Flicker, Kerin, Kruger & Bissada, LLP
Menlo Park
San Ramon

Your high-asset divorce could cause conflict

High-asset divorces tend to be complex. Dividing property is complex as well, and it is in these divorces that people are most likely to end up in a conflict.

There are many assets that have to be considered and split up during divorce. Business owners may have to split a portion of their businesses or compensate their spouses through other means. People who have multiple properties have to divide them in a way that is fair (in California, that means dividing them by equal value). Even stocks and retirement accounts have to be divided in a way that is agreeable to both parties.

What can you do if you're involved in a conflicted case?

If you and your estranged spouse can't work together to come up with a solution, you need to understand that a judge will do so for you. If you're not keen on a judge making decisions about your assets, then you and your spouse need to do your best to negotiate with one another.

There are many solutions for property division conflicts. For example, if you have properties you must divide but can't agree on how, you could choose to sell them, rent them out and split the profits or divide them based on your own preferences and then compensate the party with less-valuable properties with cash or additional assets.

Your attorney can walk you through several options if you are going through a complex divorce. Our website has more on dividing your property and what you can do to make your divorce as quick and easy as possible.

No Comments

Leave a comment
Comment Information