Riverside High Asset Divorce Lawyer

Riverside High Asset Divorce Attorney

If you or someone you know is going through a divorce or expecting to go through a divorce soon, you should consider contacting a Riverside high-asset divorce lawyer. A lawyer can be a great resource to lean on during a divorce, especially if there are considerable assets to be divided. An attorney can review the details of the divorce documents and help spouses come to agreements on critical issues. Your divorce may go smoother with the help of an experienced divorce lawyer.

Common Issues in High Asset Divorces

High net worth divorces are usually more complicated because of the amount of assets involved. Both spouses will likely make their own arguments as to why they should keep certain assets. These divorces necessitate the need for a knowledgeable family law attorney. Some common issues that can arise during these kinds of cases are:

• Asset identification. When it comes to assets, the first step is to identify them. One of the main issues is identifying property as either community property or separate property. Other factors to consider are if the assets were identified in a prenuptial or postnuptial agreement or if they were inherited by one of the spouses. It also needs to be determined if the assets were owned before the marriage or after the marriage.
• Asset valuation. Valuing the assets is perhaps the most complicated part of the high asset divorce process. Appraisers and professional evaluators will often need to be brought in to value specific assets. Assets such as artwork, collectibles, or personal property can be tricky to properly value. Real estate and automobiles are assets that also need to be valued, and all of this can take considerable time.
• Tax consequences. A high-asset divorce can trigger a litany of tax consequences. An attorney or CPA should be engaged to help sort through the legalities. Property distribution can affect your taxes, so it’s important to make sure it’s done correctly.
• It’s common for high-asset divorces to have some kind of alimony arrangement. In many cases, the financially dependent spouse is awarded spousal support payments from the breadwinning spouse. This support is not always intended to last forever, and it can be more of a means to help one spouse until they can become financially independent or other circumstances change. However, every divorce is different.

You can expect each of these issues and more to come up as you move through the divorce process. It would be wise to engage a divorce lawyer for help in your case. A lawyer in Riverside will have experience dealing with each of these issues and will know how to properly navigate them on your behalf.

FAQs About Riverside, CA High Asset Divorce Laws

How Much Does a Divorce Lawyer Cost in California?

The cost of a divorce lawyer in California depends on the details and complexity of the divorce. Generally speaking, the more complex the divorce case is, the more it may cost for the lawyer’s services. Divorces can become more complicated as the amount of assets and property involved rises, as each asset will incur additional work by the attorney. Some attorneys charge an hourly fee, while some may charge a flat fee. You should discuss fees at the time of your first consultation with a divorce lawyer.

What If I Can’t Afford a Divorce Lawyer in Riverside?

If you cannot afford a divorce lawyer in California, but the other spouse can, you can request an order from the court asking the spouse to pay the fees for your attorney. The court will consider your financial status and those of your spouse. If the attorney costs more than the court originally ordered, you can go back and petition for additional money.

How Can I Protect My Assets in a Divorce in California?

There are a few ways to protect your assets in a divorce in California. One common way is through a prenuptial or postnuptial agreement. These agreements can be written with the help of a lawyer. Another way to protect your assets is through a trust. A trust can be created, and assets can be placed in it to protect them if a divorce occurs. A knowledgeable high-asset divorce lawyer can help with all of these.

How Long Does a Divorce Take in Riverside, CA?

The length of a divorce in California will depend on a multitude of factors. One important factor is whether the divorce is contested or uncontested. Uncontested divorces can be resolved much quicker than contested ones. There are several other factors that can influence the length of the divorce process. Divorcing spouses have to work out child support, child custody, alimony, and asset division, among other things, before the divorce can be finalized. A family lawyer can help resolve your divorce case.

Do I Need a Divorce Lawyer for a Divorce in California?

While you are not legally required to have a divorce lawyer for a divorce in California, it is highly recommended. A lawyer can help you through every stage of the divorce process. Understanding the complexities of divorce can be challenging without a qualified lawyer on your side. A lawyer can take the lead in negotiating with your spouse. It’s likely that your spouse will have legal counsel on their side, so you should, too. Contact an attorney today for help.

A Legal Team That Can Help

A divorce is an incredibly challenging process. Divorces can have a physical, mental, and emotionally draining impact on everyone involved. Emotions can run especially high if there is a substantial amount of assets involved. A high net-worth divorce almost always requires an experienced divorce lawyer to sort it out. Whether it’s assets that need to be identified and valued or other issues that need to be resolved, a lawyer can help.

At the Edgar & Dow, our legal team is ready and able to help you. We have supported countless California residents with their divorces and family legal matters. We pride ourselves on helping clients find the legal solutions they need. Our team understands the intricacies of California law, and we can help you explore all your legal options. With our team working for you, you can trust you’re getting the quality legal support you deserve. Contact us today for legal help.