When spouses work hard over time to accumulate substantial assets, the typical anxieties and emotions of a divorce become even more distressing. A high net-worth divorce in Newport Beach is more than just emotionally complex, it’s also legally challenging. Navigating the distribution of marital assets for spouses with many and varied accounts and properties requires special consideration and skilled representation.
If you and your spouse have a full portfolio of property, investments, valuables, and other assets, contact the most knowledgeable high-asset divorce attorneys in Newport Beach. Call Moradi Saslaw for a consultation today.
Why Choose Us for Your High-Asset Divorce Case?
Choosing an attorney from Moradi Saslaw maximizes your chances of achieving your desired outcomes. Our high-asset divorce attorneys in Newport Beach:
Have a winning record for clients with complex legal and financial issues
Will put a strong reputation, an award-winning legal team, and access to local resources on your side
Have decades of experience in this region, making us uniquely qualified for high-asset divorces in Orange County
Take a resolution-based approach but never compromise our client’s rights and best interests
Understanding California’s Equal Distribution of Community Property Laws
Marriage is more than a love match, it’s also a legal contract joining two individuals into one “community.” Breaking the marriage contract comes with significant legal consequences for both parties. California requires divorcing spouses to equally distribute their marital assets, while each spouse may retain their separate assets. Determining which assets are separate and which belong to the marital community is a challenge—especially when spouses have a wide variety of assets. A high-asset divorce lawyer in Newport Beach can diligently untangle your separate and marital assets to protect what you’ve worked so hard for.
Separate Assets
Under California’s divorce law, spouses facing divorce in Newport Beach may keep their separate assets. These do not belong to the marital pool and don’t require equal splitting with a spouse. Separate assets may be:
Bank accounts
Investment accounts
Real estate property
Personal property and valuables
Any of the above assets may be a separate asset if it belonged to one spouse before the marriage and remained their separate property throughout the marriage. Any assets or property gifted to a spouse or inherited by a spouse before or during the marriage is also their separate property.
Marital Assets
Marital assets or community assets are:
Real estate properties
Investment accounts
Retirement savings
Bank accounts
Luxury vehicles, boats, and RVs
Valuables, antiques, artwork, and household possessions
Any of the above assets belong to the marital community if they were accumulated by the spouses during the marriage, regardless of whose name is on the account or property title.
How Commingling Assets Can Complicate Property Division in Newport Beach High Asset Divorces
In a high-asset divorce in Newport Beach or the surrounding area in Orange County, property division becomes a matter of heightened importance and contention. It takes an attorney skilled in financial forensics to differentiate a spouse’s separate assets from marital ones. Many times, a spouse may have a valid claim on assets and property that the other spouse believes is their separate property alone. This occurs due to commingling, which happens under the following circumstances:
One spouse grants the other spouse access to an account
A spouse invests significant money or time into making improvements on the other spouse’s property
The interest on an asset or the value of a separate asset increases during the marriage, giving the spouse a valid claim on the amount of the increase
These are just a few of the ways that separate assets may unintentionally become a part of the marital community and subject to distribution during the divorce.
How Can a High-Asset Divorce Lawyer in Newport Beach Help?
Navigating a high-asset divorce requires both financial and legal experience. A family law attorney from Moradi Saslaw can ensure your property rights and protect the assets you’ve worked so hard to accumulate for your future. If you’re facing a dispute over substantial assets during your divorce, you need skilled, sophisticated representation by an attorney who understands how to protect your rights throughout the divorce process.
Reach out to our Newport Beach law office today for a high-net-worth divorce attorney who can develop a strong legal strategy to your interests.
