How a Divorce Lawyer Can Help Protect Your High-assets
June 23, 2021
BY: Lesnevich, Marzano-Lesnevich, O'Cathain & O'Cathain
High-asset Divorce Lawyer
Divorce is rarely an easy process to go through, and when your assets are at risk, the ordeal can become more stressful than it needs to be. If divorce is on the horizon, it’s important to be as proactive as you can as a lawyer, like a high-asset divorce lawyer in Modesto, CA from a law firm like AttorneyBernie.Com, can explain. Start protecting your non-marital assets as soon as possible.
Hire the Right Lawyer
Divorce lawyers are experts in navigating the complex financial processes of legal separations. Laws change from state to state, so hiring a local high-asset lawyer is the first step towards securing your assets. An expert will guide you step by step through the process, defend your claims to assets, and connect you to various accountants and appraisers.
Make an Inventory
It’s important that you generate an inventory of all property and belongings you obtained prior to the marriage. Any evidence of such acquisitions will help your standing. Generally, property such as vehicles or real estate is easier to prove ownership of since you can produce any financial records as evidence. However, any personal property such as gifts or family heirlooms may be more difficult to protect if you do not have written proof that the items are yours and yours alone. Whenever possible, obtain the names of those that gave you the gift and the date that you received it in written format. It will also be in your best interests to photograph anything you wish to claim prior to moving any property out of your joint residence. Photographs become useful in deliberations. Community property assets, or belongings that are shared between you and your partner, will also have to be identified and eventually negotiated. Include in your inventory a list of the community property assets you wish to claim and your divorce lawyer will do everything they can to help.
Hire an Appraiser
An appraiser’s job is to determine the value of all property. They determine the value based on the fair market value of each piece of property, particularly any disputed items. The appraisal is a necessary part of the process so that the division of property is fair. Ask your divorce lawyer for a good recommendation.
Ideally, your high-asset lawyer will advise mediation. Emotions tend to run high during divorces, and taking the issues to court often results in an ugly, drawn-out process. Mediation is a cheaper option and a calmer setting, where negotiations are more likely to be fair. Ask your lawyer how mediations are run and how best to ensure you maintain ownership of your assets. Contact one today.