When spouses who have a high net worth decide to pursue a divorce, their cases can often be difficult for one spouse who may not have access to immediate funds needed to pay for the costs of the discovery and litigation. As a result, there are high asset divorce cases that can result in a division of property that favors the spouse who controls the finances of that marital estate. That reality may be changing with the emergence of a new type of business.
After seeing success with litigation funding companies that have helped finance personal injury lawsuits and other forms of litigation, several new companies are emerging in the United States that help to provide funds to spouses who are engaged in high asset divorce cases. This funding is provided to help pay the fees associated with high asset divorce lawyers, forensic accountants and other experts needed to clarify the assets that should be included in the marital estate that’s subject to division. These funding companies will be paid a percentage of the recovery obtained by their clients.
This step is seen as logical, as many high asset divorce cases involve millions of dollars in cash and other assets that are at issue. It’s also common for one spouse to attempt to hide assets from the estate, and the process of uncovering these assets can be time-consuming and expensive. As time moves forward, it’s possible that these companies will play a more common role in these cases.
San Diego High Asset Divorce Attorneys
When people have spent years accumulating a large amount of wealth and then a divorce requires that wealth to be distributed, the situation can quickly become antagonistic and extremely technical in nature. Before deciding specifically how to proceed, anyone who faces this situation needs to obtain the input of experienced professionals.
If you are someone of a high net worth and you need to be sure that you are doing everything possible to protect your legal rights and interests, you need to seek the help of San Diego high asset divorce lawyers who have been fighting for fathers and husbands for many years. Contact the Men’s Legal Center today to schedule an initial consultation.