High Net-Worth Divorces
Cases involving substantial assets can be a complicated process. Significant conflicts arise to the sheer number of assets, their worth, who controls what, and what to do with the assets. In addition, the complexity of the matter may be compounded if there are agreements (prenuptial or postnuptial) that dictate the direction of the proceedings. While these agreements are designed to simplify the process, this is not always the case.
Another consideration in high net-worth divorces is the treatments of debts and liabilities. These, like assets, may be divided equally in the event they were acquired by the community during marriage. Our office will work towards assuring that those assets and liabilities at issue are treated properly as either community or separate property. Common items that may be at issue include:
- The family business
- Stocks, bonds, and other investments
- The family home
- Retirement funds/401K savings
- Debts and liabilities incurred during the marriage
- Vacation properties
- Investment properties
The substantial assets and liabilities may ultimately impact the amount of spousal support and child support that may be awarded. The family law court will look to the estate to determine overall worth, but will also look at such factors that contribute to the style of living that one has grown accustomed to during the marriage. This may include the type of car driven, the quality of the family home, spending allowances, and other considerations that may have been standard during the marriage.
With a high net-worth, there are usually other aspects that make the proceedings unique. Being a company's CEO or a film producer may make the assets and publicity issues particularly important. Our office recognizes these issues and is prepared to adapt our representation to ensuring that you are protected throughout these proceedings.
Contact our office today to set-up an initial consultation. The complexity of dealing with such issues requires substantial time and effort so it is imperative to handle these matters in a timely and efficient manner.