The Ross Family Law Difference
Focused on Personalized Service & Solutions
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Certified Family Law Specialists
Two of our attorneys are Certified Family Law Specialists by The State Bar of California Board of Legal Specialization and our Founding Attorney is a Fellow of the American Academy of Matrimonial Lawyers.
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Full-Service Boutique
As a full-service boutique law firm, you will get the attention that your case needs. At Ross Family Law we dedicate ourselves to obtaining your best possible outcome.
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One-On-One Support
Our attorneys work one-on-one with you to devise a plan to achieve your goals.
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Compassionate Care
We offer individualized care and tailored solutions for each client's unique needs.
Complex Issues in a High Net-Worth Divorce
High-asset divorces can be particularly complex due to the significant financial and property considerations involved. Here are some common issues that arise in high-asset divorces:
Asset Valuation
Determining the true value of assets can be challenging, especially when there are illiquid assets, business interests, real estate holdings, or investment portfolios involved. Professional appraisers may be needed to evaluate properties, businesses, art, and other valuable items accurately.
Hidden Assets
One of the significant concerns in high-asset divorces is the potential for one spouse to hide assets to avoid division. It might involve underreporting income, diverting funds, or transferring assets to third parties. Detecting hidden assets can require forensic accountants or financial experts, along with (or as well as) specific litigation strategy.
Division of Business Interests
If one or both spouses own a business, it can be difficult to determine the value of the business and how to divide the ownership. This often requires specialized knowledge to assess the value and find a way to either sell the business or compensate one party for their share.
Spousal Support (Alimony)
In high-asset divorces, one spouse may seek significant spousal support (alimony). The amount and duration of alimony depend on factors like the length of the marriage, the lifestyle during the marriage, and the earning potential of both parties. Determining the fair amount can be a complicated issue.
Tax Implications
High-asset divorces often involve complex tax considerations. Asset division, including real estate and investment accounts, can have significant tax consequences. For example, one spouse may end up being liable for capital gains taxes when assets are sold, or income may need to be restructured to minimize tax burdens. It's essential to work with tax professionals, and we will work directly with tax counsel, to avoid unfavorable consequences.
Working Hard to Protect Your Assets
Disagreements over property divisions are one of the main reasons why a divorce goes to litigation. Litigation not only prolongs the divorce process, it also increases the costs associated with your divorce, and often creates additional stress for both parties. At Ross Family Law, we are will not hesitate to take your case to court if necessary to ensure your rights and assets are protected, but we also strive to resolve any disputes over property division without needing to go to court when possible. Regardless of your unique situation, our team is here to help.
