Disclosing Assets Is a Requirement
We hold your spouse accountable for breach of fiduciary duty. Under California law, a marriage is much like a corporate partnership, with each spouse having a fiduciary duty to disclose assets and debts. For high-net-worth couples involved in divorce litigation, the requirement of full and complete disclosure cannot be underestimated. It is not uncommon for one or both of the parties to breach their fiduciary duty by hiding or undervaluing financial assets.
It is the policy of the State of California for parties to a dissolution proceeding to adhere to a policy of full and accurate disclosure of all assets and liabilities in which one or both parties have or may have an interest. Family Code Section 2100.
Meyer, Olson, Lowy & Meyers is recognized for its resources and capacity to handle high-asset divorce cases involving multimillion-dollar estates and high-value assets. Our attorneys work with forensic accountants, private investigators and securities professionals to investigate the financial evidence that is required for full disclosure. Family law judges take breach of fiduciary duty very seriously. If you have a sense that your spouse or partner has not fully disclosed assets, we are ready to fight for your rights.
In cases involving high-asset divorce, breach of fiduciary responsibility has an impact on several areas of your settlement or court judgment:
- Spousal support
- Child support
- Marital property characterization, valuation and division
- Tax issues and implications related to marital dissolution
- Cohabitation agreements, palimony
Contact our offices in Century City to schedule a consultation with one of our lawyers to discuss your circumstances.