Experienced High Net Worth Divorce Attorneys in San Diego | Jabro Law Group
What makes a High Net Worth or “High Asset” Divorce case unique?
The basic equation of a divorce is the division of Assets and Debts. In most cases, the successful partner makes FINANCIAL DECISIONS when it comes to the division of assets and liabilities. Making decisions based on emotions can be catastrophic. Even in amicable divorces, for couples with complex financial portfolios, the allocation of assets is complicated and difficult. There might be stock options, retirement funds, deferred compensation, closely held business professional practices, assets held in trust, and multiple accounts and real properties in different states, or even different countries. In these types of divorces, YOU need an experienced, aggressive, and competent Attorney on your team who can offer both legal and financial advice to work through all the financial angles and various settlement scenarios. If FRAUD is a possibility or monies are commingled, you need the expertise of an attorney and forensic accountant. MICHAEL JABRO of LABRO LAW GROUP is an experienced Divorce Attorney, Certified Public Accountant, Forensic Accountant and a Fraud Examiner. His experience and credentials will be invaluable to the outcome of your case. A forensic accountant can analyze trends from tax returns, profit and loss statements, and other financial documents and is trained to search for red flags. For example, a red flag is raised when gross profits decline as gross revenues increase OR when gross profits decline as inventory purchases increase. MICHAEL JABRO is specifically trained to meticulously review financial documents and distill the financial truths and reveal any evidence of fraud and/or deception. When divorcing individuals have a high net worth or a substantial marital estate, the division of property can become complicated and contentious, with disputes arising frequently. Here at Jabro Law Group, we have access to leading experts in business valuation, forensic accounting and other fields who can help identify and value assets in divorce cases involving assets of substantial value. MICHAEL JABRO is prepared to identify, examine and address a broad range of issues that can surface in a high asset divorce, including:
- Retirement Accounts and Assets (pensions, 401(k)s, IRAs)
- Real Estate Holdings
- Valuation and Division of Business Assets
- International Assets
- Art, Jewelry & Antique Collections
- Suspected Hidden Assets
- Enforceability of Prenuptial or Postnuptial Agreements
- Tax Issues Related to Complex Property Division
- Business interests
- Complex trusts
- Other Investments
The addition of these types of assets can complicate divorce proceedings involving all individuals, especially those with high net worth, making an equitable division of marital assets challenging. Our attorneys have significant experience handling high net worth divorces and complex marital estates for clients throughout San Diego County, including North Park, Coronado, La Jolla, Mission Hills, Del Mar, Ranch Santa Fe and Solana Beach. We offer comprehensive, results-driven divorce representation that is focused on preserving our client’s assets and securing their successful post-divorce future.
High Value Asset Divorce Attorneys in San Diego
Our aggressive divorce lawyers can assist you with a wide range of legal and financial issues as we guide you through the divorce process. In a high net worth divorce with substantial assets in play, it is especially important that matters involving property division and equitable distribution are handled with the utmost care and attention to detail.
Division of Property in High Net Worth Divorce Cases
The equitable distribution of property can become fiercely contested and challenging to resolve in divorce cases with high value assets. Our high net worth divorce attorneys will work to divide property in a manner that is fair and equitable. A creative approach to the division of property is often required to achieve an acceptable settlement agreement. If necessary, we will engage the services of, and incorporate the opinions of, a variety of well-respected industry experts. Forensic accountants can help uncover hidden assets, business evaluators can assess commercial holdings and vocational experts can help determine whether support should be awarded to a non-working spouse.
Determining Financial vs. Sentimental Value: Smart Financial Decisions
Some assets, such as real estate, art collections, jewelry, specialty automobiles and prized antiques can have both financial and sentimental value. This is the time that YOU put your emotions to the side and start making financial decisions when it come to the allocation of assets. Our attorneys are skilled at determining the full value of these assets and making sure that our clients receive their full and equitable share.
San Diego High Net Worth Divorce Attorneys
Our attorneys provide comprehensive representation for individuals engaged in contested matrimonial proceedings where significant assets, investments or business interests are involved. Our ability to identify and examine the key elements in proceedings involving high net worth individuals gives our clients the advantage in asset preservation and the protection of their financial interests.
It is not uncommon for the income of one or both spouses to suffer an unexplained reduction when a divorce is imminent. When a person’s income falls below his or her earning potential or certain income is not clearly known and does not show up on paper, the courts may impute income to that person. By imputing, the court is essentially increasing the person’s reported income to the level of “earning potential” when calculating child support and/or spousal support.
Imputing income is one of the many issues our legal team can help you understand as we navigate you through the divorce process involving high-value assets.