Danville High Asset Divorce Lawyer

High Asset Divorce Attorney In Danville

Divorce is often a distressing and complicated ordeal. This is only magnified in cases of high asset divorce, or divorces that involve the management of substantial wealth and assets. These cases typically involve the division of extensive property, intricate business interests, and various investments. High asset divorce cases require extensive attention to detail and strategic planning. They should be navigated with the help of a Danville high asset divorce lawyer.

Tierney Law Group: Skilled High Asset Divorce Attorneys

At Tierney Law Group, we understand the unique demands of each high asset divorce. With decades of experience, we’re prepared to help you through the complexities of the legal process.

California’s divorce rate of 5.9 means many couples are divorced each year, and we’re proud to help them through these challenging times.

What Constitutes a High Asset Divorce?

High asset divorces hinge on several factors. First, it’s important to assess the complexity and scale of marital assets. If you and your spouse own significant investments, multiple businesses, real estate properties, and valuable collections, your divorce is likely to involve high asset considerations. With a median household income of $223,206 and a median listing home price of 2.1 million, Danville sees more high asset divorces than many other parts of the country.

Those who enjoyed an extravagant lifestyle during their marriage are also more likely to have a high asset case. While there is no specific range for this type of divorce, most involve individuals with a substantial net worth that includes:

• Real estate holdings. This could be anything from primary residences to vacation homes, rental properties, land investments, and commercial real estate. Neighborhoods like Westside, Stonegate, and The Bridges have particularly high real estate values.
• Business interests. High-asset divorces frequently involve ownership stakes in partnerships, professional practices, and multiple businesses. It is essential to value these interests accurately in order to ensure equitable distribution.
• Investment portfolios. Complicated investment portfolios that include hedge funds, mutual funds, bonds, stocks, and more financial instruments will add layers of complexity to divorce processes.
• Valuables and luxury assets. It is important to assess jewelry, art collections, yachts, luxury vehicles, and similar assets in a high asset divorce case. In these instances, it is important to hire an appraiser who can assess their value.

How Is a High Asset Divorce Different From a Regular Divorce?

Divorce is always challenging, regardless of the assets involved. However, in cases of substantial wealth, the complexities and stakes are significantly higher. Untangling assets and determining their value is often a very complex process. Here are the major differences:

• Complexity of asset division. In a regular divorce, the division of assets centers around homes, vehicles, and savings accounts. However, in a high asset divorce, the asset pool is much more intricate and involved. It branches out to include real estate, valuable collections, and offshore accounts, among other things.
• Financial disclosure and legal transparency. In a regular divorce, financial disclosure is important for an equitable distribution of assets. In high asset cases, however, it becomes even more critical due to the complexity and substantial value of assets.
• Spousal support and lifestyle maintenance. High net worth individuals typically enjoy a more lavish lifestyle, and maintaining that lifestyle post-divorce may require significant financial support.

How the Attorneys at Tierney Law Group Can Help You

At Tierney Law Group, our goal is to work to reduce the strain and emotional hardship that often comes with a high asset divorce. We can do this by providing you with clear guidance, compassionate support, and a strong dedication to do everything possible to achieve your desired outcome.

For over 20 years, the family law attorneys at Tierney Law Group have been working hard to assist clients in navigating the complex and emotional journey that comes with a high asset divorce. Choosing the right attorney can make all the difference in your case. Allow us to use our skills and experience to help in the following ways:

• Asset valuation experience. We focus on high-asset divorces and have the resources and knowledge to accurately assess the value of complex assets, such as investments, businesses, and real estate properties. We consult with skilled professionals such as appraisers and forensic accountants to make sure everything is evaluated accurately.
• Strategic negotiation skills. Our attorneys are skilled in negotiating on behalf of our clients to secure favorable settlements. We tailor our approaches to the unique circumstances of each case to achieve optimal outcomes.
• Financial knowledge. We are familiar with financial matters, including business valuation, tax implications, and investment strategies, all of which are essential when navigating a high asset divorce.
• Tracing and discovering assets. In many high-asset divorces, parties attempt to alter financial documents or hide assets. Our experienced attorneys are skilled in asset tracing and discovery to find hidden assets and ensure financial transparency.

FAQs

Q: What Type of Lawyer Works on Divorces for High Net Worth Individuals?

A: High net worth individuals typically hire high asset divorce lawyers who focus on divorces with significant assets, including real estate, businesses, and financial holdings. These spouses often deal with unique problems with issues like property division and spousal support. An attorney with extensive experience in high net worth divorce knows how to approach these complex problems effectively.

Q: How Much Does a High Net Worth Divorce Lawyer Cost in CA?

A: For high net worth divorces, total legal fees can be expensive, especially if there are disputes over property, custody, or spousal support. The fees charged by each divorce lawyer can vary significantly based on factors like credentials, location, experience, and reputation. Divorce attorneys may charge clients a flat fee or on an hourly basis, which can also impact the cost.

Q: How Long Does a High Asset Divorce Take In Danville, CA?

A: A high asset divorce in California can typically take a significant amount of time, depending on the complexity of assets, cooperation between parties, and court backing. Contested divorces, where neither party is cooperating, may take longer. Asset valuation and property division often take much longer for high net worth couples.

Q: Does One Spouse Have to Pay for the Other’s Divorce Attorney in California?

A: Not necessarily, but in some cases, one party may have to pay for their spouse’s divorce attorney. In a high asset divorce, the court’s goal is to level the playing field. While this is not always the case, the high-earning spouse may be required to pay some of the other partner’s legal fees. This is especially common in high asset cases.

Speak With a Trusted High Asset Law Attorney Today

As a high net worth individual, you can rely on the team at Tierney Law Group to handle every aspect of your high net worth divorce or separation case. Our firm understands that these can be emotionally difficult times for all involved, so we hope to do whatever we can to seek the outcome you desire. Contact our offices today to schedule your consultation.