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Zonder Family Law Group specializes in working with clients who have accumulated wealth during their marriage. Many of those we have guided through the high worth divorce process are business owners, corporate and entertainment executives, and other high-net-worth families. Like you, they were faced with the complexities and intricacies that come with high-asset dissolutions.
The expert team at ZFLG serves as your Divorce Quarterback by making sure you have the right team of professionals in place to guide you through your divorce. As a professional, you know the value of having a strong team in your business. Utilizing a team in your divorce will offer a coordinated, streamlined approach to your case – thereby increasing the chances of a successful outcome and, ultimately, reducing time and costs.
Your team, led by your Divorce Quarterback, will help you navigate the many issues that can arise in high-asset divorces. Below are just a few of the issues where this type of help is critically important.
If you are like many other people who are of high net worth, you may have your assets in different forms of holdings and in many different locations. Therefore, one of the most time-consuming steps in this process is making sure that all of these assets are properly disclosed and valued. This may require the help of high-asset divorce lawyers and financial professionals who will make sure that the property division/asset division is handled properly.
Unfortunately, there are also many situations that arise that involve one or even both of the spouses attempting to hide their separate property and assets that they do not want to be included in the marital estate. Some of these instances involve the honest belief that a particular asset is not part of the marital estate, but failing to disclose it can be a serious problem. Therefore, when it’s suspected that assets are being hidden by a spouse, a high net worth divorce attorney can work with forensic accountants to locate these assets.
Many California high asset divorce cases involve either the total or the partial ownership interest in a business by one or both of the spouses. When this situation arises, the ownership interest needs to have a value placed upon it so that it can be applied to the marital estate for the purpose of equitable asset distribution. Experts may be needed to perform this function such that both spouses can benefit from the value of that ownership under the standards set out by California law. ZFLG law office regularly partners with business valuation experts so that our California clients’ businesses are properly valued.
Many people who are of high net worth are public figures of one sort or another. Therefore, news regarding their high asset divorce could be harmful to their business interests and their personal reputations, particularly if a divorce of this nature becomes nasty in the eyes of the public. High asset divorce lawyers who have handled these cases in the past understand this reality and work with the parties involved in an effort to keep the process as discreet as possible. ZFLG’s high net worth divorce lawyer routinely uses private judges and other out-of-court arbitrators so that your privacy remains intact throughout the divorce process.
In High Net Worth Divorces, ZFLG serves our clients as their Divorce Quarterback. We help you assemble a team of professionals who will holistically assess your case and guide you through the process. Our high net worth divorce attorneys endeavor to keep our clients out of court – whenever possible – and specialize in creating custom settlements designed to help you move forward to a good life after divorce.
Many individuals experiencing a complex and/or high-asset divorce feel overwhelmed and, as a result, may make several big mistakes in handling their own case. Typically, these divorces take too long, cost an exorbitant amount, and require the involvement of several professionals in various fields. Divorce is not simply a legal process. It impacts one’s finances, emotions, spiritual wellness, and relationships as well. Nowhere is that more apparent than in complex divorces.
Mistake #1: Asking those in your “best friend circle” who have been through a divorce for their advice.
Mistake #2: Looking to your family members (parents and/or siblings) for their input and guidance.
Mistake #3: Expecting that the judge or mediator will “have your back.”
Cost or “price tag” for these mistakes:
Utilizing a divorce consultant or coach in a high-net-worth case can be an invaluable strategy to minimize the “collateral damage” a divorce may create. Your divorce consultant/coach can collaborate with the divorce team you already have in place – typically your attorney, forensic accountant, and financial advisors. Your divorce coach will work closely with you to equip you with resources to effectively communicate with your team, ensure you make informed decisions, and efficiently utilize the resources your professionals provide.
With a divorce coach or consultant by your side, you’ll feel empowered and encouraged to find your own best solutions and path forward.
This information is provided for general educational purposes only. It is not intended as specific legal advice for any particular divorce case.
For more specific information, please call Zonder Family Law Group’s high net worth divorce attorneys in California for a consultation at 818-877-0001. ZFLG law firm is deeply committed to helping clients resolve their family law cases in a cooperative and collaborative manner.