The division of marital property in high asset divorce cases can be complicated. First, in California, community property includes assets and property acquired over the course of a marriage. As a result, equity earned on a home or business brought into a marriage is classified as marital property.
Secondly, in dividing marital property, California is an ” equitable division” state. This does not mean property is divided 50-50 between the parties; rather, marital property is apportioned equally “in kind”. For example, if one spouse receives the family home, the other might receive the couple’s cabin on Lake Tahoe if it is deemed to be of equal value. As a result, determining the value of assets and property in high asset divorce cases can be complicated and contentious.
At the Law Office of Lori Clark Viviano, our attorneys work with CPAs, forensic accountants, and business and home appraisers in protecting our client’s interests and rights in high asset divorce cases.
If your financial, property, or business holdings are substantial, contact divorce attorneys at the Law Office of Lori Clark Viviano today if you’re facing divorce or thinking of filing for divorce. We can evaluate your situation and begin the process of protecting your interests.
High Asset Divorce and what is Subject to Division
Working with experienced financial experts, accountants, and business appraisers, our attorneys represent clients in regard to the following:
- Moore-Marsden home equity issues
- Qualified Domestic Relations Orders
- Reservation of Jurisdiction
- Division of assets involving closely held businesses
- Division of stock portfolios
- Division of real estate investments
Mediation and Collaborative Divorce
If both parties are agreeable to the idea, mediation may be the most effective means for protecting and maintaining your interests. Mediation and collaborative law allows the parties involved to arrive at mutually agreeable terms for dividing marital assets, arranging child custody or visitation, and resolving a host of other issues.
This avoids going to court and having a judge impose terms neither party finds satisfactory. And, while the final terms agreed to are subject to approval by the court, mediation allows you and your spouse to decide what makes the most sense for you and your children while taking steps to prepare for life after divorce.
Contact Divorce Attorneys at the Law Office of Lori Clark Viviano Today
High asset divorce cases can be complicated. Our attorneys have the resources and knowledge needed to help you avoid unnecessary complications while protect you and your children’s rights and interests. To schedule an appointment to discuss your case, contact divorce lawyers at the Law Office of Lori Clark Viviano today.