When it comes to divorce, the process can be complex and challenging. However, the proceedings can be even more complicated when high assets are involved. A high-asset divorce typically involves extensive financial assets that require a skilled attorney who understands the intricacies of property division, spousal support, and tax consequences.
1. High Net Worth:
A high net worth is the most apparent factor that qualifies for a high-asset divorce. This includes ownership of businesses, real estate investments, stocks, bonds, retirement accounts with significant balances, or other valuable assets such as art collections or luxury vehicles.
2. Multiple Properties:
If you own multiple properties, such as vacation homes or rental properties, that generate rental income. In that case, it can significantly increase your net worth and qualify for a high-asset divorce.
3. Professional Licenses:
If either spouse has professional licenses like medical degrees or law practices with a substantial clientele base and fees earned from their practice. In that case, it adds to the complexity of dividing income between spouses during divorce.
4. Retirement Accounts:
Retirement accounts like 401(k)s and IRAs are often overlooked by individuals going through a divorce. Still, they should be considered valuable assets since they represent years of savings accumulated over time.
5. Valuable Collections:
Antiques, art collections, or jewelry passed down in families are also considered valuable marital assets, requiring expert appraisal to determine their market value before being divided between spouses during the settlement process.
Roseville High Asset Divorce Lawyer
If you're navigating the complexities of a high-asset divorce in Roseville, CA, Bez Law Firm, P.C. is here to provide the expertise and support you need. Our experienced family law attorneys understand the unique challenges you face and are dedicated to protecting your financial interests. Whether it's valuing complex assets, negotiating child support and alimony, or safeguarding your business, we're here to help. Contact us at (916) 512-8944 or visit us at 8150 Sierra College Blvd., Suite 100, Roseville, CA, 95661, to schedule a consultation. Let us guide you toward a favorable outcome in your high-asset divorce.