serves the same purpose, though these documents are exclusively drafted after marriage. Finally, if you and your spouse jointly own a business, you may draft a shareholder agreement to determine how the business will function in the event of a divorce.

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.

 

Our Recent Blogs

View More

Website built and managed by Accel Marketing Solutions, Inc