Experienced Divorce Lawyer Serving Encino, California
If you and your spouse own property, it must be divided by agreement or order of the court. In some situations, this can be a fairly simple process. However, in other situations, you will need someone to assist you in the valuation and division of property.
Fiction: "If we get divorced, I will have to sell my house."
Fact: The court has discretion to grant you an order for the deferred sale of your home.
Complex Marital Property Division
There are many different ways to divide a complex marital estate. The first step is identifying the assets and determining the value for each asset. The next step is understanding the tax consequences related to the division of each asset. We will work with you, and other professionals, to find the best possible division of property.
We understand the division of all types of marital property, including:
- Real estate (residential and commercial)
- Foreign real estate
- Automobiles
- Furniture, jewelry and major appliances
- Stock options
- IRAs, 401(k)s and pensions
- Businesses
We will discuss all options with you, so that you have a full understanding of your options. For example, the housing market is at a historic low. Should you sell your house and split the proceeds, or should you wait until the market recovers and the value rises? What options are available to you?
Fact vs. Fiction: "My spouse has a small business, it has no value."
Most businesses, even small businesses, have a "goodwill" component which can be valued in addition to the inventory.
When a Business is Part of the Marital Property
If you or your spouse own a business, it must be included in the property division settlement. To do this, we must work closely with forensic accountants and other financial experts to conduct a thorough business valuation.
You can discuss your circumstances during a confidential consultation with family law attorney Robert Gantman. Call our offices at 866-930-2306 or contact us online today to schedule an appointment. Hablamos español.
