High Asset Divorce Lawyer

High-Net Worth Divorce in Placer County, CA

Divorce can often be a complicated and arduous process, especially when it comes to the division of property and assets. In a high asset divorce, the stakes can be even higher and more complex since one or both parties may have accumulated some pricey assets. It is important to understand your rights, so that you do not walk away from your divorce with less than you should.

Types of Assets

Having full awareness of your marital assets as well as having access to accurate appraisals and valuations is critical for the divorce process. Your attorney will be able to help determine whether or not an asset qualifies as separate property or community property, so be sure to seek counsel from an experienced and skilled law firm that can adequately handle your case. Your attorney should also be able to help expose any hidden assets that may exist and freeze them with a temporary restraining order.

Common valuables involved in a high asset divorce:

• Businesses or practices
• Retirement and pension plans
• Stocks
• High-value art or furnishings
• Cars, boats, or planes
• Property, including homes, apartments, condominiums, vacation property, and investment real estate

Cost of a High Asset Divorce

A high asset divorce can be an extremely complicated process, largely in part to all the tangible and intangible assets that were acquired during the marriage. Since California is a community property state, all assets will be divided equally if the spouses cannot come to a prior agreement. High-net worth divorces have no shortage of valuable assets, including cars, private boats, planes, vacation properties, and more. Since there is no possibility of putting exact values on them for every couple, determining the exact cost of a high asset divorce will depend solely on the property you own. Call our high-asset divorce lawyers today for a consultation to discuss your options moving forward.

Think of Your Future

In a divorce, spouses are often focused on surviving the process, the legal fees, and on putting the failed marriage behind them, so they can move on with their lives. It has the potential to be an exhaustive process, but spouses must remember that they still have a future to think about and you might end up losing more than you can afford if you are not careful.

Keep this in mind for your future as you go through this process:

• What is your standard of living? Calculate this with your attorney and, if applicable, find out how much child support and spousal support is necessary.
• Consider the impact of paying off debts that were acquired before, during, and after the marriage. You must also seek a fair division of any shared debts.
• Outline the transferring of assets from a pension, 401(k), retirement plan, or other financial account during division of retirement. It may not seem important now, but how your retirement plans are handled can greatly impact your future.

Legal Experts Who Care About Results

Moving forward with a divorce is a difficult choice for both you and your family. At Myers Family Law, we understand that this process can be stressful and emotional, which is why our lawyers are dedicated to ensuring your divorce goes as smoothly as possible, so you can move forward with this new chapter in your life. We work hard to ensure that your best interests are protected and will answer any questions or concerns you may have throughout this process.

Call us today at (916) 634-0067 to schedule a consultation. We welcome clients from all across Sacramento County, Placer County, and El Dorado County.