Hollywood paints a pretty picture of what marriage can be, but life is rarely picture perfect. Perhaps the fire went out in your relationship a while ago, but you and your spouse stayed together out of inertia or a sense of obligation to the children. Or perhaps a revelation, such as an admission of infidelity, forced you to reevaluate your marriage.
No matter what happened, you know it’s time for a change. Divorce is an uncomfortable and stressful process, requiring difficult decisions, sensitive conversations, and financial and emotional flexibility.
High net worth divorces, meanwhile, lead to additional and unique challenges that, if mishandled, can cause delays, costs that consume the marital estate, and public embarrassment. Questions like the following might be keeping you up at night:
- How much do you both actually have in marital assets, and where are all those assets located?
- Are there any secret accounts (or secret debts) that your spouse has hidden from you? If so, how can you figure out the truth?
- What’s the most appropriate and scientific way to negotiate a fair division of assets and custody agreement?
- If you and your spouse ran a business, how will you keep it running and profitable during the divorce? What should you tell your employees, shareholders, investors and clients?
- Last but not least, what can you do to maximize your privacy during this time? Is there anything you can do to prevent your personal business from becoming the talk of the town?
Take a deep breath. You can and will get through this.
In the following blog post series, which we will publish over several weeks, we’ll explore in depth how to handle the peculiar challenges of California high net worth divorces. We will cover California laws and terminology to give you a bird’s eye view of the process. We’ll address things like how to hire a private judge or mediator, how to handle sensitive business interests, how to find hidden assets, and how to anticipate and resolve PR problems.
Each post will surface and answer a commonly asked question about this process and provide ideas and resources you can use.
Divorce is painful, but it is not the end. When all is said and done, you will come out stronger, wiser, and ready for new opportunities. We hope this series provides useful insights, so that you can approach the future strategically. For a confidential and thorough consultation about your California divorce, please call the Law Offices of Silky Sahnan at 888-228-1098.