Going through a divorce can be difficult. When money, assets and financial obligations are at stake, it can get downright dirty, especially if a pre-nuptial agreement was never signed. In many situations, there are so many issues involved that a couple may not know where to start, or may not be able to come to an agreement on their own. In these instances, couples may benefit from using mediation to reach favorable solutions.
As a board-certified family law specialist and mediation lawyer, I am very familiar with high net worth cases and the difficulties couples face in such a large-scale divorce. My experience gives me the ability to help couples settle many issues, both big and small, as they strive to negotiate divorce arrangements. I stand ready to help my clients resolve their cases effectively and offer my skills as an Orange County mediation attorney.
What Assets Are Addressed in a High Net Divorce?
The family law court system is well aware of the damaging effects of a divorce and the difficult decisions that must be made about financial arrangements. Because California abides by equitable division laws, financial assets and similar forms of property are often considered community property in a divorce. Without special arrangements by way of a prenuptial agreement or other negotiations, a judge ultimately decides how the property is distributed. Financial matters to consider in a high net worth divorce include the following:
Benefits of Mediating Your High Net Worth Divorce
A court-supervised divorce may not guarantee that your best interests are looked after in a divorce agreement. To ensure that your finances are protected, and each party involved in a divorce is fairly represented, you may consider an alternative method to a traditional divorce. Mediation not only gives you a better chance of looking after your interests, it also allows you to explore all of your options in divorce negotiations, which can lead to better resolutions. There are several potentially damaging effects of divorce litigation, such as:
- Exposure of divorce proceedings in public record
- Lengthy litigation procedure and court hearings
- Expensive court fees and attorney fees
- Unfavorable divorce arrangements
- Future disputes over modifications
Because divorce litigation proceedings are made public, every detail involved with the transfer of assets, net worth of your estate, and all other facets of your divorce will become available to the public. Mediation on the other hand, is a confidential proceeding that is resolved between the two spouses and the mediator. No information about your divorce will be exposed and you can move through your divorce without the loss of privacy. Mediation has many advantages over traditional divorce litigation, including:
- No exposure of divorce procedures in public record
- Spouses maintain control of the process
- Retaining an attorney for advice is optional
- Potential of improving communication
- Possibility of avoiding future disputes
The key to a successful mediation is maintaining open and healthy communication with your spouse and having an experienced mediation lawyer facilitating the procedure. In a high net worth divorce, mediation may be what a couple needs to resolve issues in a timely manner, with the best interests of all parties in mind. Mediation can even be used in other marital arrangements, such as pre-nuptial agreements.
Hire a Skilled Legal Professional for Your Divorce Mediation
Mediation is a process that spouses involved in high net worth divorces may want to consider in order to better protect their rights and best interests. As an Orange County mediation lawyer, I believe that divorce mediation is a highly effective tool when used correctly. I have seen many couples who were faced with a high net worth divorce communicate in a respectful manner and reach a fair settlement. With help from a mediator, couples can foster healthy communication and obtain favorable resolutions in their family law cases.
I am a board-certified family law specialist with more than 25 years of experience as a divorce and mediation attorney in Orange County, CA. I can meet with both spouses together in a private setting and act as a neutral facilitator. As a mediator, my job is to help couples find the best solutions for their situation. By reaching an agreement through mediation, both spouses can avoid the costs and turmoil of lengthy court battles. If you are involved in a high net worth divorce, contact Kevin B. Gibbs, APLC and explore your options.
Schedule a free case consultation today and find out how mediation may help you!
"I used Mr. Gibbs for my divorce. He was great, very knowledgeable and professional! He was excellent at letting me know the options I had and pointing me in the best direction. He was upfront and honest about outcomes. I was very happy with his service."Joshua Lott
"I could not have asked for a better experience in the midst of a bad situation than working with Mr. Gibbs. He was honest and fair and patient and kind."Rebecca Sterling
"He is a great family law attorney and I would definitely recommend him to a friend or family member in need."Les D.