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High Asset Divorces in San Diego Require Strategic Planning

On Behalf of | Oct 29, 2020 | Divorce

High asset divorces in San Diego require strategic planning and extensive legal skill and experience.  Financially substantive individuals who are considering a divorce in San Diego, Carlsbad, Oceanside, or Encinitas should work with the well established, experienced Certified Family Law Specialists at Burke & Domercq who can provide sound counsel and guidance. Our attorneys help to protect our client’s interests and guide them through the complex process of community property and asset division, spousal support, parenting time and child support and other complex issues associated with these cases.

There are many important issues to consider in high asset divorces in San Diego including:

  • Establishing a proposed parenting plan and support schedule
  • The disposition of the family residence and associated substantial equity
  • Positioning of rental income and association to appropriate expenses to ensure appropriate accounting for spousal and child support income calculations
  • Identification and contents of all bank accounts, investment accounts, safe deposit boxes and offshore financial interests
  • Valuation of business ownership interests, and the impact of “good-will” upon any active business investment
  • Disposition of Retirement vehicles such as 401k, pension or Individual Retirement Accounts (IRAs)
  • Life insurance policy benefits, cash value, and other associated issues
  • Division of second residence, vacation property, vehicles and other high value assets

It is important to note many assets of similar face value are not equal in “net value” at all.  For example, you might have two separate stock holdings, each worth $100,000.  However, if one has a basis of $20,000 and the other a basis of $75,000 they “net value” of the asset after sale and taxes is not equal.

This is why high asset divorces in San Diego require strategic planning and extensive legal skill and experience.  Advance divorce planning allows time to prepare for settlement negotiations, evaluate taxation impact and reflect upon strategic goals for the process. It also helps to protect against abuses such as pre-divorce spending by the other party, or allegations of abuse or neglect in an attempt to affect parenting time or support liabilities.

Our attorneys work with you to help develop a financial strategy for the process of your divorce. Effective planning will help to reduce the likelihood of expensive litigation and run-away spending by the other party and needless legal posturing by their representation.

Our reputation in the San Diego family law community is well established. Opposing counsel know that we have the skill and expertise to protect our client’s goals as well as our proven track record in previous cases. They know we are prepared to take your case to trial if necessary. This increases the likelihood of productive, leveraged negotiation which will achieve the best possible outcome in your case.

Protect your own interests and contact us or call 760-389-3927 to schedule an appointment for a remote or socially distanced consultation with one of our experienced Certified Family Law Specialists.