High asset cases bring particular challenges when spouses seek fair valuation for purposes of community property distribution.. Cases involving large businesses and assets generally require detailed accounting and valuation; this can be costly and time consuming. Additionally, it is essential to obtain the skills of reputable and experienced experts. Often, there are tax consequences involved and it is essential to reduce tax liability to a minimum. At Yelman & Associates Family Law Attorneys, we utilize the services of economists, Certified Public Accountants and other valuation experts in order to come to an accurate and fair assessment of the assets involved. If you are going through a divorce or are contemplating a dissolution of marriage, the divorce Attorneys at Yelman and Associates are prepared to help you with all aspects involved, including dividing high asset businesses and holdings.
In all marital dissolutions, property must first be properly characterized and valuated before it can be divided. Complex marital estates almost always require the expertise of accountants, economists and tax experts, as well as other professionals, to determine the value of the assets and holdings. This process is often time consuming, expensive and arduous. It is necessary in most instances, however; otherwise it may cost one or both spouses a significant amount. Contact our offices to discuss your particular case.
As noted in the previous discussion pertaining to division of business entities, business assets may vary considerably. Some assets are tangible and others are intangible. In most cases, but not all, tangible assets are easier to assess:
Intangible assets are often extremely difficult to assess and include assets that may be income producing in the future:
As stated in the previous discussion of division of business assets, there are three basic approaches to measuring assets:
These are complex procedures that are utilized by skilled accountants and tax experts. Please consult our office to discuss how we may help you in complex high asset division.
Marital estates that have a high net worth usually require extensive attention in all areas, including characterization and valuation. At Yelman & Associates we utilize the skills of tax experts, economists and Certified Public Accountants in order to accurately assess and fairly divide the marital property. These are extremely involved cases and while it may be quite tempting for a spouse to accept an amount that was calculated by the other spouse’s accountants, this is not recommended. We will look out for your best interests. Contact the Yelman & Associates Family Law Attorneys for a Complimentary phone consultation. Call us at (619)282-1107, or (760) 480-8400.
. . . you went above and beyond the call. You were experienced, clever and did your homework . . . You researched and obtained more in court than what we asked for and we won, won won. A million Thanks. [UCCJEA]
I am exceedingly pleased with the results. . . your diligent efforts on my behalf will benefit my family not only now but in the immediate and long term future. I was very selective when choosing an attorney . . . I realize now how important that decision really was. . .[Divorce]
San Diego, CA
I had been through two attorneys . . . I needed a powerhouse in my corner. . .The true test was when we [went] into court . . . I walked out of the court room amazed with her talent and care. . . My only regret is that I didn’t have her from the beginning . . .
I am extremely appreciative for all you have done and continue to do for me. I truly believe someone was looking out for me when I found you to represent me at that horrific time in my life . . . You and you entire staff are the dream team and I am thankful for all you do!! Thanks to every one of you!!
San Diego, CA
Although I never plan to be in this situation again, I would recommend Yelman & Associates to anyone going through a divorce. Of the many lawyers I have encountered within the courthouse . . [you are] . . . one of the most competent, intelligent, and genuinely caring attorneys . . .
My wife and I would like to say thank you for the outstanding work you did for us. Words cannot give our appreciation justice . . . Your service and knowledge was second to none . . . We will proudly recommend you and your firm to anyone we know who may be in need of legal assistance.
San Diego, CA
Charles Kim Jr.
to set up a
Yelman & Associates
3333 Camino Del Rio South
San Diego, Ca 92108