San Ramon High Asset Divorce Lawyer

High Asset Divorce Lawyer In San Ramon

No matter who you are, divorce can be a painful experience, but when you have multiple assets with high value, known as a high asset divorce, divorce can be further complicated. Sometimes, a divorcing couple can move through their divorce uncontested, meaning they have figured out how to divide things between them and don’t necessarily need mediation. A San Ramon high asset divorce lawyer can help ensure you are treated fairly.

Contested divorces, however, mean that the couple has disagreements over how they’d like to divide their property. Hiring a San Ramon divorce lawyer with experience in a high asset divorce will lessen your emotional burden, provide support during this trying time, and make sure that you get the most favorable outcome possible.

What Is a High Asset Divorce?

In San Ramon, 6.9% are divorced. When marital assets are above $1 million, the case is typically considered a high asset divorce due to the financial complexity involved. In cities like San Ramon, which maintains relatively high household incomes and property values, divorces often involve significant assets that require additional attention and evaluation.

California is a community property state, which means that everything acquired during the marriage must be split evenly between each spouse. Because finances can be complex, especially when assets are high, figuring out a fair and equitable outcome can be tricky.

Along with money in the bank, the following assets must be accounted for:

• Stocks/bonds/retirement. Because these investments have fluid value, they can get complicated fast, so splitting these fairly will be much easier with an experienced attorney on your side.
• Multiple properties. Splitting one property can be challenging, but if you own more than one, the challenge rises exponentially. This is why hiring a lawyer with experience with high asset divorces can benefit you – they have seen it before, and they know how to help. They will work with appraisers and tax advisors to make sure properties are valued accurately.
• Business interests. If one spouse owned a business before marriage, but their partner contributed to the business during the marriage, then that makes this situation much more complicated. High asset lawyers will work with financial planners, tax advisors, and more to make sure that you are represented fairly.
• Valuables. Valuables attained during the marriage must be appraised and verified by professionals to make sure that you are getting the accurate price.

What a High Asset Divorce Lawyer Does

If you hire a high asset divorce lawyer in Pleasanton, California, they will work hard to make sure you receive the most favorable outcome possible by:

• Valuing assets accurately and finding hidden assets. A spouse might try to hide assets in an offshore account or give money to a friend to avoid splitting it. A San Ramon high asset divorce lawyer is intimately familiar with these and other tactics used to hide money during a divorce. They will use that knowledge to track down every penny and ensure it is all accounted for.
• Working with appraisers, tax advisors, financial planners, and other professionals to value your property appropriately.
• Reviewing prenuptial or postnuptial agreements, if applicable. A high asset divorce lawyer is well-versed in these agreements and can make sure the agreement is kept.
• Receiving spousal support. Whether or not you receive spousal support depends on multiple factors, including length of marriage, standard of living while married, your ability to find work after marriage, and financial contributions.
• Determining child support. A standard formula is used to determine child support, but in high asset divorces, other considerations, such as meeting the standard of living that children are used to, are brought into play.

FAQs

Q: What Is the Average Cost for a Divorce Lawyer in California?

A: In order to file for a divorce, you must begin with a petition to the court, which incurs a filing fee. After that, the average cost of a divorce will vary depending on your specific circumstances. Contested divorces, in particular, may require additional time to mitigate. The more time it takes to settle a divorce, the more money it will cost, so hiring a lawyer with experience makes sense to save you money in the long run.

Q: How Can I Protect My Assets in a Divorce in California?

A: One of the first things you can do, beyond signing a prenuptial or postnuptial agreement, is to compile a complete list of all of your assets and debts. Along with that, make sure that your financial accounts are protected and document their value. The way to protect your assets is to consult with a San Ramon high asset divorce lawyer to help you navigate divorce law with confidence and keep an eye on the division of assets.

Q: What Is Considered a High Asset Divorce?

A: In the state of California, it is generally considered a high asset divorce when the combined liquid assets are worth more than $1 million. This doesn’t include property or business assets, all of which need to be divided as well. If your spouse won’t agree to mediate when the consequences are this high, then it is important to involve a lawyer with experience.

Q: Does the Husband Have to Pay for His Wife’s Divorce Lawyer in California?

A: In most instances, each party will pay for their own legal fees, but if one spouse can afford their own representation while the other cannot, then the outcome will likely be unfair. To combat this, the state of California can order the higher-earning spouse to pay for legal representation for the spouse, which will even the playing field.

Consult With a San Ramon High Asset Divorce Lawyer

Getting a divorce is difficult enough without adding the financial aspect. If your marital assets are worth over $1 million, then it is in your interest to seek a consultation and representation from an attorney with experience in high asset divorces.

They will make sure that you are involved and up-to-date every step of the way to make sure your assets are protected and fairly distributed. To save money, you must hire a professional who understands the ins and outs of this type of divorce.

A high asset divorce lawyer at the Tierney Law Group, PC, will do everything possible to look out for your interests, making sure that you receive everything you’re entitled to in your divorce. Contact us to schedule your consultation today.