A Huntington Beach Attorney Advocating For You During High-Asset Divorce
Last updated on August 13, 2024
Property division is often one of the most difficult concerns divorcing couples must address. These challenges become even more onerous when a couple has built significant wealth or purchased valuable assets during their marriage.
Attorney Denise Furubotten and her team at Furubotten Law, APC, understand just how much is at stake in high net worth divorces. Denise has worked with clients to determine the fate of complex multimillion-dollar estates and has the skill and experience necessary to help you face the challenges of divorce. Whether enlisting the help of experts to properly value your property or fighting for your interests in court, she is prepared to tenaciously defend your interests as you end your marriage.
Understanding Community Property Laws In California
In California, community property laws require that all assets and debts acquired during the marriage be divided equally between the spouses upon divorce. This rule extends to a wide array of assets including real estate, investments, business interests, retirement accounts and valuable personal property. In high net worth divorces, these divisions can be particularly intricate, as the stakes are significantly higher and the assets more complex.
Furubotten Law, APC, brings a wealth of experience to the table, guiding clients through the often challenging process of asset division. The meticulous approach begins with a comprehensive assessment of all marital assets. This includes not only obvious holdings like real estate and vehicles but also more nuanced assets such as deferred compensation plans, stock options and intellectual property.
Furubotten Law, APC, collaborates with top-tier financial professionals, including forensic accountants and appraisers, to make sure that every asset is thoroughly evaluated. This rigorous process is designed to safeguard your financial future so that you receive an equitable share of the marital estate.
Protecting Your Privacy In High Net Worth Divorces
Privacy is a critical concern in high net worth divorces, where significant assets and public profiles can attract unwanted attention. Furubotten Law, APC, understands the importance of discretion and prioritizes your privacy throughout the legal process. Whether it involves safeguarding sensitive financial information or managing the potential public exposure of your case, Furubotten Law, APC, is committed to handling your divorce with the highest level of confidentiality.
Recognizing the unique pressures faced by high net worth individuals, Furubotten Law, APC, offers personalized legal strategies designed not only to secure favorable outcomes but also to protect your well-being and reputation. From private negotiations to necessary court representation, Furubotten Law, APC, provides the legal knowledge and discretion required to handle the complexities of your divorce while maintaining your privacy and peace of mind.
By combining a thorough knowledge of California’s community property laws with a commitment to client confidentiality, Furubotten Law, APC, offers comprehensive support throughout your high net worth divorce, making sure that your rights are protected and your privacy is respected.
What Is Considered High Net Worth?
While what makes a person wealthy varies depending on where you live, high net worth is generally defined as having $1 million or more in liquid assets. Valuable assets that couples may have to consider in a high net worth divorce include:
- Real estate, including the couple’s marital residence, vacation homes and any real estate investments that either has made during the marriage
- Closely held businesses or interest in a company
- Stocks, bonds, stock options and other investments
- Retirement benefits, including retirement savings, a 401(k) plan, an IRA or a pension plan
- Vehicles, including luxury cars, boats or planes
- Valuable assets like fine art, fine jewelry or collectibles
In order to divide your property, you must also fully understand the value of these and other possessions. Ms. Furubotten builds on her own experience by enlisting experienced appraisers and other experts so that you can make sound decisions about your finances.
Is Your Spouse Hiding Assets?
Fair division of your property depends on identifying all of the assets that fall into the category of community property. Unfortunately, some people put their own interests before the law and attempt to hide valuable assets to keep them from being divided by the court.
When you work with Furubotten Law, Denise can help you take steps to protect your property rights during the divorce process. From identifying warning signs of hidden assets to tracking down that property and fighting for you in court, she and her team are prepared to use decades of experience and the insight of financial experts to support your interests.
Take The First Step Toward Protecting Your Future Today
High net worth divorces often require careful planning, and protecting your financial future can begin with a phone call to Furubotten Law. In a no-cost consultation, you can explore your options and begin building a strategy that protects your assets. To get started, simply contact the firm online or call 714-400-2688.