Keeping Your Divorce Out of the Headlines
The world has the tendency to take notice anytime celebrity couples get divorced. All at once, you are in the headlines just because you’ve decided to take your life in a different direction from your spouse. Everyone wants to know your business, specifically why you’ve broken up and who is going to “win” the divorce. This state of affairs can make it tough to keep intimate and personal areas of your life private.
Are you a celebrity or high-net-worth individual seeking to get a divorce? If so, then you need to invest in a highly qualified and reputable Los Angeles celebrity divorce attorney. Your choice of attorney can be the key to making the process of getting divorced that much more manageable. The right attorney regularly handles complicated divorce matters, including divorces for high-net-worth and widely public clients. Your attorney’s goals should be to protect your privacy and to achieve the outcomes you desire.
Nailing Down Property Ownership Rights in a Celebrity divorce
The state of California is a no-fault divorce jurisdiction. Put simply, it means that you can get a divorce without blaming anyone for the demise of your marriage. What it also means to you is that factors such as infidelity won’t play a part in determining how property is distributed in the divorce. Each spouse has a legal entitlement to half of all community property. The term “community property” simply means marital property.
When you get a divorce, there are two groups of property you’ll need to take into consideration: community property and separate property. Community property is property that is owned jointly by you and your spouse. This generally includes property, assets, and income that were all procured by either spouse after you were legally wedded. Separate property is any property that is owned by you, and you alone. This often includes property that you already owned individually prior to marriage. It might also include any assets that you have taken legal steps to own outright apart from your spouse.
Celebrities generally tend to be in possession of quite a wealth of property and assets. Therefore, it’s critical that a complete and thorough assessment of all property and debts that are carried by both spouses, separately and collectively be conducted. Identifying the ways in which property is classified (community or separate) is essential. Property distribution in a celebrity divorce will rely heavily on these early classifications. Due to the fact that each spouse shares an equal right to community property, there are frequently disputes about how specific assets are categorized.
The Criticality of Assessing the Value of Assets and Debts
Step one in a divorce process of this ilk is identifying all the property (and debts) owned by you and your spouse. The step right after that is placing a pecuniary value on each individual asset and liability. Celebrities tend to be carrying complex portfolios filled with assets that can be difficult to assign a value to. These may include:
The right attorney for a matter such as this will have beneficial relationships with the top financial experts and assessors in Los Angeles. Your lawyer must work in tandem with such professionals to make certain that all of your property is valued accurately.
What is the importance of assessing the value of all of your property in a celebrity divorce? This is important because you and your spouse will be entitled to half of all the items that were classified as community property. Some of these assets will, by their nature, be difficult to split up between you. Still, there are other assets that you might be unwilling to part with in the divorce. For you to be able to hold on to those assets, you will need to either:
Being aware of which assets are on the negotiating table and how much each asset and each liability is worth will make this process a great deal more manageable.
Child Custody and Support Matters in Celebrity divorce Cases
When parents make the choice to split up, their children will be caught in the midst of the break. This is the case for everyday couples as much as it is celebrity parents. Nevertheless, most couples are not subjected to the pressure to negotiate child custody and child support issues with the public looking on. The pressure will be on to craft a child custody agreement that puts the best interests of your children at the forefront. Bear in mind that your divorce will not be finalized until you’ve ironed out all the details of the legal matters involving your kids.
Celebrity custody fights can be challenging indeed. This is particularly the case if one or both parents travel regularly for their work. Where would it best for the kids live? Should the kids be asked to travel throughout their childhood, or are they better served by remaining in a single location? How much time will each parent be allowed to spend with the children? How much monetary support do celebrity kids require? These are all questions which celebrity parents need to answer during the course of a divorce proceeding. Customarily, custody arrangements are supposed to serve a child’s best interests. More often than not, this entails joint custody and keeping children in frequent and continuing contact with both of their parents.
Your attorney needs to work to identify the custody arrangement that you feel is the best and find a way to make it work. It’s critical to bear in mind that you might need to make a few changes in your life if you want to be present in your kids’ lives as much as possible. Custody is a matter of give and take. This may make it necessary for you to take on projects that keep you closer to home or agreeing to travel on some occasions with your child’s other parent after the divorce. It is critical to keep in mind that your goal, your social or financial status notwithstanding, should be your child’s health, happiness, and well-being.
Keeping the Specifics of a Celebrity divorce Private
divorce is an extremely personal situation. You’ll be thrust into the realm of combing through the most private details of your life and finding common ground with an individual with whom you probably no longer see eye-to-eye. The very last thing you want is for the details of your private life to be out in the public. Your attorney must be committed to helping you navigate the process of divorce with a high level of discretion. There are certain tools and techniques that your lawyer can utilize to let you hammer out the particulars of your divorce in private.
The Mediation Option
In cases where you and your spouse are still on somewhat good terms, mediation might be your ideal option. The process entails the assistance of a neutral third-party, who is referred to as a mediator. The mediator does not make any decisions for you, but they do assist you in working toward solutions.
This is how it works: You sit down with the mediator and discuss what you wish to end up with at the end of the divorce. Your mediator works with you, both separately and collaboratively, to pinpoint the big-picture issues and move toward mutually-agreeable choices.
All of the negotiations in mediation are privileged. If the mediation process is successful, the mediator then executes a contract reflecting the terms to which you have mutually agreed. From the moment you sign, you are bound to the terms of this contract.
The Arbitration Option
Arbitration is basically a small, private court trial. You and your spouse, along with your attorneys, actually argue the case in front of a neutral third-party who is referred to as an arbitrator. Unlike the mediator, the arbitrator does have the power to make unilateral decisions about your future. The arbitrator will listen to your arguments, review the evidence, and hear any relevant testimony. After you’ve stated your case, the arbitrator will render final decisions about the terms of your divorce.
Akin to the mediation, the negotiations and results of arbitration are private. Once the process is over, similarly to the conclusion of mediation, you and your spouse sign a private contract that binds you to its terms.
The Collaborative divorce Option
The collaborative divorce option allows you and your spouse to negotiate the terms of your divorce outside of the courtroom. You will each be represented by attorneys and you both need to agree to remain committed to the collaborative process. What this means is that you cannot quit collaborative divorce part of the way through and carry your grievances to court. If this process falls apart, then you’ll be forced to bring in new attorneys and start all over again from scratch.
During this process, you, your spouse, and your attorneys sit down together and work to arrive at mutually-agreeable resolutions to the terms of the divorce. Your attorneys take the lead in negotiations by presenting evidence, making claims, and even bringing in witness testimony, when required. The end goal is to bang out the details of your divorce privately without needing to appear in court.
Here again, all negotiations within collaborative divorce are private.
The Sealing of Court Records
When you decide to settle your divorce privately, it’s important to request that the court seal any documents that can reflect your negotiations or outcomes. Your attorney should work vigilantly to make certain that every aspect of your divorce is protected from public scrutiny.
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