Divorces involving high-value assets and business interests typically involve more complex and challenging issues. If you and your spouse have substantial financial assets, you need a knowledgeable high-asset divorce attorney skilled in complex asset division
Given the financial affluence of many Los Angeles residents, our divorce attorneys often assist clients with high net worth and substantial assets. Some of the more common issues presented in high asset divorces include:
At Martin Family Law Group, our divorce attorneys can help. Not only do we regularly handle high asset and complex divorce cases, we have the foresight necessary to plan for and avoid other related business or civil issues that may arise while remaining responsive to our clients’ sensitive family needs..
Divorce is typically considered a high asset when the divorcing couple has assets totaling $1 million or more. In order to understand what a high-asset divorce is, it’s first important to understand what counts as an “asset” or property. Generally speaking, an asset or property is anything of value that can be converted into cash. This includes houses, cars, jewelry, art, collections, investments, 401(k)s and other retirement accounts, and business interests. Essentially, anything that has a monetary value can be considered an asset.
If you find yourself in the midst of a high-asset divorce, it’s important to seek out an experienced high-asset divorce attorney. Our Los Angeles-based high-asset divorce lawyers can help you navigate the legal process, protect your rights, and advocate on your behalf. At Martin Family Law Group, our attorneys are ready to assist you with your case. Contact us at (310) 694-9533 today to schedule a free consultation.
Because of the potential for large amounts of money and property to change hands, it’s important to be extra vigilant about protecting your interests if you’re going through a high-asset divorce. Here are a few tips on how to do that.
1. Know What You Have – The first step in protecting your assets is knowing what you have. This sounds like it should be simple, but it can be difficult to track down all your assets, especially if you’ve been married for many years. Make sure you have a complete picture of your shared finances.
2. Keep track of all your expenses. This includes not only the obvious things like mortgage payments and credit card bills, but also things like household expenses, childcare costs, and any other regular expenses you have. Knowing what your monthly expenses are will help you determine how much of the marital assets you need to keep in order to maintain your current lifestyle.
3. Get copies of all important financial documents. This includes tax returns, bank statements, investment account statements, and any other documents that show what assets you have and how much money you have coming in and going out each month. Having these documents will make it easier for your attorney to negotiate on your behalf and help ensure that you receive a fair settlement.
4. Be prepared to negotiate. You may not get everything you want in the divorce settlement but being prepared to negotiate will help. If you know what your bottom line is, you can be more flexible on other issues and still come out ahead in the end.
5. Hire an attorney – Many people try to go through a divorce in California without hiring an attorney, thinking they can save money this way. However, an experienced family law attorney can be worth their weight in gold when it comes to protecting your interests in a divorce. An attorney can help you navigate the legal system, gather evidence to build your case, and negotiate on your behalf with your spouse’s attorney. If you have significant assets or income at stake in your divorce, hiring an attorney is a must.
Hiring a divorce lawyer is a big decision but it doesn’t have to be an overwhelming one. If you are looking for a family law attorney, you should hire The Martin Family Law Group because we:
If you need help, contact us today to schedule a free consultation.
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