One of the things that can make divorce more difficult for a couple is property division, particularly if at least one of the spouses is a high net worth individual. People of high net worth are people who have at least $1 million in liquid assets, meaning they can be converted to cash at any moment. These individuals also tend to have extremely complex financial portfolios. If spouses can’t agree on how to divide this extensive collection of assets, they might need to consult with an experienced mediator to help resolve the problem.
Our skilled Orange County divorce mediation attorney can help. Alternative Divorce Solutions is a firm founded on the idea that families should have access to an easier and more stress-free way to divorce. We can successfully and respectfully handle your case smoothly and without unnecessary stress and emotional discomfort.
Get started on your case by calling us at (949) 558-2624 or filling out our online form today.
California is a community property state, meaning any asset you shared with your spouse will be up for property division during a divorce. The only exception to this is if you had a prenuptial agreement specifying how the property would be divided in the event of a divorce. Separate property, or anything you acquired before the marriage or after the date of separation, is usually exempt from property division.
Part of what takes so long is a valuation of the various assets of one or both spouses. Businesses, investments, real estate, and stock options or intellectual property all must be valuated to determine their worth. Only after this is done can the property division process begin. Some couples hire a valuator to help price their assets, while others rely on forensic accountants to help find and total all assets of either or both spouses.
In a high net worth divorce, one of the spouses might hire a forensic accountant to speed up the process. This individual is trained to analyze, interpret, summarize, and present complex financial and business-related issues in a way that is both understandable and properly supported. They can also help find assets that may have been hidden by one spouse from the other for purposes of an affair or hiding assets during the divorce.
If you’re a high net worth individual seeking a divorce, don’t hesitate to talk to our skilled Orange County divorce mediation attorney. Alternative Divorce Solutions is a leader in the industry, offering a streamlined divorce process, and a discreet, manageable way to handle divorce. Our founding lawyer, Lani Baron, is a highly rated attorney who has been trained in mediation techniques and can help couples negotiate the complexities of dissolution. Let us see what we can do for you.
Contact us at (949) 558-2624 or fill out our online form to schedule your FREE case consultation today.