Some divorce proceedings can be complicated and highly technical, especially those involving highly compensated business executives or professionals. These types of divorce filings require the attention of an experienced Central Valley executive divorce attorney who understands the unique issues and special concerns central to high income and asset cases.
Dealing with Prenuptial Agreements in Executive Divorces
In most cases involving a high net worth or executive spouse, the divorce proceeding will be driven by the terms of a prenuptial agreement that the spouses signed prior to getting married. Many individuals who are considerably wealthy, own businesses, or are otherwise concerned about protecting themselves against the claims of spousal support and division of property prepare a prenuptial agreement prior to marriage.
If you are in the midst of a divorce proceeding or looking to initiate the process and have a prenuptial agreement, you need to immediately hire a divorce attorney who specifically deals with executive divorces. An experienced Central Valley executive divorce lawyer can help you depending on which side of the issue you are on. He will seek to invalidate the terms of the agreement by demonstrating that it is not legally enforceable or he might defend your prenuptial/postnuptial agreement against the claims of your spouse.
The Complexities of an Executive Divorce
Marital property division in a high asset divorce proceeding can get complicated when one or both spouses have a complex property portfolio, especially when one spouse is an executive. You need the help of a quality Central Valley divorce lawyer to divide the property.
In high net worth marriages that involve a large accumulation of property, a court will need to look at all the property involved to make its final decisions with regard to division. Examples of high assets include:
- Pensions that cannot be divided until retirement
- Stock options
- Vehicles, boats
- Real estate
- Securities Portfolios
- Business partnerships or professional practices
In addition to the obvious types of assets, executive or high net worth divorces may also include hidden assets, such as:
- Cash and traveler’s checks
- Stocks and bonds
- Mutual funds
- Insurance policies
- Faulty Tax Returns
- Property such as jewelry or vehicles
If any of these properties were acquired during the marriage, then they could potentially be assets that must be divided during the divorce. Your attorney may need to work closely with trusted professionals, such as appraisers, accountants, tax advisors and estate planning experts to accurately identify, trace and value marital and separate property.
Call an Experienced Central Valley Executive Divorce Attorney
If you are involved in an executive divorce proceeding or considering filing a divorce, it is in your best interest to consult with an experienced divorce attorney to help you learn your legal rights and options with respect to the division of your assets.
For more information or to schedule a complimentary consultation with Central Valley executive divorce attorney Gurjit Srai, please call (209) 323-5558 or complete our online form.