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Any divorcing couple in Pasadena, Glendale, or elsewhere in California faces immense challenges when dividing the assets accumulated over the course of their marriage. But the challenges seem to increase exponentially in a high asset divorce. Anyone in this situation needs the help of divorce lawyers with extensive experience and resources to help ensure fair treatment during negotiated settlements or contested courtroom trials.
Determining the value of property
Naturally, you need a detailed inventory of all community property within the marriage. This includes everything, including real estate, buildings, personal property, vehicles, and even a family business. Without an accurate valuation of all property, you cannot expect a fair divorce settlement. Experienced divorce attorneys may have the ability to accurately assess some items, but they commonly enlist the aid of professional appraisers who can determine the value of anything from real estate to artwork and antiques.
You can help your own case by following advice offered by ElectronicAppraiser.com, one of many companies that offer advice and appraisal assistance throughout the US.
Ensuring an accurate accounting of assets
The decision to divorce typically follows an extended period of marital difficulty. Particularly when the stakes are high or when a successful family business is part of the mix, spouses have plenty of time to conceal valuable assets until after the divorce settlement. A skilled Glendale or Pasadena divorce attorney must make the effort to obtain the financial records of the opposing spouse and often enlists the aid of forensic accounting experts who can unravel complex records and uncover all hidden assets so that they are included in negotiations or the courtroom.
Obtaining fair settlement for family businesses
The existence of a family business typically doubles the details of settlement issues. A Pasadena divorce attorney may need to rely on a team of business management and accounting experts to identify the current value of the business—and predict the future anticipated profits. Since only one spouse typically retains the business after divorce, any settlement must include allowances for lost future profits for the other spouse.
Skills and Resources Can Make a Difference to the Futures of our Clients
In addition to in-house expertise, our divorce attorneys utilize a network of experienced financial specialists as needed to help unravel the intricate details behind high value estates. Call the Law Offices of Donald P. Schweitzer in Pasadena at 866-477-4485 for professional advice and representation regarding the financial issues that affect your future and the lives of your children.
