Redondo Beach High Asset Divorce Lawyer

High Asset Divorce Attorney in Redondo Beach, CA

Divorce in California can be challenging in several ways, especially when the divorcing couple owns substantial assets. Dividing property can be contentious in these cases, so working with a Redondo Beach high asset divorce lawyer is a good idea if you want to reach the fairest possible outcome. The team at Rombro & Manley LLP has extensive experience representing Redondo Beach clients in high asset divorce cases, and we can apply this experience to your case.

Legal Counsel for High Asset Divorces in Redondo Beach, CA

The attorneys at Rombro & Manley LLP have decades of experience representing Redondo Beach clients in some of the most challenging divorce cases, including those involving high-net-worth couples who own substantial, complex assets, our experienced family lawyer can help you complete the financial disclosure process, address any disputes you encounter, and assist you with resolving the most complex aspects of your divorce.

According to 2024 Census data, about 9% of men and about 13% in Redondo Beach are divorced, and property division is one of the most important aspects of the divorce process. California follows a community property law for dividing property in divorce, so each spouse receives exactly half of the shared marital property. Assets in high-net-worth divorce cases commonly include:

• Bank accounts.
• Stock portfolios.
• Cryptocurrency wallets.
• Real estate, including the marital/family home as well as rental properties, vacation properties, or investment properties.
• Retirement accounts.
• Pensions and benefits.
• Business interests.
• Intellectual property, including patents and copyrights.
• Physical assets, such as cash on hand, jewelry, precious metals, and artwork.

In California, “community property” includes anything earned or acquired by either spouse during their marriage. This not only includes assets but also debts. Each spouse will need to submit a financial disclosure statement at the outset of their divorce that clearly defines all of the separate property they intend to keep, as well as anything that qualifies as marital property. In high-net-worth divorce cases, property division is likely to be a contentious subject.

You should hire a high asset divorce lawyer at your first opportunity if you believe you are heading for divorce. If you and your spouse control substantial assets, it is crucial to be as accurate as possible in your financial disclosure statement, and you must be prepared to address any unexpected disputes that arise.

Divorcing spouses in California may wish to explore alternative dispute resolution to resolve their case more efficiently and with more direct influence over the outcome. For example, mediation involves the spouses and their respective attorneys meeting privately with a neutral mediator who helps them reach mutually acceptable terms for completing their divorce.

This could provide the opportunity to resolve contentious financial issues more smoothly, but only as long as both parties are willing to compromise and negotiate. Many complex divorces in California are resolved through litigation, and this can be an extremely stressful and time-consuming process. This is why it is crucial to prepare accordingly and hire a Redondo Beach high asset divorce lawyer to assist you.

Hire a Redondo Beach High Asset Divorce Attorney

When you choose Rombro & Manley LLP to represent you in a high asset divorce case in Redondo Beach, we will assist you with the financial disclosure process, gathering all of the records and documentation you must submit to the court and identifying key areas of concern, such as retirement accounts and complex investments that could be difficult to divide. If any disputes arise, we will be ready to resolve them as swiftly as possible.

Ultimately, any divorce can evolve into a complex and contentious legal battle, and this is especially likely when high-net-worth couples divorce. Legal counsel you can trust is an invaluable asset, and the team at Rombro & Manley LLP is confident we can provide unmatched counsel for your divorce. Reach out to our team as soon as possible to learn more about our legal services.

FAQs About Redondo Beach, CA High Asset Divorce Laws

What Property Can’t Be Touched in a California Divorce?

In a California divorce, the only property that can’t be touched is each spouse’s separate property. Separate property typically includes any property a spouse owned prior to their marriage, gifts given solely to them, and inheritance they have received from parents and other blood relatives. In some cases, separate property may “transmute” into community property if the other spouse improved its value or helped maintain the property.

Will I Have to Pay Alimony After a High Net Worth Divorce?

Alimony may be required after a high net worth divorce if there is a significant difference in the financial situations of the divorcing spouses. Typically, alimony is required when one spouse needs help to become self-sufficient after divorce, but some divorcing couples may arrange property division in a way to offset the need for an ongoing payment plan. Your attorney can explain your options for resolving this aspect of your divorce.

Will I Have to Liquidate Property in a High-Asset Divorce? 

You may not need to liquidate property in a high-asset divorce, but this may be a preferable option depending on the type of property in question and other details of your case. For example, some divorcing couples work out exchanges of property to meet the community property law’s requirements, and in some cases, it is simply easier to liquidate an asset and divide the proceeds. Your attorney can help you make informed decisions for any such issues you encounter.

Why Should I Hire a High-Asset Divorce Lawyer? 

You should hire a high-asset divorce lawyer to have a better chance of reaching a fair and agreeable outcome in your divorce. You are likely to face various complex financial issues that you will not be able to resolve on your own, and high-net-worth divorce cases are likely to generate hostility. Hiring legal counsel enables you to approach the situation with greater confidence, and you are more likely to reach a favorable outcome with an attorney’s help.

The team at Rombro & Manley LLP has years of experience representing Redondo Beach clients in a wide range of complex divorce cases, including high asset divorces. We are confident we can help you resolve the most challenging financial disputes you face in your divorce, but you have a limited time to prepare for this difficult case. Contact us today to schedule a consultation with an experienced Redondo Beach high asset divorce lawyer.