Roseville High Asset Divorce Lawyer

If you and/or your spouse own a closely held business or professional practice, or were in a partnership together, then business division could play a significant role in your divorce case. This can be especially confusing in situations where one spouse started a business before the marriage, but then the other spouse worked on or contributed to the business over the course of the marriage.

Business valuators generally take the following approaches when they value a business: income-based approach, asset-based approach, and/or market-based approach. Whichever approach they take, they also take the following into consideration:

• The business’ profitability
• The goodwill of the business
• The tangible and intangible assets of the business

We understand the sensitive and complicated nature of these types of issues and can help.

Is California a Community Property State?

California is a community property state. This means that property acquired over the course of the marriage is subject to equal division in a California divorce. 

• This results in a division of equal assets in total, as opposed to equal division of each individual asset
•  For example, one spouse may be awarded the family home, retirement assets, deferred compensation or other assets while the other spouse receives the family business 

Valuation Methods for Business Assets in Divorce

One challenging aspect of business division is valuing a business and each party's interest in the business. Our Roseville high asset divorce attorney is sophisticated and experienced, and can utilize advanced methods to effectively evaluate businesses, estimating the economic worth a business as accurately as possible using a number of tools along with the contributions of financial experts.

Our firm is familiar with issues that occasionally occur in these cases such as:

• Cases of fraud on the part of the other spouse, requiring forensic accounting assistance
• Issues involving the concept of "double dipping," where a spouse is supposed to be awarded twice in asset distribution and then calculating alimony based on available income
• Standards of value including fair market value and fair value

Do High Net Worth Divorces Take Longer?

High asset divorces tend to take longer because of the complexities of the assets involved in the case. Evaluating the assets and determining how to divide them can be time consuming. A forensic accountant may be called in to track down any hidden assets. All these factors tend to make high net worth divorces take longer than a traditional divorce.

Tips for Navigating High Net Worth Divorces

1. Organize and gather all of your financial statements, assets, properties, and other accounts that you own.
2. Be honest about your assets and properties. Never try to hide or lie about assets because that can damage your credibility with the court.
3. Compromise when possible. When you decide to fight over every single item, this can cause delays in your divorce, increased hostility, and added legal expenses.
4. Hire an attorney. Your spouse will likely have one, so it is important that you are represented by someone who can advocate for your rights and interests.

Understanding the Unique Challenges of High Asset Divorce

A high-asset divorce comes with its own set of complexities and challenges that require specialized legal knowledge. At Bez Law Firm, P.C., we recognize that the stakes are often higher when significant assets are involved. It’s essential to navigate the legal landscape carefully to ensure that your rights are protected and that you receive a fair settlement.

Some unique factors to consider in high asset divorce cases include:

• Valuation of Assets: Determining the true value of businesses, investments, and properties may require expert appraisals and financial analysis.
• Tax Implications: Understanding the tax consequences of dividing assets can significantly affect your financial future; our team is well-versed in navigating these issues.
• Investment Accounts: Protection and division of various types of investment accounts and retirement plans require careful legal strategy to secure your entitlements.
• Spousal Support Considerations: High asset cases often involve complex calculations for alimony, factoring in lifestyle during the marriage and future financial needs.
• Confidentiality: Protecting your privacy is crucial in high-profile cases; we take measures to ensure sensitive information remains secure.

Having a knowledgeable attorney by your side can make all the difference. Our team at Bez Law Firm, P.C. is dedicated to providing personalized support and aggressive representation to help you achieve the best possible outcome for your high-asset divorce.

Why Choose Bez Law Firm for Your High Asset Divorce?

When facing a high asset divorce, it's crucial to have a legal team that understands the complexities involved. At Bez Law Firm, we pride ourselves on our extensive experience in handling high net worth cases, ensuring that your interests are safeguarded every step of the way. Here are several reasons why you should choose us as your trusted legal partner:

• Experience in Valuation of Assets: Navigating the division of complex assets requires a deep understanding of the valuation process. Our attorneys collaborate with financial experts to achieve a fair assessment of your assets, including properties, investments, and businesses.
• Tailored Legal Strategies: We understand that every divorce is unique. Our team works closely with you to create a personalized legal strategy that takes into account your specific needs, goals, and circumstances.
• Strong Negotiation Skills: High asset divorces often involve substantial negotiations. Our attorneys have a proven track record of negotiating favorable settlements, minimizing stress and allowing you to move forward with your life.
• Comprehensive Support: From initial consultations to the final settlement, we provide continuous support throughout the entire process. Our dedicated team keeps you informed and empowered to make decisions that are right for you.
• Commitment to Client Success: Your success is our priority. We are committed to achieving the best possible outcomes for our clients, ensuring you feel confident and secure during this challenging time.

Let Bez Law Firm be your advocate in navigating the complexities of a high asset divorce. Reach out to us today to schedule a consultation and discover how we can support you in achieving a favorable resolution.

Contact Bez Law Firm, P.C. for High Asset Divorce Solutions in Roseville!

Our firm offers the sophisticated tools and services necessary to handle challenging cases and to achieve results for our clients. We are here to help and support you with elite advocacy and advice tailored to your situation and your goals. Not all lawyers are equipped to handle high asset divorce cases.

Call a Roseville high asset divorce attorney at the Bez Law Firm, P.C. by dialing (916) 512-8944 for a consultation. Our lawyers serve Roseville, Rocklin, and all of Placer County.