If you are a high net worth individual, or someone who owns a small or medium sized business; your divorce will certainly involve asset and debt identification, characterization of the assets and liabilities and the valuation of businesses owned or operated by either or both spouses.
When it comes to a divorce involving two individuals who have high net worth value, the process takes on a new level of difficulty. These circumstances involve a unique process that can be accomplished by sometimes obtaining a valuation of closely-held or family corporations and also structuring spousal support in a way that avoids recapture. Those couples who are undergoing high net worth divorces often require special attention, though, because of the added elements of the separation. There are not many divorce lawyers in Long Beach who can handle the unique elements that are found within a divorce of this nature. For that matter, there are not many divorce lawyers in Orange County or divorce lawyers in Los Angeles who are up to the task of executing a winning offense or defense in litigation of high net worth family law cases.
It doesn’t matter whether you are a C-Suite Executive in a multinational corporation defending yourself against fictional claims by your spouse, a self-made business owner fighting to keep your kids, or a celebrity in divorce proceedings. William D. Evans works hard to protect your valuables and assets. There are several elements that must be given attention, including:
- Family corporations or restricted stock that will have to be valued
- Non-marital assets, spendthrift trusts, and inheritances to be protected
- Maintenance of a business without interference from the ex-spouse
- Tax consequences of capital gains or capital loss carry-overs
- Spousal support and how it is structured to avoid recapture
- Presentation of equitable arguments in support of unequal distributions
The main factor of a high net worth divorce in California is property division between the divorcing couple. When there is much on the line, it is important to have your rights protected. If you are in the process of a high net worth divorce in California, William D. Evans can provide the essential tools to help you better understand your situation and what is at stake. The services of forensic accountants and other financial experts are utilized as necessary to assist in this process which frequently involves complex investments and hard-to-value assets like patents, licenses and intellectual property rights. The significance of tax consequences attributable to different marital property divisions and spousal support settlement scenarios must also be considered. The development and evaluation of the financial advantages and disadvantages of different settlement and litigation positions is a necessary strategy to obtain the best possible resolution of these issues. These situations are highly contested and require a lawyer with skill and experience.
Divorce in California is a serious process. There is the possibility that your divorce could be amicable. The safe bet is to discuss your options with a lawyer before jumping into a divorce battle, filing for divorce in California, or even threatening divorce. Without a plan of action, and superior team of legal expertise behind you, the results may not be in your favor.
If you are considering separation or divorce, and your case will be tried in any family law court Los Angeles; start a conversation with the best family law attorney Los Angeles. We have experience in all venues of family law in the local area; from Los Angeles courthouses to Orange County courthouses. Choose the Long Beach Attorneys you can trust, William D. Evans, APLC.
Remember, William D. Evans is not only a family law attorney…he teaches the law. As a professor in the field of family law, he is especially suited to handling your divorce in California.
William D. Evans offers a free 30-minute initial consultation. Call William D. Evans at (562) 439-9001 to discuss your options today.