All divorces are unpleasant. However, high asset divorces are notorious for being some of the most contentious and complex cases in the legal realm. This is because both parties have so much more on the line, and are thus less willing to concede. A high asset divorce is qualified as such because one or both spouses have significantly contributed to the financial status of the marriage. These significant contributions include large estates or homes, various property, businesses, professional practices, cars, boats, and other valuables such as jewelry.
The financial components of a high asset divorce make it far more complex than a marriage in which there were no properties or businesses involved. Not only are both parties less likely to agree to give up a lifestyle they have become accustomed to, but these divorces will take longer to resolve simply due to the sheer amount of paperwork and forensic accounting analysis involved.
Our legal team highly advises you avoiding the following common mistakes when it comes to your high asset divorce:
- Hiding assets or failing to look for hidden assets
- Rushing to settle and ending up with less than you deserve, simply to end the divorce process sooner rather than later
- Not considering tax consequences
- Trying to get back at your ex by making unreasonable demands
- Not hiring a divorce lawyer early on
Contact Our Experienced & Skilled Newport Beach Divorce Attorneys Today
At Burch, Coulston & Shepard, LLP, our Newport Beach divorce lawyers understand the importance of being more than just a legal guide during this difficult time. We seek to be your emotional support, trusted legal resource, and aggressive advocate in protecting the things which matter to you most. Whether your divorce is high-asset or not, we will go above and beyond in delivering you the most positive outcome possible.
To speak to a representative of our team, you may do so by calling (949) 565-4158 at your earliest convenience.