High Net Worth Divorce Attorney in Los Angeles, California How do high net-worth divorces differ from regular divorces?
How do high net-worth divorces differ from regular divorces?
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When we think about high netw worth uh divorces, what’s really important is the team that you build around your case. That’s not just myself as an attorney.
That’s making sure that you have the CPA there. if you have tax professionals around you, financial advisors. Um,
what’s really important to me is thinking about how a division of assets and debts is going to play out in terms
of what additional costs people might not realize. And each asset is not treated the same. On a very very short
and simple uh example, if you have a house that you’re no longer living in,
you’re renting it out, there’s income from that property. Now, that’s different than potentially the house that you’re currently living in, right?
So, how do we want to think about those two things when we’re uh divvying up assets?
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Los Angeles, CA family law attorney Nina Shayan Depatie talks about how high net-worth divorces differ from regular divorces. She explains that one of the most important factors in these cases is building the right professional team around the client, rather than relying solely on the attorney. This team often includes CPAs, tax professionals, and financial advisors who can help evaluate how the division of assets and debts may affect each party financially, including hidden costs or long-term financial consequences that may not be immediately apparent.
She also emphasizes that not all assets are treated the same during property division. For example, a rental property that generates income is financially different from a primary residence where the family currently lives, and those differences must be carefully considered when determining how assets should be divided.
