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high asset divorce Archives

Who gets the house in a divorce?

Dividing assets in a California divorce can get complicated when you own a home together. You are both liable for the mortgage, and the bank will not care that your marriage is ending. It focuses solely on getting its money. Since the mortgage is in both of your names, you have to figure out a solution to satisfy the mortgage as part of the process of dividing your assets.

A second look at marital property

Couples who file for divorce or legal separation often face the difficult task of dividing marital property. Some property and finances may be considered separate and could stay in the possession of the original owner once the divorce is finalized. Most marital property in California, however, is split equally between both parties. It is important for people to understand what is considered community property so that they can get everything they are entitled to in a divorce settlement.

Asking for a prenuptial agreement

The days and months leading up to your wedding in Los Angeles are filled with excitement and optimism. It is difficult during this time to find the desire to take a step back and think about your long-term future (especially if those thoughts involve the possibility of your marriage not lasting). However, several of those that we here at the Thomas Law Offices have worked with in the past have expressed regret for not considering those things before they married. Doing so need not be seen as you doubting that your marriage will last; rather, it can help to verify that neither you or your spouse ae going into it with ulterior motives. 

Divvying up the 401k during a divorce

Many in Los Angeles enjoy the security that comes from knowing that, after many years of having worked in their individual professions, the funds accumulated in their 401k accounts are there to fall back on. Most might view a 401k as an individual's asset, which is why it seems so shocking to many that all (or at least a portion of) the funds from such accounts are typically eligible for equitable distribution during divorce proccedings

Divorce and your trip overseas

From custody disagreements to property division and child support orders, there are all sorts of incredibly stressful family law issues that arise. However, these difficulties can become even more challenging in certain instances, such as the need to travel for overseas for business or leisure. Or, perhaps your wife is planning a trip abroad or is currently staying in another country, which can also make these issues more difficult. Our law firm knows the stress associated with both international travel and family law cases and we believe it is essential for people struggling with the combined stressors to go over their case with care.

Can I fight a prenuptial agreement?

While it might be considered unromantic, a prenuptial agreement can be a good decision for a California spouse-to-be who is concerned about protecting assets, whether they are personal or business ones. But what happens if, somewhere down the road, you decide the marriage is not working and you think the agreement is unfair? Can you fight it? Maybe.

What are the three types of California property?

If you are a California resident who is married or in a registered domestic partnership, but you are contemplating divorce, you probably are concerned about how to divide your property between you and your spouse or partner. As you likely already know, California is a community property state. Therefore, as explained by the California Court System, the law requires that all property and debts acquired by you and your spouse or partner during your relationship be equitably divided between both of you when you divorce.

What should you consider before hiring a valuation expert?

There are certain assets you know you want the judge to award you in your California divorce, but you will probably have to make some trade-offs with your spouse to make sure he or she agrees. Trading based on emotional value could leave you with less than an equal share, though. According to the Journal of the American Academy of Matrimonial Lawyers, providing the court with a professional opinion may ensure that you receive the items you want without losing others you should have in the bargain.

Reviewing the effects of your divorce on your will

While the dissolution of your marriage in Los Angeles may come as welcome relief to you, it does not necessarily end your association with your former spouse. If yours is case where there are considerable assets to distribute between to two of you, then it may take years for those matters to be sorted out. Some in your situation have come to us here at The Thomas Law Offices concerned that even their deaths will not sever their links with their ex-spouses, and that the only way for them to avoid having their exes take the rest of what is theirs is to revise their wills. Is such action required following your divorce? 

Does your spouse have off-shore accounts?

When spouses in California are faced with dividing everything they own during divorce, the temptation to hide assets can sometimes become irresistible. If you fear that your spouse has hidden funds in off-short accounts, you may be worried about how you will find this information and ensure that you get a fair settlement. The American Bar Association has created a guide to help you find any monies that your spouse may be attempting to hide in foreign banks.

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    Kendra Thomas is one of the best attorneys I have ever worked with. Kendra and her team at Thomas Law Offices are compassionate and able to get to the heart of the matter. Not only can she quickly take in information, she can also think outside of the box to implement an effective game plan…. - Joseph, a Corporate client

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    Kendra is a very thorough attorney. She paid great attention to detail. She is a pitbull in the courtroom and received compliments from the judge. We won a majority of our motions. I found her to be reasonable and understanding. I highly recommend her!- William, a Divorce client (5 star review)

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    I had a complicated case with a lot of assets. We had a business to divide and could not make heads or tails of it. My previous
    attorney messed up the case. However, when we found Thomas Law, the attorney was able to get to the bottom of how our assets should be divided.
    When Ms. Thomas presented the case, the judge realized that she knew her stuff. I had a very good experience with this firm.- Mae, a Family client (5 star review)

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    When I first came to Kendra, was in a panic state. However, after meeting Kendra, I panic no more. I was in a case, where I was being worked “real good”, with an ex who is relentless with absolutely no morals. However, after being in the courtroom with Kendra, I do not believe that he will ever take me back to court. We got everything we wanted. Kendra knew what to ask and how to strategize the case. I would HIGHLY recommend Kendra to anyone involved in a high conflict divorce and/or child custody dispute.- Sharon, a Family client (5 star review)

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    I am so grateful to have found Attorney Kendra Thomas to help me through a difficult divorce. She was amazing in getting me the justice I deserved. I have never heard of an attorney that returns calls promptly however Ms. Thomas and her assistant return calls in the same day. She is brilliant both in her intellect and strategy. I will continue to use her in ANY legal matter I am engaged in.- Mary, a Family client (5 star review)

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