When business owners, executives, and other high-net-worth individuals divorce, even routine issues can be more complicated to resolve. Failing to adequately address the nuances of these cases can lead to disastrous economic consequences for the couple and their family, which is where our motivated divorce attorney comes in.
If you are going through a divorce involving valuable assets, you need our skilled Simi Valley high-asset divorce lawyer who knows how to resolve these cases to your benefit.
One of the critical components of a divorce settlement is a fair division of the couple’s marital property. In high-asset divorces, a couple may own various types of assets, all requiring a detailed analysis and valuation. These complex property interests include:
Accurately valuing these assets can be challenging, particularly when fluctuating variables like the stock market impact the value. A seasoned attorney understands the various economic factors affecting high-asset divorces and could work to reach a favorable outcome.
When a couple’s marital estate consists of diverse assets, the use of expert testimony could mean the difference between an equitable division of the couple’s property and one spouse receiving substantially less than they deserve. An accomplished high-asset divorce attorney maintains professional relationships with experts who can assist in analyzing the spouse’s property interests, including:
Without the esteemed input of these professionals, it can be challenging to identify and value the couple’s property effectively. Additionally, a judge may be hard-pressed to fully understand the nature of the marital estate without a clear presentation of the facts. A capable Simi Valley divorce lawyer experienced in high-asset divorce could use their expertise as well as that of qualified experts to present a client’s case in court persuasively.
Under state law, judges must assess a spouse’s spousal support request based mainly on each spouse’s earnings. In high-asset divorces, one or both spouses may have more than one income source. For example, a party may receive dividends from a stock holding, rental income from commercial property investments, and royalties from a patent or copyright.
In these situations, it is essential to consider not only a spouse’s paycheck but all the ways they derive income. Doing so will enable a judge to grant a spousal maintenance award that genuinely reflects the parties’ contributions during the marriage. A knowledgeable attorney can identify all the couple’s earnings and present an accurate picture of the parties’ lifestyle during their marriage.
Additionally, California mandates using statutory child support guidelines when calculating financial support for children post-divorce. These guidelines place a cap on a parent’s income level, and it may be necessary to deviate from the guidelines to ensure a couple’s children receive the appropriate child support. A practiced attorney in Simi Valley is well-versed in the state’s child support guidelines and how to apply them in high-asset divorce cases.
In high-asset divorces, spouses have a lot at stake and potentially much to lose if a judge requires them to split their assets with the other spouse. Unfortunately, this can lead to one spouse attempting to hide property or devalue it to prevent their ex from receiving their fair share. A well-trained attorney is adept at uncovering hidden assets during divorce cases and ensuring they are accurately valued.
The more substantial a couple’s holding, the more challenges they may face if they divorce. High-value divorces often present more areas of potential disagreement, from valuation disputes to arguments about a spouse’s actual income.
A capable Simi Valley high-asset divorce lawyer could address a wide range of complex issues specific to these types of marital dissolution proceedings. Our firm’s respected attorneys also know which experts to rely on to develop a complete understanding of the couple’s marital estate. Call today.
Hoffer Family Law Firm