Placer County High Asset Divorce Attorney
What You Should Know About Divorce in California
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
- High-value art or furnishings
- Cars, boats, or planes
- Property, including homes, apartments, condominiums, vacation property,
and investment real estate
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
- 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
Call us today at (916) 634-0067 to schedule a consultation. We welcome
clients from all across Sacramento and Placer County.
The experienced legal team at Myers Family Law is highly knowledgeable.
Contact Us at our Granite Bay office today! (916) 634-0067