Are you going through a high-net-worth divorce in Pasadena, California? Divorce is never easy, and emotions are almost always running high during this difficult time. You need an experienced divorce lawyer on your side who knows how to protect your rights during the complexities of a high-net-worth divorce.
The Graves Law Firm team has 20 years of experience helping clients through some of the most difficult times of their lives. Whether you need help protecting your assets or you need to get your fair share of the marital property, contact us today to speak to a Pasadena high-net-worth divorce lawyer at (626) 365-1037, we are ready to help.
How The Graves Law Firm Can Help With High-Net-Worth Divorce in Pasadena, CA
Divorces are difficult enough on their own. However, high-net-worth divorces present unique challenges that make things even tougher. Having an experienced Pasadena divorce lawyer on your side is even more important to help protect you and your assets.
Some ways that the Pasadena family lawyers at The Graves Law Firm can help you include:
- Answering all your questions and advising you of your legal rights
- Using experts, such as forensic accountants, who can help uncover all the marital assets
- Helping you gather evidence to support your claims
- Negotiating a settlement for the division of assets, property, and debts
- Taking your case to court and litigating fiercely to protect your interests
If you are a high-net-worth individual facing divorce, contact The Graves Law Firm today. We can help you through every detail of a high-net-worth divorce in Pasadena. Call us now to schedule a consultation with a Pasadena high-net-worth attorney who is ready to go to work for you.
Overview of High-Net-Worth Divorce
High-net-worth divorces can cause tempers to flare because both spouses are typically willing to fight harder to get their share of the assets. This means these types of divorces commonly take longer than traditional divorces. It can take longer to reach agreements about all the issues involved in the divorce.
Property Division in High-Net-Worth Divorces
Property division is often a major issue faced in high-net-worth divorces. In some cases, the couple may have acquired significant property during the marriage. Under California law, couples are entitled to split all marital or community property 50/50. However, separate property is not subject to being split during a divorce.
Questions often arise about whether property should be considered community property or separate property. The actual day of the split or separation often comes into question. An experienced Pasadena divorce attorney can help you protect any property you acquired either before the marriage or after your separation.
Dividing Financial and Retirement Assets
Property also includes financial and retirement accounts, such as savings accounts, IRAs, or 401(k)s. High-net-worth individuals may have millions of dollars in these accounts, so ensuring they are divided appropriately becomes extremely important.
Child Custody and Support Considerations
If children are involved in the divorce, child custody and child support become key issues. When determining custody, the court will consider the best interests of the child.
Some factors they may assess include:
- The financial position of each parent
- Each parent’s ability to love and care for the child
- Any history of child abuse or domestic violence
- Any history of substance abuse
- The child’s preference (in some cases)
Ultimately, the court aims to ensure a stable, supportive environment that promotes the child’s well-being and long-term development.
Spousal Support (Alimony) in High-Net-Worth Divorces
Spousal support, or alimony, can also be a sticking point in high-net-worth divorces. Often, one spouse may earn most of the income while the other spouse does not work.
A spouse might be entitled to significant spousal support after a divorce, and an experienced lawyer can help ensure that you get any alimony that you may be entitled to.
The Role of Prenuptial Agreements
High-net-worth divorces often involve prenuptial agreements. This is especially true when one spouse had significant wealth prior to the marriage.
Prenuptial agreements specify how assets and debts will be divided in the event of a divorce. These agreements are binding contracts, and a court will typically hold the parties to their terms as long as they are valid.
Mediation and Settlements
Even though many high-net-worth divorces end up being contested, the parties may still attempt to reach an agreement with each other. Mediation is a technique often used to help the parties reach an agreement and avoid a trial. Once an agreement is reached, the judge will usually approve it as long as it is not unreasonable.
Contact Our Pasadena High-Net-Worth Divorce Lawyers for a Free Consultation
If you are going through a divorce and significant wealth is involved, contact the experienced team at The Graves Law Firm today. Let us help evaluate your situation and determine the best path forward.
We will be with you every step of the way to help you through this situation so that you can move on with your life. Give us a call today to schedule a consultation with a Pasadena high-net-worth divorce attorney and let us put our experience to work for you.
Visit Our Family Law Office in Pasadena, CA
The Graves Law Firm
1055 E Colorado Blvd #500a, Pasadena, CA 91101
(626) 365-1037
