PASADENA HIGH NET WORTH DIVORCE LAWYER
Defined by the Securities and Exchange Commission, a “High Net-Worth Divorce” is “One in which a natural person who has individual net worth, or joint worth with the person’s spouse, that exceeds $1 million dollars at the time of purchase, excluding the value of the primary residence of such person; or a natural person with an income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year.” If you find yourself in this financial situation, having a skilled Pasadena High Net Worth Divorce Lawyer on your side to maneuver this unique set of divorce circumstances is essential.
For individuals who carry a significant net worth, protecting themselves in the case of divorce is essential in order to properly secure their assets. Statistically speaking, individuals across a wide spectrum can find themselves facing the reality of divorce, no matter their socioeconomic status, ethnicity or religion, but the more assets involved and the higher the net worth, the greater the stakes when it comes to separation of finances and property.
The Benefits of a Skilled Pasadena High Net Worth Divorce Lawyer
Regardless of a person’s net worth, all divorce proceedings should follow a similar protocol awarding equal treatment and regard for the allocation of property, finances and matters relating to children and a High Net Worth Divorce attorney is extremely beneficial for wealthy individuals with much to lose from a divorce.
In general, most divorces follow a series of events that are relatively standard in their unfolding and pertain largely to individuals of a low to medium socioeconomic bracket. This demographic of couples comprise the bulk of divorces in the United States. Many individuals, however, require the expertise of a skilled High Net Worth Divorce Attorney who can assist them through the more complicated process of their divorce based on their higher level of income and High Net-Worth. Knowledge of such specific legal situations as creating and enforcing prenuptial agreements, estates, international property holdings, various investments, high incomes and/or professional licenses is essential, and a skilled High Net Worth Divorce Attorney at the Southern California Law Offices of Ted Khalaf can provide just such assistance.
Our Commitment to You
Southern California is an area where the need for a professional High Net-Divorce attorney is becoming increasingly relevant, and choosing an attorney who is well versed in California specific law as well as the various elements pertaining to foreign investments and assets is beneficial. Avoidance of excessive legal fees from drawn out litigation for our clients is a major priority for our attorneys at Khalaf Law Group. Failure to reach a clear agreement on the specifics of property distribution and asset allocation inevitably leads to long, often painful litigation processes. The result of this legal gridlock is often a net loss for both parties, who suffer extensive financial stress as well as an irretrievable loss of their time and energy.
The Khalaf Law Group will seek to streamline your divorce proceedings whenever possible to save you money on your legal fees. We also commit to ensuring you receive the fairest possible divorce settlement allowable under California state laws. Any divorce case has the potential to escalate into a complex legal affair without the right level of legal counsel on your side, and we are dedicated to helping our clients approach the divorce process with confidence and peace of mind.
Mediation and Arbitration
Alternatives to litigation are often effective and include mediation and arbitration. If employed at an early enough stage in the divorce proceedings, mediation and arbitration can be useful in maintaining harmony between parties during a time that can be extremely emotionally volatile. Saving both time and money is of importance to both parties, and with proper mediation and compromise, solutions can be reached that do not involve long, drawn out and incredibly expensive litigation.
The divorce mediation process has become one of the most preferred methods for handling divorce in the United States for several reasons. First and foremost, it is typically much more expedient than litigation, saving both spouses time, money, and stress. Secondly, mediation is private. Divorce often requires discussing personal issues, and many people would prefer that these issues remain private. When you litigate, everything said in court becomes public record. Mediation, on the other hand, is entirely confidential.
Perhaps the most important benefit of mediation is control. When you and your spouse mediate your divorce terms, you have much more say in the final outcome than you would if a judge decides your divorce terms in court. This means you and your spouse can reach more agreeable terms in a low-pressure setting, which can be incredibly beneficial in high net worth divorce cases.
Why Choose Pasadena Divorce Lawyer Ted Khalaf?
As your Pasadena high net worth attorney, Attorney Ted Khalaf and his team will help you take advantage of the mediation process as much as possible so you and your spouse can avoid the stress and expense of divorce litigation. Additionally, our firm understands that any high net worth divorce case is likely to involve complex financial questions that often require input from experts. If you require assistance from a forensic account or other expert witness, our team will coordinate the expert witness consultations and testimony you need for peace of mind.
We also understand that high net worth divorce cases can, unfortunately, encourage some divorcing spouses to attempt to hide assets and prevent their fair and lawful division. If you suspect that your spouse has hidden assets and is attempting to avoid property division under California’s community property statute, our team will help you determine the best approach to resolving the situation. In the event you discover hidden assets after your divorce decree is finalized, we can help you choose the best available option for legal recourse the law provides.
Get The Right Attorney For High Net Worth Divorce
High net worth divorce cases are some of the most complex dissolution cases that unfold in California family court. Do not make the mistake of attempting to navigate this legal process without representation. The Khalaf Law Group can provide the representation and peace of mind you need to approach your high net worth divorce case with greater confidence.
If you are ready to discuss your divorce with a reliable and experienced Pasadena high net worth divorce lawyer, contact the Khalaf Law Group today to schedule a consultation with our team. We can review the details of your divorce and let you know what to expect as your case unfolds and how our firm can assist you.