High Asset Divorce in Arizona
DUE TO COVID-19 AND OUR NEED TO ENSURE THE HEALTH OF OUR CLIENTS, ALL INITIAL CLIENT CONSULTATIONS WILL BE CONDUCTED BY PHONE. YOU MAY CALL US AT (480)305-8300 TO SCHEDULE A TELEPHONE CALL WITH ONE OF OUR EXPERIENCED FAMILY LAW ATTORNEYS.
Arizona High Asset Divorce
Not all attorneys are able to handle a high asset divorce in Arizona. High asset divorce cases in Arizona require a very particular set of knowledge, skills, and experience to ensure a fair and equitable outcome in the final property division. Our attorneys have handled many high asset cases in Arizona and are well equipped to manage vast and complicated financial cases.
Other family law attorneys in Arizona recognize our unique ability to handle high asset divorce cases in Arizona. Many of these cases involve the valuation of a business, tracing hidden assets, and appraising jewelry, fine art, and other valuables.
Many complex factors also go into analyzing how much of an increase in the value of a sole and separate business creates a community lien. The attorney must first establish the value of the company immediately before marriage, as well as determine the value of the business at the time the Petition for Dissolution of Marriage or Petition for Legal Separation was served. However, that is only the beginning of establishing the value of a community lien against a sole and separate business.
Detailed questions need to be answered to determine how much of that increase in value is attributable to the inherent qualities of the business, the economy, and the industry in which the company operates, just to name a few. These factors will decrease the community lien on a sole and separate business.
Other factors to consider when evaluating a community lien on a separate business include whether the business retained all of its’ earnings or whether some or all of the income was spent in the community, such that the community has already been fairly compensated for some or all of the community lien.
Also, factors such as whether the growth was due to the skill, expertise, or labor of the spouse during the marriage. These factors may increase the value of the community lien. Our Scottsdale Arizona high asset divorce attorneys, who share more than one hundred years experience, have handled numerous such cases.
Tracing Hidden Assets in a High Asset Arizona Divorce
A spouse may have concerns his or her spouse has been diverting and hiding assets that, if undiscovered, will be kept solely by the spouse how diverted or hid those assets. There are very complicated schemes spouses may use to accomplish the diversion and concealment of community property.
Your attorney needs to understand how to research the existence of property in other states, as well as be able to have the experience reviewing and tracking assets and financial transactions between multiple accounts and investments to be able to uncover monies that have either been withdrawn or transferred into unknown accounts.
Earnings statements, bank account statements, investment account statements, tax returns, and credit card statements all need to be carefully analyzed to uncover the tricks used by such spouses, but your attorney has no know what he or she is specifically looking for; otherwise, it is just a bunch of numbers.
Valuations of Valuable Art, Jewelry, and Other Valuables
An experienced high asset attorney will pay particular attention to the appraisal of art, jewelry, and other valuable personal property. At times, these valuations can be very subjective while, at other times, the value of these items can be determined with a higher degree of accuracy.
Items that are one-of-a-kind or have a small market for resale pose some particular problems. Problems that an experienced high asset divorce attorney will already know how to address.
Whether we need to trace hidden assets, appraise valuable art jewelry or other personal property items, evaluate a business, or appraise a real estate investment company, we understand the different valuation methodologies a court may apply.
We understand the arguments in support of the most appropriate method the court should apply, which ensures the real value of those assets are discovered and fairly divided, which may mean the difference of millions of dollars of additional community property value.
Ownership and Community Liens on Businesses in an Arizona Divorce
A business started during the marriage with community funds and labor will be considered community property unless it is shown by clear and convincing evidence, which is a very high burden of proof, has waived his or her interest in the community business. If the company was owned by one spouse before marriage but increased in value during the marriage, an argument may be made that some or all of that increase in value creates a lien in favor of the community.
Many complex factors go into analyzing the value of a business. The starting point is having an attorney who understands the complex financial statements of the business, including Profit and Loss statements, Statement of Cash Flows, Balance Sheets, and General Ledger to determine the value of the income earned from the business, as well as the value of the physical assets of the business.
Those financial statements must then be scrutinized to determine if the business owner is paying personal expenses through the business or has accelerated the depreciation of the assets. In both cases, the value of the business will be lower if either of these two events occurs and the attorney does not know what to look for.
If you have questions about high asset divorce in Arizona, you should seriously consider contacting the attorneys at Hildebrand Law, PC. Our Arizona divorce and family law attorneys have over 100 years of combined experience successfully representing clients in divorce and family law cases.
Our family law firm has earned numerous awards such as US News and World Reports Best Arizona Family Law Firm, US News and World Report Best Divorce Attorneys, “Best of the Valley” by Arizona Foothills readers, and “Best Arizona Divorce Law Firms” by North Scottsdale Magazine.
Call us today at (480)305-8300 or reach out to us through our appointment scheduling form to schedule your personalized consultation and turn your divorce or family law case around today.
Arizona Family Law Attorneys in Scottsdale and Tucson Arizona
More Articles About Divorce in Arizona
- The advantage of Filing Divorce First in Arizona
- Are Prenuptial Agreements Enforceable in Arizona
- Arizona Divorce
- Arizona Divorce Attorney Reviews
- Arizona Divorce Child Custody
- Arizona Divorce Debt
- Arizona Divorce Forms
- Arizona Divorce Laws
- Arizona Divorce Laws Alimony
- Arizona Divorce Laws and Statutes
- Arizona Divorce Laws on Adultery
- Arizona Divorce Papers
- Arizona Divorce Practice
- Arizona Divorce Process
- Arizona Divorce Records Search
- Arizona Marriage Laws
- Asset and Property Search in an Arizona Divorce
- Arizona Divorce When You Can’t Find Your Spouse
- Change to Maiden Name After Divorce in Arizona
- Changing Orders in an Arizona Divorce Decree
- Children and Divorce in Arizona
- College Expenses After Divorce in Arizona
- Complex Divorce Cases in Arizona
- Conciliation Court Services in Arizona
- Consent Required for Marriage of Minors in Arizona
- Considering the Children during a Divorce in Arizona
- Convert to a Covenant Marriage in Arizona
- Coping With Divorce in Arizona
- Court Services to Save a Marriage in Arizona
- Custody of the Family Pet in a Divorce in Arizona
- Dissolution of Marriage in Arizona
- Divorce After Legal Separation in Arizona
- Divorce and Children in Arizona
- Divorce Arizona
- Divorce Case is on the Inactive Calendar in Arizona
- Divorce Court Jurisdiction in Arizona
- Divorce in Arizona Without Children
- Divorce Procedures in Arizona
- Divorce Records in Arizona
- Divorce Statistics in Arizona
- Divorce Support Groups in Arizona
- Domestic Violence and Divorce in Arizona
- Effect of Adultery on an Arizona Divorce
- Effects of Divorce on Children in Arizona
- Enforceable Arizona Prenuptial Agreements
- Failure to Include an Issue in an Arizona Divorce
- Filing for Divorce in Arizona
- Filing for Divorce to Receive Alimony in Arizona
- Guide to Divorce for Men in Arizona
- High Conflict Divorce in Arizona
- High Net Worth Divorce Arizona
- How is a Divorce Finalized in Arizona
- How Long Does a Contested Divorce Take in Arizona
- How Long Does it Take to Get a Divorce in Arizona
- How Long Does it Take to Get Divorced in Arizona
- How Long Does Uncontested Divorce Take in Arizona
- How Long To Be Separated Before Divorce in Arizona
- How long to get Temporary Orders in Arizona
- How Much Does it Cost to Get a Divorce in Arizona
- How to Appeal a Divorce Decree in Arizona
- How To Find Good Divorce Attorney in Arizona
- How to Start a Divorce in Arizona
- Learn About Uncontested Divorce in Arizona
- Legally Separated File Divorce in Arizona
- Marital Settlement Agreement in Arizona
- The merger of the Settlement Agreement in Arizona
- Military Divorce Laws in Arizona
- Misled Into Signing Divorce Settlement in Arizona
- Modifying a Divorce Decree in Arizona
- No Contest Divorce in Arizona
- No-Fault Divorce in Arizona
- Order to Pay Spouses Attorney Fees in Arizona
- Parenting Class During a Divorce in Arizona
- Petition for Dissolution of Marriage in Arizona
- Protect Children in a Divorce in Arizona
- Quick Divorce in Arizona
- Reasons for Divorce in Arizona
- Reasons to File for Divorce in Arizona
- Represent Yourself in Arizona Divorce Case
- Same-Sex Divorce in Arizona
- Sealing Court Records in an Arizona Divorce
- Sell Home During Divorce in Arizona
- Selling Property During a Divorce in Arizona
- Served With Divorce Papers in Arizona
- Serving Divorce Papers by Publication in Arizona
- Should I Keep the House in a Divorce in Arizona
- Social Media Evidence in Divorce in Arizona
- Stop an Arizona Divorce
- Stop an Arizona Divorce if You Change Your Mind
- What Happens at a Resolution Management Conference in Arizona
- What Happens If the Divorce Case Goes to Trial in Arizona
- What Happens Temporary Orders Hearing in Arizona
- What is a Covenant Marriage in Arizona
- What is a Default Divorce in Arizona
- What is a Family Law Master in an Arizona Divorce Case
- What is a Preliminary Injunction in an Arizona Divorce
- What is a Temporary Orders Hearing in Arizona
- What is the Divorce Process in Arizona
- What Reasons Do I Need to Obtain a Divorce in a Covenant Marriage in Arizona
- What to do When Served with Divorce Papers in Arizona
- When Can I File For Divorce in Arizona
Chris Hildebrand wrote the information on this page about high asset divorce in Arizona to ensure everyone has access to information about divorce laws in Arizona. Chris is a family law attorney at Hildebrand Law, PC. He has over 24 years of Arizona family law experience and has received multiple awards, including US News and World Report “Top Arizona Divorce Attorneys”, Phoenix Magazine “Top Divorce Law Firms”, and Arizona Foothills Magazine “Best of the Valley” award. He believes the policies and procedures he uses to get his clients through a divorce should all be guided by the principles of honesty, integrity, and actually caring about what his clients are going through.