Anaheim High Asset Divorce Lawyer

Anaheim High Asset Divorce Attorney

Navigating a divorce is challenging and complex for any individual, but adding high assets and wealth can further complicate the process. An Anaheim high-asset divorce lawyer from the Edgar & Dow can provide the legal advice and support you need at this time. Whether you are worried about future financial planning after the divorce or want to protect your business from division, a trusted lawyer can work with you to protect your interests.

California Divorce Laws to Consider in High-Asset Divorces

When navigating a high-asset divorce in California, you should have an understanding of a few key laws and legal principles. Considering these laws and principles, you can actively protect your interests and work towards a fair settlement.

California is a community property state, meaning the assets and debts acquired during the marriage are typically considered jointly owned and divided upon divorce. This can include income, real estate, investments, and retirement accounts accrued during the marriage. Knowing the difference between community and separate property is essential for protecting personal property.

Spousal support is a financial consideration in a high-asset divorce that you should be educated on as it can greatly impact you after divorce. While this is not automatically granted during divorce, it may be considered in your situation if you’ve had a long marriage or if there is a large disparity between both spouses’ income and other relevant factors that impact the standard of living.

If you and your divorced spouse have a legal agreement about how your finances will be handled in divorce, such as a prenuptial or postnuptial agreement, the terms of these agreements must be followed. Courts will generally enforce these agreements, so it is essential that you review them with your attorney to understand their implications.

Given the complexities involved in high-asset divorces, it is essential to work with a trusted lawyer who can work to see that your rights are protected and that you achieve a fair settlement. Understanding California-specific laws can help you make informed decisions and be adequately prepared for your divorce process.

How to Prepare for a Meeting With a High-Asset Divorce Lawyer

It is helpful to properly prepare for your initial meeting with a high-asset divorce lawyer to make the most of your consultation and ultimately receive accurate guidance and advice in your unique situation. Below is a list of steps that can help you adequately prepare for the meeting:

• Gather Relevant Documents: It is helpful to gather and prepare all of your relevant financial documents so your lawyer can understand the assets you will be working on within the divorce process. This can include tax returns, bank statements, investment account statements, retirement account statements, business financial records, property deeds, mortgage statements, debt information, and anything else that may be relevant to your case.
• List your Assets and Liabilities: Create a detailed list of all your and your spouse’s assets and liabilities. Include the assets and liabilities you acquired before and during the marriage. This can include items like real estate properties, vehicles, debts, loans, and credit cards.
• Know Your Goals and Concerns: Know your financial goals and concerns in your divorce, and be prepared to discuss them with your lawyer so they understand how to move forward in protecting your interests.
• Be Honest: Ultimately, it is important to be honest with your lawyer. Honesty is critical for your lawyer to be able to do their job well and provide solid advice and representation.

FAQs About Anaheim, CA High Asset Divorce Laws

How Much Does It Cost to Get a Divorce if Both Parties Agree in California?

The cost of getting a divorce in California if both parties agree, also called an uncontested divorce, can vary depending on several factors. Since both parties agree, the process will generally be less expensive and faster than a contested divorce where there are many disagreements. There are court filing fees for the divorce that will contribute to the overall cost. Even with total agreement, it is advisable to get legal counsel, which will add to the costs.

How Long Can a Spouse Drag Out a Divorce in California?

How long a spouse can drag out a divorce in Anaheim depends, but there are legal mechanisms in place to help prevent indefinite delays. If you are dealing with a spouse who is delaying your divorce, you can speak with a divorce lawyer who can help you navigate these challenges and keep the process on track.

What Is the 10-year California Divorce Rule?

The 10-year rule in California divorce law refers to the length of a marriage, which can impact the divorce proceedings, specifically for different financial considerations such as spousal support, also called alimony. A marriage that has lasted ten years or more is generally considered a long-duration marriage and may be treated differently within the court system.

Is My Wife Entitled to Half of My Business if We Get Divorced in California?

Whether your wife is entitled to half of your business if you get a divorce in California depends on several factors. These can include when your business was established, whether your spouse contributed to it, and its growth during the time you’ve been married. California’s community property laws seek to see that marital assets are divided in a fair manner, which can impact how your business is divided during divorce.

Do You Need a Lawyer When You Have High Income During a Divorce?

Yes, you do need a lawyer if you have high income and assets during the divorce process. While it is not a strict legal requirement, having legal representation can be particularly beneficial when you are dealing with high incomes and high amounts of assets. Lawyers can provide solid guidance, negotiate fair terms on your behalf, and see that your interests are protected throughout the process.

Speak With a Local Anaheim High Asset Divorce Lawyer Today

As you work toward securing fair terms in your divorce, consider partnering with a high-asset divorce lawyer from the Edgar & Dow to strengthen your financial protection at this time. Set up a consultation today and learn how our team can support you in your high-asset divorce. Do not hesitate or delay in seeking legal support. You deserve to adequately position yourself in your divorce to fight for your rights and financial goals.