the higher earner in a marriage, whether husband or wife, should take care to protect their individual assets from being considered in an alimony assessment. Paying too much in alimony is a very real outcome that affects many high earners in California. Working with an attorney can help ensure that any spousal support payments are assessed correctly along California’s “alimony guidelines,” which can allow for a broad range of outcomes.
Child Support
State guidelines for child support in California do not always account for higher earners’ needs. Child support payments can easily be calculated on incorrect assessments when high net-worth individuals are involved. Additionally, many child care payments that high asset families are accustomed to are not accounted for in state child support guidelines, leaving custodial parents on the hook for costs and amounts that used to be a shared responsibility.
Valuable Collections
Valuable collections, especially when they are acquired list of albania whatsapp phone numbers during the course of a marriage, often necessitate the guidance of an experienced legal professional to separate. Expert valuation and early appraisal can help shield such assets from division and sale during a high asset divorce.
Valuable collections might include one of a kind items or other objects of value, such as:
Out-of-State and International Property
Appraisals on out-of-state and international property can shape the outcome of a high net worth divorce in California. For instance, when seeking sole ownership, a spouse may want a lower valuation of a commingled home or property. The other may want a higher valuation of the asset in order to receive as much as possible in exchange for giving up their claim.