Mountain View High-Asset Divorce Lawyer
You and your spouse may have acquired significant earnings, assets and property during your marriage over the years. Unfortunately, this can make for a complicated divorce process. You may be at risk of significant economic losses during a high-asset divorce case in California. A Mountain View high-asset divorce lawyer can represent you to protect your rights and improve the chances of a positive case outcome. Contact Schoenberg Family Law Group for a consultation with our Mountain View family attorneys today.
What Is a High-Asset Divorce?
A high-asset divorce describes the dissolution of a marriage between two people who have acquired valuable properties and assets during their union. Any couple that has a complex marital estate with mixed types of properties and high-value items will need to pay attention to special considerations during a divorce. High-value assets can refer to many different types of belongings acquired throughout a marriage.
- Valuable items or collectibles, such as automobiles and artwork.
- Expensive electronics.
- Jewelry and family heirlooms.
- High-value real or personal property.
- A jointly-owned business.
- Complex investments, such as retirement accounts or 401(k)s.
- Intangible assets, such as intellectual property.
A high-asset divorce entails a complicated financial network between you and your spouse. Before you begin the divorce process, you will need to fully evaluate and understand your financial situation, as well as obtain the required financial documents for your case. A lawyer can help you obtain copies of financial records and successfully navigate the complexities of your high-asset divorce case in Mountain View.
How Do the California Courts Handle High-Asset Divorce Cases in Mountain View?
California uses an uncommon law to handle property division during divorce cases community property law. Under this law, a judge in California will divide all community property down the middle, regardless of whether this will be fair or equitable for each spouse. This process differs from that in equitable division states, in which a judge will divide property and debts based on what is fair for each spouse according to the specific situation.
If your divorce case goes to trial in California, a judge will divide everything in half, giving 50% to you and 50% to your spouse, even if you were the main earner during your marriage. It is even more important to hire an attorney to protect your rights if you own valuable assets as part of community property. A lawyer can increase the odds of achieving a settlement with your spouse and avoiding a trial, leaving you in control of the division of your high-value assets.
Prenuptial and Postnuptial Agreements With High-Asset Divorces in Mountain View
One of the most common ways individuals protect themselves during high-asset divorces is with prenuptial and postnuptial agreements. These are legally binding documents in which a couple agrees to divide assets and debts a certain way should the marriage end in divorce. If a divorce does occur, the courts will uphold the terms of a valid prenuptial or postnuptial agreement — allowing you to arrange a settlement outside of California’s 50/50 division law. Working with a family lawyer from the beginning of your marriage can help you protect your high-value assets using tools such as prenups and postnups.
Contact a Mountain View High-Asset Divorce Lawyer Today
You do not have to navigate California’s property division laws alone — nor should you if you have a high-asset divorce. There is too much at stake to risk representing yourself during divorce mediation, or a trial. A lawyer can handle critical tasks on your behalf, such as filing complicated paperwork, gathering financial documents, representing you during mediation, dividing a family business, working through tax considerations and going to trial.
Hire a divorce attorney to help you protect your rights and increase the probability of a successful settlement in Mountain View, California. Contact Schoenberg Family Law Group using our online form or by calling (415) 213-2651 to speak to a high-asset divorce lawyer about your situation.