Law Office of Lily L. Huang
More Than A Decade Of Family Law Experience

high-asset divorce Archives

Can financial fraud occur in high-asset divorce?

Divorces have a reputation for being highly contested affairs, and when it comes to California spouses that have earned a lot of money, sometimes a divorcing spouse may engage in fraud to hide assets so they cannot be distributed as part of a divorce judgment. The Huffington Post details ways in which financial fraud during a divorce can be revealed.

Can I protect my business from a divorce?

While many California couples own and run a business together without incident, the business could be contested in a divorce proceeding if the couple ever decides to end their marriage. Some couples have significant wealth invested in the business, and it is possible the business could be sold to finance a divorce settlement. However, according to Marketwatch, there are several avenues that a spouse or spouses can take to protect a business from divorce fallout.

How a QDRO can help collect spousal support

California residents facing delinquent support payments face a number of options to try and collect. According to the Internal Revenue Service, a qualified domestic relations order issued by a judge can spell out how assets held in pensions or retirement plans are to be dispersed. However, a QDRO is not only used to divide a pension during a divorce proceeding, but can also be used to assist a spouse if that person is not receiving required support payments.

Are my retirement assets being tampered with during my divorce?

Due to the increasing trend of older people getting a divorce, or “gray divorces” as they are popularly called, older California residents are becoming increasingly concerned that divorce can impact their retirement accounts. Some fear that an ex-spouse might have hidden or moved assets at some point during or before the divorce. Fortunately, there is a way to find out if your retirement assets have been altered by a former spouse.

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