Fontana High Net Worth Divorce Lawyer

Going through a divorce can be emotional and complicated. For high net worth individuals who are legally separating from their spouses, there may be additional hurdles that can make the process even more complex. Working with a Fontana high net worth divorce lawyer is highly recommended in such cases.

The legal team at All American Law understands the unique needs of high net worth families going through divorce. Our skilled family law attorney help you to ensure your wealth is protected following the dissolution of a marriage.

Concerns of High Net Worth Individuals During a Divorce in CA

It is difficult for couples who enter into a marriage to consider the potential complexities of a divorce. The decision to go through a legal separation can, however, constitute a major blow to your finances and lifestyle – especially for high net worth families who have not planned for it. During the process, there are several ways your wealth can be impacted:

Division of Marital Assets and Debts

As a community property state, California law states that assets and debts acquired during a marriage be divided equally among both parties. Marital assets may include physical property like the marital home, investment and savings accounts, vehicles, art, and other collectibles.

It does not include any assets or debt obtained before the marriage or after the separation or any assets obtained as a gift or through an inheritance.

Assets may be considered commingled if one of the spouses uses separate assets to contribute to a community asset. Debts that are only under a spouse’s name but were obtained during the marriage and before the date of separation can also be considered marital debt, and the other spouse may be partly liable for it.

Child Support and Spousal Support Orders

During divorce proceedings, one of the spouses may request child support and/or spousal support. Both child and spousal support orders serve to stipulate the financial responsibilities of each individual regarding their children or the other spouse.

Child support payments are received by one of the two parents from the other parent. The amount of the payment may be determined based on each parent’s income and assets, the children’s living arrangements, and other factors like spousal support.

Temporary spousal support may be ordered for the duration of divorce proceedings, and financial assistance may be provided to the other party until the official divorce judgment is rendered and assets are divided. Child support payments continue until the child is a legal adult or meets other requirements like emancipation or marriage. Child support orders may also be modified if there are significant changes before then.

Long-term spousal support may also be ordered if the judge determines the petitioning party may not be able to support themselves following the divorce. The amount may be based on how long the spouses were married, as well as their expected cost of living and the petitioning party’s future earning potential.

A Skilled High Net Worth Divorce Attorney Can Provide Clarity Throughout the Process

Amid a separation, having adequate legal support and guidance can make the difference between a protracted divorce and a divorce where both parties can walk away with peace of mind. Though not legally required, requesting the counsel of a knowledgeable high net worth divorce lawyer at Fontana is a highly recommended decision if you are worried about the impact of divorce on your finances.

A divorce attorney may be able to:

• Evaluate your and your spouse’s assets and debts, and determine which of these constitute community assets and which are separate assets.
• Advocate on your behalf if you are requesting child or spousal support if your child lives with you or if you contributed to the marriage as a stay-at-home parent.
• Give guidance on tax implications following a divorce and based on the execution of a divorce judgment in relation to assets, spousal, and child support.

Regardless of your financial situation before or during a marriage, it is important to advocate for yourself. With the help of a seasoned divorce attorney, you can rest assured that if you and your ex-spouse are not able to come to an agreement, you can be backed by a skilled and knowledgeable professional who can facilitate the process.

FAQs

Q: What Is the Average Cost of a Divorce Lawyer in California?

A: The average cost of a divorce lawyer in California is hard to determine as it can be based on several factors, including the complexity of your case, the amount of assets that need to be assigned a value and divided, as well as the experience of your attorney. You should discuss the cost of representation at the first meeting with your attorney.

Q: Does the Husband Have to Pay for the Wife’s Divorce Lawyer in California?

A: In California, a husband is not legally required to pay for the wife’s divorce lawyer. However, either of the spouses may request a judge to order that the other spouse pay for their attorney’s fees and costs if they are not able to afford a lawyer. The final decision is made upon evaluating the financial ability of both spouses.

Q: How Can I Avoid a Costly Divorce in California?

A: To avoid a costly divorce in California, you may be able to agree with your soon-to-be ex-spouse on how you are to divide your assets and debts. You may also discuss matters of spousal and child support with each other. A family law judge has the final say on whether the agreement complies with California law. Even if you agree with your spouse, it may be in your interest to discuss the agreement with an attorney to ensure you are taking into consideration all aspects of post-divorce life.

Q: How Long Does a Divorce Take in California?

A: It may take a minimum of six months to finalize a divorce in California. The state’s judicial court system outlines the different steps one should take to obtain a divorce, including filing a petition with the county court, sharing financial information by both spouses, deciding on the division of marital assets and debts, and finalizing the divorce. The more assets involved and the less the couple agrees, the longer the process may take.

Contact a Trusted Fontana High Net Worth Divorce Lawyer Today

A divorce process can be more easily managed with the help of a trusted Fontana high net worth divorce lawyer. At All American Law, we have been practicing family law for over three decades. We understand the needs of the Fontana community and can handle all aspects of your divorce, from asset division to child support and custody.

Schedule a free consultation today to discuss your case.