Dividing assets during divorce can be stressful for the average California couple. Throw in complicated property, however, and the process can feel completely overwhelming. If you know that you will need to deal with complex property division, getting help now rather than later can usually lead to better results.
Commonly held assets that you think you understand can become extremely complicated the moment that they enter a divorce. Chances are you have at least one or two of these types of assets. If you are unsure, think of property like the following:
- 401k or Roth IRA accounts
- Stocks or other investments
- Real estate
- Business interests
If you or your spouse owns a business, the stakes can be high. However, before you can begin fairly addressing the issue, you need to understand how much it is actually worth. A fair valuation of the business and its interests is essential, but establishing this figure is not always a straightforward process. For the most accurate valuation possible, working with someone who is experienced in both business and family law is often helpful.
No one wants to lose everything they have in a divorce, and conversely unhappy couples do not want to remain in a miserable marriage to avoid doing so. However, these are not the only two options. People in California who work closely with experienced attorneys often find that complex property division is less overwhelming than they first thought. For additional information regarding divorce, asset division and other family law topics, be sure to visit our website.