Navigating a divorce in Orange County can be challenging, especially when significant assets are involved that are worth a large sum of money. These scenarios are termed a “high net worth divorce,” which significantly increases the stakes and complexities of a traditional divorce. Your Orange County high asset divorce lawyer should intimately understand the intricacies of this type of divorce.
If you are confronting this type of divorce in California, understanding more about the nuances of divorcing with high-value assets can make a huge difference in the process. At Quinn & Dworakowski, LLP, our uniquely skilled team can help you understand the financial details of your high asset divorce.
If you’re questioning if your divorce might fall under the category of a “high asset divorce,” the following common attributes found within these cases can help to clarify.
At its core, family law serves as the legal framework for all matters related to relationships within a family unit. It serves as the backbone for all complex divorce cases, including:
A: To assess an attorney’s experience, review their professional profile to see how many years they have been in practice and what cases have been handled. You want to see if there are any client reviews that can make you feel more confident in your hiring decision.
Also, be sure to ask specifically about the attorney’s familiarity with complex asset valuation cases. If you don’t feel as if their answers to your questions are conveying competence in this field, you may want to look for another option.
A: How many years an attorney has been practicing, in addition to the complexity of your case, will influence the overall retainer cost. An average hourly wage to expect is roughly $250 to $500 per hour. Some notable attorneys in the area known for winning will charge more. It’s not uncommon for some lawyers to request a retainer fee upfront, which helps to secure their confidence in your ability to afford their services throughout the process.
A: Yes, the length of a marriage can influence a final divorce settlement in California. This is especially true when it comes to determining spousal support, as both individuals have become used to a certain lifestyle that the court will try to maintain after the legal split.
Typically, any marriage that has lasted longer than ten years will be labeled as long-term. If, within those years, one partner made a significant career or educational sacrifice for the benefit of the marriage, that will be taken into consideration when assets are being divided.
A: California is a community property state, which simply means that any assets or debts that have been acquired during the marriage will be split equally between both spouses. The reason why high asset divorces can muddy this traditionally straightforward process is that various assets could be within an equitable distribution state where assets are rather divided fairly, not necessarily equally.
This is why having a qualified high asset divorce attorney is necessary to navigate these intricacies and make sure that both parties enter the next chapter of their lives feeling comfortable with the conditions of their divorce.
If you are being confronted with a high asset divorce in California and are struggling to keep on top of the process, contact the experienced attorneys of Quinn & Dworakowski, LLP, today. We have years of experience scrutinizing every detail of high asset divorces to make sure our clients can receive a fair and equitable distribution of assets. Contact us today and see why others in the same situation have already trusted the family at Quinn & Dworakowski, LLP.
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