Helping Palm Springs Couples with Complex High Asset Divorce Cases
Going through a divorce involves physical, emotional, and financial separations. For couples with a high net-worth, identifying, untangling, and fairly dividing marital property can be a difficult, contentious, and challenging process. For these couples, the stakes are high; you may be dealing with wealth that has taken decades to accumulate through hard work, saving, and smart financial planning. The task may be made more complex in cases where one spouse has produced the lion’s share of the wealth while the other has provided crucial support over the years of the marriage.
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It is vital to bring your case to a A Fair Way Mediation, that has experience in representing high-asset divorce cases. With so much on the line, you need a highly-qualified legal professional protecting your rights and interests. At A Fair Way Mediation, we have more than 30 years experience in resolving divorce and family law issues. We understand how to deal with the complex division of marital property and alimony issues that must be resolved fairly and equitably in a high-asset divorce.
High-Asset Divorce Mediation
In general, the more wealth you and your spouse have accrued over the years of your marriage, the more complex the marital estate can become. It requires a longer and more intensive process to identify, value, and divide these assets, especially in cases where disputes have arisen. In some instances, a spouse may have tried to hide assets from the other or may have used, sold, transferred, or squandered assets without the knowledge or consent of the other.
Marital Assets Include
The family home and other real estate holdings, including multi-family properties, unbuilt land, or commercial property
Stock portfolios and other investment accounts
Valuable artwork or other collections
Yachts, boats, and expensive vehicles
Closely-held or family businesses or interests in such businesses
Professionally licensed practices
Retirement accounts, pensions, and deferred compensation
Clients with these types of assets can include high-level executives, CEOs, doctors, celebrities, athletes, and others. In such cases, the process of dividing and distributing marital property includes a deep dive into finances for both individuals to understand the complexity of the financial side.
Fairly dividing and distributing such complex assets can be a lengthy and intricate process. While our firm will always make an attempt to help you resolve your high-asset case as amicably as possible, such as through mediation or collaborative divorce, it may take courtroom litigation to get a fair outcome.
We represent BOTH parties in High-Asset Cases
Unfortunately, the greater your wealth and the more assets you have, the more is at stake and the more there is to consider in resolving your divorce. At A Fair Way Mediation, we are here to give you the advice and guidance you need throughout the divorce process. We thoroughly understand the issues you face and, through exhaustive preparation and aggressive advocacy, can provide the support you need during this critical time.
About A Fair Way Mediation
As one of Southern California's top divorce mediators, A Fair Way Mediation has helped 100s of couples to obtain an affordable and peaceful divorce without going to court. We save our clients thousands of dollars in litigation fees and specialize in all forms of divorce mediation including military divorce and same sex divorce mediation. Our divorce mediators are skilled in all the facets of mediation and will guide you through the process. We provide divorce mediation services for couples throughout San Diego, Palm Springs, Riverside County and Rancho Mirage, Temecula, and Cathedral City.
For a no cost consultation, please fill out our "Start Evaluation" form or give us a call!
Why Couples Turn to Mediation
Encourages Communication
Unlike traditional divorce proceedings that can create further conflict, mediation encourages open dialogue between the spouses. By providing a supportive environment, the San Diego divorce mediation team at A Fair Way Mediation promotes effective communication allowing both parties to express their concerns and needs in a positive manner. This approach helps couples maintain a peaceful relationship, even more so when children are involved. Your San Diego divorce mediator will act as a neutral 3rd part to help sort through the issues that need to be discussed and agreed upon, giving plenty of time for each side to express their goals and work to a solution. Oftentimes with litigation, couples end up having to communicate directly with their respective lawyers which can increase the amount of time to complete the divorce and lose the ability to convey their thoughts and needs accurately to the other spouse.
Decision-Making Power
Mediation also gives couples more control over the decisions that will impact their futures. Rather than having to rely on a judge to make a final determination that will dictate your future, mediation allows couples to participate in negotiations to reach mutually agreed upon solutions. This level of control reduces the feeling of helplessnes and leads to greater satisfaction with the final settlement. Most marriages have issues that couples specifically understand for themselves, and it's difficult to have to present a case in front of a judge who does not fully understand the intricacies of your marriage and that will ultimately decide your fate based information that is provided by the respective lawyers.
Cost-Effective and Time-Efficient
Compared to a traditional litigated divorce, mediation is cost-effective alternative. The streamlined process that mediation provides can significantly reduce the legal fees. While litigation costs for a divorce can easily exceed $25,000+ per person, the average cost of a mediated divorce ranges from $3500 - $7000 (depending on the complexity of the case and the couple's ability to communicate). Mediation also provides a time-efficient solution as the average time to mediate a divorce can range from 3 weeks to 3 months, on average. With litigation, it can take up to 8 months to simply get your first hearing in front of the judge depending on the court's backlog. Couples are looking to move on and don't want the process to last longer than it needs to be which is why most couples turn to mediation.