Breach of Fiduciary Duty in Divorce

When divorce papers are filed, you may think that you do not owe your spouse anything. However, you will have a duty to preserve community assets until the final property division. The lawyers at Feinberg & Waller, APC, have extensive experience in complex divorce cases. They can inform you of what your fiduciary duties are and they can provide legal assistance if you think your spouse may have breached his or her duty.

If you want to know more about the duties you owe a spouse during a divorce or are concerned that a spouse is hiding assets, we can help. Contact our California lawyers who handle breach of fiduciary duty in divorce matters online or call 818-224-7900 to schedule an initial consultation.

The Duty to Preserve Community Property

According to the law, until property division is finalized in divorce or legal separation proceedings all property is still considered to be community property. Community property may include:

  • Homes and other real estate
  • Stocks, bonds, and other investments
  • Retirement funds and pension plans
  • Businesses
  • Fine art, vehicles, and other tangible goods

Each spouse owes the other the duty not to dispose of community property. One of the biggest issues in this context is the duty to disclose all assets and liabilities, regardless of whether you consider it to be separate property. You must also notify your spouse of any material changes to the property, including any job promotions or bonuses you receive. Our experienced Calabasas attorneys can help you determine what your assets consist of, and inform you of your duties to preserve all assets.

The Consequences of Breaching Your Fiduciary Duty

The consequences of breaching your fiduciary duties can be severe. The courts are not shy about handing down significant sanctions, including sanctions for bad faith and refusal to sign a divorce decree. The lawyers at our Beverly Hills divorce law firm can help you get a full accounting of your assets. We also work with forensic accountants to ensure that your spouse is not concealing or otherwise disposing of assets. When significant assets are at stake, you need a law firm that has extensive experience handling high-asset divorce cases.

Call for an Initial Consultation With a Los Angeles Divorce Litigation Lawyer

If you are facing a divorce, make sure you protect yourself and follow your fiduciary duties. Contact our Los Angeles high-asset divorce lawyers online or call 818-224-7900 to schedule an initial consultation.