Understanding Delays in High Asset Divorces

High net worth divorces stand out due to the complex and substantial financial assets they involve. Unlike more straightforward cases, these divorces frequently include luxury real estate, business interests, stock portfolios, retirement accounts, and even international assets. Each of these factors contributes to a more detailed and time-consuming process.

Here are several reasons why high asset divorce often takes longer:

• Extensive Asset Valuation
  Before any division of property can begin, all marital and separate assets must be identified and accurately appraised. This process can take months, especially when business valuations or inherited assets are involved. Proper documentation is critical, and gathering complete records may require subpoenas, forensic accountants, or expert testimony.
  
• More Disputes Over Property Division
  With more at stake, there’s often more conflict. Disagreements over what counts as marital property, the valuation of businesses or investments, or claims to inheritances can delay negotiations. If the couple cannot reach agreements through mediation, the divorce may require courtroom intervention—extending the overall timeline.
• Prolonged Court Proceedings
  High net worth divorces that proceed to litigation typically involve multiple hearings and extended review periods. Judges must evaluate financial disclosures, prenuptial or postnuptial agreements, corporate documents, and other evidence. Gaps between court dates and trial scheduling can significantly add to the overall duration.

California’s Mandatory Waiting Period Still Applies

Even if your high asset divorce is smooth and uncontested, California law still requires a mandatory waiting period before the divorce can be officially finalized. The court cannot finalize a divorce until at least six months have passed from the date the petition is filed and served on your spouse. This legal requirement applies to all divorces—regardless of asset level.

How Attorney Katherine Cohan Can Help You Navigate a Complex Divorce

Navigating a high net worth divorce in Los Angeles or Beverly Hills demands more than standard legal guidance. Attorney Katherine Cohan of Divorce Defenders brings experience in handling intricate financial issues, business interests, and asset protection strategies. Working with an attorney early in the process can help reduce delays, avoid common pitfalls, and ensure your rights are protected from start to finish.

Whether your concerns involve business ownership, property division, or spousal support, Attorney Katherine Cohan and her team are ready to advocate for your best interests every step of the way.