When a large marital estate is subject to division in the course of a divorce, it is important to speak with an attorney who has experience with complex marital property division. These types of estates raise issues, such as tax implications, that need to be thoroughly examined to minimize potential negative consequences.
Using our experience and working with forensic accountants and financial analysts, the lawyers at The Law Offices of Burch, Coulston & Shepard, LLP, investigate the origins and ends of financial assets. Our Newport Beach family law attorneys differentiate commingled assets, identify hidden marital assets and marital debts, and trace the chain of possession of individual assets. Our certified family law specialists have extensive experience handling complex marital property division.
One of the areas that must be examined is the division of a closely held business. We work with professionals to determine the value of the business. Our firm frequently works with prominent accountants and business valuation specialists, along with having written and published articles on this topic. This experience allows us to effectively determine an accurate value for the business and determine how to fairly divide the business.
If there is a preexisting business that is considered separate property, the marital estate often develops an interest in the business. This complicates the matter, as the entire business may not be subject to division, but an aspect of it may be.
An issue that often occurs in conjunction with the division of complex, high-value marital estates is spousal support. Also known as alimony or spousal maintenance, we are able to help individuals determine spousal support amounts if they are not W2 employees. The marital standard of living is examined and used as a benchmark for permanent spousal support orders.
To discuss your complex marital property division situation with an attorney at The Law Offices of Burch, Coulston & Shepard, LLP, call (949) 565-4158 or contact us online. We serve clients throughout Orange County, California, and beyond, including the cities of Santa Ana, Dana Point, Mission Viejo and Newport Beach, among others.