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Woodland Hills High Net-Worth Divorce Attorneys

Serving San Fernando Valley With High Profile Divorces

If you are in a high net-worth marriage and considering filing for divorce, you likely have many questions about what could happen to your substantial assets. You might be in possession of property, investments, benefits, and businesses that you cannot afford to lose in the divorce. It is important that you take the necessary steps when pursuing divorce to protect your high net worth and the life you have built.

Other problems that may arise in high net worth divorce include:

Spousal support
Business revenue distributions
Contiguous property
Benefits and shared accounts
Credits

With so much at stake, it is incredibly important to get started on developing a solid and comprehensive plan quickly.

Our seasoned high net-worth divorce attorneys in Woodland Hills can provide the legal guidance and representation that you need to secure what is yours during the divorce process. Call at (800) 689-0774 or contact us online now.

Factors That Complicate a High Net Worth Divorce

The average divorce has the potential to be extremely complicated, considering the more assets and finances that are involved, the more room there is for these property distributions to get messy.

Couples who have a high net worth and require a divorce will have to face major issues involving their large number of investments, accounts, sub-companies, and so on. The matter becomes much more complex when your interest in a company is scattered among partners with potentially opposing ideas of how the ownership should be handled.

High net-worth divorces present several unique challenges that require specialized legal guidance. These challenges often include:

Complex Asset Valuation: High-net-worth individuals often have a range of assets that need to be accurately valued, including real estate, investment portfolios, business interests, and retirement accounts.
Business Interests: If one or both spouses own a business, the value of the business must be determined. In some cases, this could involve determining whether the business is considered community property, or if one spouse’s separate property interest in the business is at play.
Hidden Assets: In some high-net-worth divorces, one spouse may attempt to hide assets to avoid sharing them. This can involve underreporting income, transferring assets to third parties, or using complex financial instruments to conceal wealth. A Woodland Hills high net worth divorce lawyer can help identify and uncover hidden assets, ensuring that all assets are disclosed and fairly divided.
Spousal Support (Alimony): High-net-worth divorces often involve discussions of spousal support. One spouse may be entitled to receive spousal support, especially if there is a significant income disparity between the parties. Calculating the amount and duration of spousal support in high-net-worth divorces can be more complicated due to the high income levels and assets involved.
Child Support and Custody: In cases involving children, determining child support and custody arrangements becomes more complex. High-net-worth individuals often have unique parenting arrangements, with one parent potentially seeking more time with the children to protect their relationship. Additionally, a higher income may lead to higher child support obligations.

Protecting Your Assets in a High Net Worth Divorce

For individuals with substantial wealth, protecting assets during a divorce is crucial. A Woodland Hills high net worth divorce lawyer can help protect your financial interests, ensuring that your assets are accurately valued, appropriately categorized, and divided fairly.

Whether through negotiation, mediation, or litigation, your attorney will work to protect your wealth, safeguard your future, and help you achieve the best possible outcome.

Prenuptial and Postnuptial Agreements: In high-net-worth marriages, prenuptial or postnuptial agreements may be in place to govern the division of assets in the event of divorce. These agreements can help simplify the property division process, but they must be carefully drafted and enforceable.
Mediation and Alternative Dispute Resolution: Not every high-net-worth divorce needs to go to court. Many couples choose to resolve their divorce through mediation or other forms of alternative dispute resolution (ADR). Mediation can offer a more collaborative and private approach to resolving property division and spousal support issues.

Property Division in High Net Worth Divorces

California follows community property laws, meaning that all property acquired during the marriage is generally considered community property and is subject to division in a divorce.

However, there are significant nuances that apply when high-net-worth assets are involved.

Community Property vs. Separate Property: In a high-net-worth divorce, one of the first tasks is to distinguish between separate property (property acquired before marriage or by gift or inheritance) and community property (property acquired during the marriage). In some cases, assets may be partially commingled, meaning that separate property has been mixed with community property, making it harder to determine the rightful owner of the asset.
Real Estate: High-net-worth individuals often have multiple properties, including primary residences, vacation homes, and investment properties. Deciding how to divide real estate can be complex, especially if the properties have appreciated significantly in value during the marriage.
Retirement Accounts and Investments: Retirement accounts, stock portfolios, and other investment assets are common in high-net-worth divorces. In California, the portion of these accounts acquired during the marriage is typically considered community property and must be divided between the spouses.
Business Valuation: If one or both spouses own a business, it may be one of the most significant assets to be divided. Valuing a business requires detailed financial analysis, often involving professional appraisers, accountants, and business valuators.

Spousal Support in High Net Worth Divorces

Spousal support is a common issue in high-net-worth divorces. In California, spousal support is determined based on a variety of factors, including the length of the marriage, the financial needs of the spouse requesting support, and the supporting spouse’s ability to pay. In high-net-worth divorces, spousal support may be significant, especially if there is a large disparity in income between the spouses or if one spouse has been out of the workforce for a prolonged period.

Child Custody and Support in High Net Worth Divorces

In high-net-worth divorces, child custody and child support can be more complex. The lifestyle and financial security of the children may be impacted by the divorce, and parents may have differing views on custody arrangements. Child support calculations are based on the income of both parents, and in high-net-worth divorces, this often results in substantial child support obligations.

A Woodland Hills high net worth divorce attorney can help ensure that child custody and support arrangements are fair and in the best interest of the children, taking into account the high standard of living that both parents may be accustomed to providing.

Skilled High-Asset Divorce Legal Representation in Woodland Hills

High net worth divorces can include other highly lucrative assets such as stock options, real property, equity interests, retirement plans, deferred compensation and benefit plans, deferred compensation plans, and a variety of other bonuses, benefits, and perks. These are complex matters that require aggressive representation to ensure that your interests and assets are protected throughout your high net worth divorce case.

A Woodland Hills high net-worth divorce lawyer from our firm will be instrumental in protecting your financial interests, ensuring that your property is divided fairly, and helping to resolve issues related to spousal support and child custody. Whether through negotiation, mediation, or litigation, your attorney will be by your side every step of the way to ensure that your wealth and future are secure.

If you have any questions about how to proceed with your divorce, please give us a call today at (800) 689-0774 or reach out online to learn more about what our attorneys can do for you.

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