San Francisco High Asset Divorce Attorney
Our divorce attorneys in San Francisco and Marin County often work with clients who have significant assets and resources. Given the financial status of many residents in San Francisco, we’re experienced in handling cases that involve high asset individuals. Whether you’re a celebrity, business owner, or entertainment industry mogul, we can help you protect your interests and reach a fair settlement.
San Francisco’s high asset divorce attorneys at Warren Major LLP can help you protect your wealth during difficult times.
Our experienced attorneys are standing by to help you with all of your legal needs. Our office is conveniently located in Marin County. Call us today at (415) 286-5440 for a free consultation.
High Asset Divorce Overview
To help our clients facing high-asset divorces, we created a list of answers to the most commonly asked questions about these types of situations.
Q: I have never worked during the marriage how will my attorney fees get paid?
A: If you’re the wife in a high net divorce case and have been a homemaker during the marriage, you might be wondering how to come up with money for attorney fees. Family Code 2030 states that the party who can pay more should do so for both parties’ lawyer fees. We will go to court at the beginning of your case and as needed throughout to get whatever fees are necessary—attorney or expert—to make sure your rights are represented.
Q: How can I make sure that the high standard of living I enjoyed during the marriage is maintained after the divorce?
A: Spousal support during the divorce process and after the divorce is finalized has no limit. One way courts decide how much spousal support to award after a divorce is by looking at the standard of living enjoyed during marriage. Another factor considered is making sure that, during the pendency of the case, the status quo that existed at time of separation is maintained. This means that you should maintain the same standard of living as before the divorce. Many factors, including your former lifestyle, are taken into account when ordering long-term support at trial. Consult with your divorce attorney to learn more about how this affects you specifically.
Q: After I file for divorce, do I need to continue living in the same house with my husband?
A: If there isn’t evidence of domestic violence or other harassing behavior, judges usually won’t award one party exclusive control over the family home in a divorce. This means that spouses going through a divorce often have to either live together or one spouse has to leave the family home.
In divorces where both parties have high assets, usually, one party can easily move out. In these types of cases, if both sides decide to stay in the same house during the divorce process, it is usually because they are being spiteful or they feel emotionally attached to the family residence. If the parties own multiple homes, then it is easier for them to live apart in different houses.
Q: Who will pay the mortgage payments for our expensive family residence if my spouse, who was the sole income earner, leaves the family residence?
A: The income earner in a divorce proceeding will have to continue making mortgage payments as usual. In general, San Francisco family court judges rule that the status quo must be maintained after separation. This includes continuous mortgage payments.
Q: Who will pay my car payments?
A: After a couple decides to divorce, the party who was making car payments during the marriage must continue paying them. The court demands that after separation, the standard of living does not drop, which means these payments must be kept up.
Q: My spouse owns many businesses, and properties and has many accounts. How can I make sure I get my equal share?
A: Forensic accountants who specialize in high net divorce cases are key in order to discern the community assets available. These experts can evaluate your spouse’s businesses, calculate the cash flow for support, and appraise the division of assets.
Q: Will my child support be limited?
A: DissoMaster is a program that calculates child and spousal support. This is done by taking into account the parties’ income, percentage of visitation, federal tax deductions, and other work-related expenses. In high-asset divorce cases, there is no limit to spousal support amount; however, child support can be limited. The court can deviate from the DissoMaster-calculated child support only in a few exceptional situations. For example, when the amount determined exceeds the needs of the child.
Speak to An Experienced San Francisco High Asset Divorce Attorney
If you are ending your marriage and have a considerable amount of assets, Warren Major LLP’s San Francisco high-asset divorce attorneys can help. High-net-worth divorces often entail many subjects, and you want to make sure the outcome is equitable for all parties involved. Our practiced legal team comprehends how to keep your fiscal status secure during this trying time. Call us now so we can get started on working for you.
Warren Major LLP