Divorces are never easy, but when you have significant assets, the process can be especially difficult. High net worth or high asset divorces have more moving parts than standard divorces, and the members of these marriages face unique challenges. Therefore, it is important for you to hire a qualified Orange County family law attorney to represent you in these situations.
In many respects, a high asset divorce will proceed similarly to a standard divorce procedure. However, with increased asset values, there is a higher risk for error and inequality. No matter what role you played in your marriage, it is important to get an Irvine divorce attorney if you are facing a high-income divorce.
Our team at Quinn & Dworakowski, LLP, is ready to represent you in any family law matter, including high asset or high net worth divorce proceedings.
Although many divorce attorneys do not have the experience to represent couples in a high net worth divorce, our team is different. We have decades of experience in family law and divorce law, and we lead the industry in high net worth divorces. We understand the major differences in these cases as well as the significant similarities. This gives us the tools to help you through the process and the compassion to offer you kind and reliable divorce services in Irvine, CA.
We always fight diligently for our clients to ensure that they get what is fair. You should feel confident that your future remains bright after a divorce, and our team can help create divorce terms that support this vision. We are the premiere Orange County law firm for high net worth and high-income divorce proceedings.
When a couple has assets that are cumulatively worth one million dollars or more, their divorce is considered to be a high net worth divorce. Although the divorce process itself is the same as any other divorce, couples with significant assets have more at stake. It is also especially important for the terms of these divorces to be equitable and fair for both parties.
Individuals who have significant assets usually have multiple properties, stocks, luxury vehicles, cryptocurrency, and other similar factors that make their divorce particularly complicated. Distributing assets equally is not as easy when there are more factors involved.
Couples undergoing high net worth divorces also need to consider factors like child support, child custody, and alimony or spousal support. The couple’s net worth may affect these areas and can make the process even more lengthy and complicated.
When you are going through a high net worth divorce, it is important to have an attorney with direct experience in cases like yours. Simply navigating divorces is not sufficient experience to be able to properly represent a high net worth individual in a divorce. You need to search for someone who has experience with financial situations like yours.
Having an attorney to represent you is important in any divorce, as it ensures that the court hears your opinion and takes your feelings into account. Without an attorney, you can end up with an unfavorable settlement, a poor child custody agreement, a negative child support payment amount, and more. To protect your family and your future from harm, you need to hire a qualified attorney to help you.
A: A high net worth divorce is the ending of a marriage in which the couple has at least one million dollars’ worth of assets. These assets can be:
In a high net worth divorce, the couple has significantly more considerations, especially when dividing assets.
A: When you divide assets during a divorce, you will begin by totaling the worth of all pieces of marital property. In most cases, each spouse should receive half the amount of the marital property. For example, if a couple has two million dollars’ worth of property, they should each receive one million dollars. In high net worth divorces, splitting assets is usually more complicated than this, as it usually involves assets of different kinds, values, and personal sentiments.
A: A statement of net worth is the accumulation of all the assets and debts that a couple has accrued during their marriage. The purpose of this is to determine how much debt and how many assets should be distributed to each spouse. In some situations, the couple may need to sell their assets to split the value. If you fail to disclose debt or assets in the statement of net worth, you can face serious legal consequences.
A: Attorneys all charge differently for their services, so it is difficult to say how much your attorney will charge you. Some charge a portion of your settlement, while others prefer to charge hourly. Be sure the costs are clear when you begin the process so that you can afford your attorney throughout the divorce process.
A: Yes, you can usually get spousal support if your spouse makes a significant amount of money. However, this may not be possible if you signed a prenuptial or postnuptial agreement that stated that spousal support would not be given. Even still, your prenuptial or postnuptial agreement may not hold up in court if the spousal support terms are excessively prohibitive or illegal.
For many years, our team has been helping couples of all socioeconomic statuses navigate divorce, separation, child support, child custody, and many other family law issues. You can trust us to care for your family as well.
For more information, contact Quinn & Dworakowski, LLP.
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