Los Angeles High Net Worth Divorce Lawyer 

Is a Large Amount of Assets Involved in Your Divorce? Call Us!

Los Angeles is home to high net-worth divorce cases, with countless well-known celebrity divorces occurring every year. Despite the familiarity, every high net-worth divorce presents its own complexities and challenges.

At the Law Offices of Korol & Velen, we bring 40 years of experience to these complex divorce cases and can help you navigate your high-asset divorce. Our attorneys are meticulous and knowledgeable in handling the financial components of your high-asset divorce. We make sure that every penny you have contributed in your marriage is accounted for.

We assess and value all contributions to the financial status of your marriage including:

• Large estates / homes
• Vacation homes and other real estate
• Successful businesses
• Professional practices
• Valuables such as art collections and jewelry
• Other high-value property (cars, boats, etc.)

Our family law lawyers are committed to protecting your financial interests in any divorce. We carefully explore and examine every detail of your case to secure the right strategies in achieving a favorable outcome.

Issues Involved in High Net-Worth Divorces

Aside from the financial aspect of a high net-worth divorce, there are sensitive issues that need to be tackled as well. These concerns can have lasting effects on the family if not done properly. Things can get more complicated when children are involved.

At the Law Offices of Korol & Velen, we can help you resolve any divorce-related issue, such as:

• Marital property division
• Spousal support
• Child support
• Child custody and visitation

What is a Wife Entitled to in a Divorce Settlement in California?

In California, a wife may be entitled to: 

• Half of the marital assets
• Up to 40% of her ex-spouse's income for child support, spousal support, and other terms of the settlement
• Up to half of the assets in the marriage
• Primary child custody

Can You Divorce in California Without Splitting Assets?

No, California law requires that all community property be divided equally in a divorce. However, not all assets will be split in half. For example, spouses are usually given different types of assets. 

What is the Rule of 65 in California Divorce?

California Rule 65 states that a spouse may be entitled to spousal maintenance indefinitely if their age at the time of separation plus their years of marriage equal or exceed 65.

Our Los Angeles high net worth divorce lawyers possess extensive negotiation skills and are committed to finding the most agreeable solutions to these situations. We also draft prenuptial agreements and postnuptial agreements to ensure that all financial issues are addressed in the event of a high net-worth divorce.

How Long Does a Divorce Take in California?

Getting a divorce in California requires a minimum of 6 months. The process involves four major steps, which are the same for married couples and those in a domestic partnership. It's worth noting there is no mandatory 6-month waiting period for separation when applying for a legal separation. 

The four steps include:

• Start a divorce case
• Share financial information
• Make decisions on how to split the assets
• Finalize the divorce

Working with an experienced high-net-worth divorce lawyer in LA can make the divorce process as stress-free as possible.