Alamo High Asset Divorce Lawyer

High Asset Divorce Attorney In Alamo

During a marriage in California, you and your spouse might have acquired a significant amount of wealth, physical assets, and property. Unfortunately, this can make any potential divorce extremely complicated. Whether you own a large home in Alamo Oaks or a business along Danville Boulevard, you need to speak with an Alamo high asset divorce lawyer who can work to protect all you have worked so hard to build.

Trust the Team at Tierney Law Group

At Tierney Law Group, our main priority is our clients. We can treat you with the dignity and respect you deserve during one of the most difficult moments of your life. Our attorneys have decades of family law experience, and they can put that experience to use in your divorce case. Our firm can bring powerful advocacy to your case, and we are known for providing clients with exceptional legal service throughout California.

Tierney Law Group has a longstanding history of dealing with family law cases at the Peter L. Spineeta Family Law Center in Martinez, where your case will likely be held. We can review your case, determine the kinds of property involved, and ultimately assert your rights to what’s yours.

How Does California Divide Property in a Divorce?

California has a current divorce rate of 5.88 for every 1,000 women. In 2023, Alamo saw a median household income of $250,001, making high asset divorce cases common. When facing a high asset divorce case in California, it is wise to first be aware of how the state defines property. In any divorce case, the state divides property into two different kinds, including:

• Community property. This includes anything that you or your spouse gained during your marriage. It can encompass any income that either party gained during the marriage and any debts that were taken on, such as a home mortgage loan, car loan, or personal loan, even in cases where that debt is only in the name of one of the spouses. This property will typically be split evenly between the couple by the courts.
• Separate property. This is any kind of property that was owned by either spouse prior to the marriage. It also includes any kind of property that either spouse received during the marriage as a gift or inheritance. Additionally, any property gained following the official separation of the couple is considered separate property. Your attorney can look over your property and assets to determine whether this is the case and if this property is protected from divorce.

In cases involving high assets, it is important to be aware of the signs that your spouse may be hiding assets. These can include new account information that you do not recognize or large transfers of money happening in your shared accounts.

Defining a High Asset Divorce in Alamo

When a divorce is considered one with high amounts of assets, it typically means that the spouses share assets that are worth a million dollars or more. You need to hire an Alamo high asset divorce attorney you can count on to protect your rights to these assets. High asset divorce cases include a variety of both simple and complicated assets, including:

• Any form of real estate, including the family home, vacation homes, timeshares, commercial properties, and rental properties
• Pensions or retirement accounts
• Businesses or interests in a business
• Trusts
• Life insurance policies
• Jewelry, art, or car collections

Dividing certain highly valued assets can have financial and tax implications, so this process should only be handled by a seasoned attorney. Contact Tierney Law Group today to learn more.

FAQs

Am I Entitled to Spousal Support in a High Asset Divorce?

While high asset divorce laws may not automatically entitle you to spousal support in a high asset divorce, you may petition the courts for this support. The courts will take several factors into consideration when deciding whether spousal support should be awarded. These include the:

• Standard of living that was enjoyed during the marriage
• Length of the marriage
• Ability of the lower-earning spouse to support themselves

Why Do I Need to Hire a High Asset Divorce Lawyer?

There are several reasons why you need to hire a high asset divorce lawyer in Alamo. First, your attorney can identify and value all your marital or shared assets. They can also determine what assets are considered separate and therefore not subject to a property division. Furthermore, a skilled high asset divorce lawyer can minimize certain tax implications and negotiate divorce terms on your behalf.

How Long Will a High Asset Divorce Take in California?

Depending on the nature of a high asset divorce, the case itself can take several months and even several years, especially in situations where the spouses cannot work together to reach an amicable resolution. When a case is more complex or the issues involved are highly contested between the spouses, then the case will take much longer than those that are uncontested.

What Do I Do If I Think My Spouse Is Hiding Assets?

In the United States, around 40% of couples admit to committing some kind of financial infidelity. If you think that your spouse is hiding assets during your divorce, your attorney can uncover this behavior and hold your spouse accountable. In these situations, it is important that you gather as much financial documentation as you can as early as possible. Your attorney can use interrogatories and other legal tools to find your rightful assets.

Hire a High Asset Divorce Lawyer Today

If you are facing a high asset divorce case in Alamo, know that you are not alone. The team at Tierney Law Group can fight for you and the wealth you have worked to build. Whatever your case might involve, when you hire a high asset divorce lawyer from our firm, you can gain the confidence of having the right legal team safeguarding your interests. Contact our offices today for more information and to schedule your initial consultation.