Murrieta High Asset Divorce Lawyer

Murrieta High Asset Divorce Attorney

Speak with a Murrieta high-asset divorce lawyer immediately if you need help with a divorce with a substantial net worth. In any divorce, spouses are most concerned with protecting the property they’ve worked hard to acquire. You often wonder how much of your property will have to go to the other spouse when the filing happens. Speaking with a family lawyer experienced in high-asset divorces can be necessary to prepare you for your divorce proceeding. Don’t wait; speak with a family lawyer today.

Steps for Filing a High Asset Divorce in Murrieta

High-asset divorces are not easy. They are often some of the most complicated types of divorces, as they can bring out emotions and drag on for months. Some important steps you can take to make the divorce process as smooth as possible are:

• Getting a highly reputable attorney. High-asset divorces can have financial and legal implications that will be felt for a long time. Whether your case can be settled through mediation or through trial, you will need the support of an experienced attorney. Having someone on your side representing your interests can be critical.
• Organize your finances. Carefully examine all your accounts. This includes bank, brokerage, retirement, and investment accounts. Gather tax returns, credit card statements, vehicle titles, and anything else potentially relevant to your finances. Having this information on hand can help you prepare for the divorce.
• Create a plan. Having a plan in place for the future is crucial. A divorce may mean you need to create a new budget or find alternative housing. If you have children involved, you need to consider their needs as well. An attorney in Murrieta can help you review your situation and create a suitable plan for you.

Requirements for Divorce in California

There are a few key requirements for a divorce in California that residents should be aware of.

• Six-month residency. Either you or your spouse must have been a California resident for at least six months.
• County resident. Either you or your spouse must be a resident of the county in which you file.

Is It Good to Tell My Spouse About My Plan for Divorce?

It can be a good idea to discuss your plans for divorce with your spouse, as it can be helpful for each of you to get on the same page. If spouses can come to fair agreements on certain items like child custody, property distribution, and spousal support, it can expedite the divorce process. Generally speaking, it may be better to communicate with your spouse and be as transparent as possible.

FAQs About Murrieta, CA High Asset Divorce Laws

Can One Spouse Refuse Divorce in California?

No, one spouse cannot legally prevent a divorce from occurring in California. While a spouse can refuse to sign the divorce papers or participate in the process, they cannot stop the divorce. If you have a spouse who refuses to sign the divorce papers, you can request a default divorce. This allows the court to enter a judgment without your spouse’s input. There’s only a certain amount of time to respond before the process moves on without them.

Is California a 50/50 Divorce State?

Yes, California is a 50/50 divorce state. This means all assets and liabilities that were acquired during the marriage are considered to be equally owned by each spouse. This is the community property law in California. It is a way of maintaining fair and equitable property distribution during a divorce. This law can apply to all property types, including but not limited to real estate, bank accounts, vehicles, collectibles, and personal property. It can also include credit card debt and loans.

Does California Have a 10-Year Marriage Rule?

California does have a “10 year marriage rule.” California defines long-term marriages as those that last at least 10 years. The duration of the marriage is important in the divorce proceeding. The duration can affect critical elements like child custody, the amount and duration of child support, and spousal support payments. For example, long-term marriages that end in divorce could lead to greater spousal support payments, and they could make for longer durations.

Who Gets the House in a Divorce in California?

There are several factors to consider when determining who gets the house in a divorce in California. One factor is if the house is community property or separate property. In many cases, the house is considered community property, which means each spouse is entitled to a portion of the home’s value. Who exactly gets ownership of the house depends on the specific circumstances of the case and the agreement spouses can come to. A divorce lawyer may be necessary to help negotiate ownership.

What Kind of Fee Does a Divorce Lawyer Charge in Murrieta?

Divorce lawyers in Murrieta can charge different types of fees. While some lawyers charge an hourly fee, some may charge a flat fee or a retainer fee. The fee usually depends on the lawyer’s experience. The amount of legal services required will also be a factor in the fee arrangement. Generally, the more complicated the divorce is with large assets, child custody issues, and disagreement, the more it will cost.

The Edgar & Dow: A Legal Team Ready to Serve You

A divorce is a stressful and overwhelming process, especially when there are several assets involved. Spouses going through divorces are often filled with several critical questions they need answered. It can be challenging to navigate the California divorce process on your own. For divorces that have many assets involved, it’s critical that an experienced legal professional is involved from the beginning,

At the Edgar & Dow, our legal team has the experience and acumen necessary to help you find the result you deserve. Our team understands that protecting your assets is important for your future. We have successfully represented countless California residents, and we are ready to help you as well. With our support and legal resources, you can trust that you’re getting the quality legal representation you rightfully deserve. Contact us at one of our offices today for the help you need.