High-asset divorces have issues that are more nuanced and complicated than those of a traditional divorce. In addition to tracing all assets, one must understand the issues involved with valuation. In the case of highly compensated executives who are paid based on performance points or deferred compensation packages, it is often necessary to have an expert understanding of how these assets operate, particularly if and when they are cashed out.
Likewise, professionals with their own practice have valuation issues – accounts receivable and salary cannot both be considered for compensation. Additionally, it is impossible to sell a reputation so further issues arise.
Issues become further complicated when it comes to real estate and bank accounts. If portions of a house are added after marriage, then a portion may be considered marital property, even if it was obtained before marriage. The same goes with commingling funds.
If you are working through complex or high-asset divorce, it is critical to reach out to a skilled legal firm to protect your financial well-being.
Our attorneys at Hartley Lamas Et Al can help you work through divorce and property division issues, including:
As necessary, we can reach out to our network of financial experts to help you value all assets to work toward the most equitable outcome. We encourage you to get in touch as soon as possible.
To get in touch and schedule an initial consultation to discuss business valuation, retirement assets and asset protection with one of our Ventura, California, high-asset divorce lawyers, call 805-919-8346 or email the firm.