High Asset Divorce Attorney In Inglewood, CA
Going through a divorce is an emotional and stressful experience for anyone, and when you have a large amount of high-value assets, the situation can become even more complex. If you’re going through a high-asset divorce in Inglewood, it’s crucial that you work with an experienced Inglewood high-asset divorce lawyer who can ensure your assets and interests are protected throughout the property division process.
How Kramer & Zitser, LLP, Can Help
When it comes to navigating a high asset divorce, you need an Inglewood family lawyer who can not only help you understand your options but also protect your assets strategically. Because high asset divorces can significantly impact your future finances, working with an experienced attorney who has knowledge of local divorce laws and family courts is imperative. You can trust the dedicated senior attorneys at Kramer & Zitser, LLP, to help you protect your assets.
In addition to protecting your wealth, uncovering hidden assets, and navigating complex financial portfolios during your divorce, Kramer & Zitser, LLP, can also protect your rights and manage high-stakes issues such as business valuations and tax implications. Our senior attorneys share decades of comprehensive family law experience and are prepared to put that knowledge to use during your Inglewood divorce.
What Is a High-Asset Divorce in Inglewood?
A high asset divorce in Inglewood is a unique form of divorce that involves extensive wealth or complex, high-value assets. The legal process is still the same as the average divorce, and ultimately dissolves a marriage. However, high asset divorces involve more in-depth financial investigations and valuations to ensure the property division process is performed fairly.
In California, high asset divorces generally occur when a couple’s net worth exceeds $1 million and includes complex financial portfolios, multiple incomes, and significant investments or real estate. These cases are characterized by the need to value and divide complex assets such as business interests, stock options, and retirement accounts. Although divorce is seemingly less common among wealthier couples, it is still a frequent occurrence across the state of California.
Understanding Property Division in a High-Asset Divorce in Inglewood
California is a community property state, meaning all assets and debts acquired between the date of marriage and the date of separation must generally be divided 50/50. In a high asset divorce, dividing property becomes complicated quickly, as high-value assets such as businesses, real estate, and investments can be difficult to divide. If you’re going through a high-asset divorce in Inglewood, it’s crucial that you hire an Inglewood property division lawyer who can ensure you receive the assets you’re owed.
It’s important to note that separate property cannot be divided during your divorce. Separate property can include any assets you owned prior to the marriage, as well as assets you received through gifts or inheritances. An experienced divorce lawyer in Inglewood can help you identify all pieces of separate property during your Inglewood divorce and ensure your separate assets stay away from the property division process.
Divorce matters in Inglewood, California, are typically handled through the Los Angeles Superior Court, with hearings typically held at the Inglewood Courthouse. Our attorneys share in-depth experience navigating cases throughout these facilities and can represent you confidently throughout your proceedings.
Common Assets Involved in Inglewood High Asset Divorces
Property involved in high asset divorces is generally of great value and may be difficult to divide in half. Understanding common assets that are divided in high-value divorces is important to ensure your interests are protected and that you receive the assets you’re rightfully owed. The senior attorneys at Kramer & Zitser, LLP, can help you identify and value all marital assets in your Inglewood divorce, advocating for your interests along the way.
The following are common assets involved in Inglewood high asset divorces:
- The family home
- Vacation homes, other pieces of real estate, or real estate investments
- Cars, boats, and other shared vehicles
- Business interests
- Financial investments
- Retirement accounts
- Furniture
- Jewelry
- Art
Why Should You Hire a High-Asset Divorce Lawyer in Inglewood?
Hiring an Inglewood high asset divorce attorney is crucial in ensuring your marital assets are protected and divided properly. At Kramer & Zitser, LLP, our experienced divorce lawyers share decades of legal experience and understand common tactics used by spouses trying to hide or misvalue marital assets.
In addition to helping you understand your rights and protecting your interests throughout your case, we can also help you identify hidden assets, minimize tax liabilities, and represent you in court.
FAQs
What Assets Cannot Be Split in an Inglewood Divorce?
All divorces in Inglewood must adhere to California’s community property laws. This means that your local court cannot divide your separate property. This includes assets acquired before the marriage, gifts or inheritances received individually during the marriage, and assets acquired after the date of separation. These items are protected, provided they are not commingled with community property. A lawyer can help identify and fiercely protect your separate property.
When Should You Hire a High-Asset Divorce Lawyer in Inglewood?
If you are contemplating filing for divorce or were just served papers from your spouse, you should hire a skilled high-asset divorce lawyer immediately. Because high-value divorces involve large amounts of wealth and complex assets, retaining legal counsel early ensures your interests stay protected throughout your case. The sooner you hire a high asset divorce lawyer, the sooner they can begin identifying, valuing, and protecting your assets.
What Should You Do If Your Spouse Is Hiding Assets During Your Divorce in Inglewood?
If you believe your spouse is hiding or undervaluing assets during your divorce in Inglewood, you should let your lawyer know immediately. During the discovery phase of your case, you and your lawyer have the right to request financial disclosures from your spouse. It is illegal to hide communal assets during a divorce, and your lawyer can help to ensure this does not happen.
When Is a Divorce Considered High Asset in Inglewood?
Because many couples in California share large amounts of wealth, investments, and assets, many divorces are referred to as “high asset.” Generally, a divorce in Inglewood is considered a high asset divorce when a couple shares a net worth over $1 million, or they hold complex assets and investments that exceed that amount. You should hire a high asset divorce lawyer in Inglewood to ensure your interests are protected during the property division process.
Contact Kramer & Zitser, LLP, Today
At Kramer & Zitser, LLP, our senior Inglewood high-asset divorce lawyers understand how to protect your rights and assets fiercely throughout the divorce process. Our in-depth knowledge of California divorce laws and local courtroom operations gives us an edge during negotiations and litigation. Contact us to schedule your initial consultation today.
