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Entertainment & High-Asset Specialist

Divorcing in Los Angeles?
Entertainment Royalties, Business Equity, Real Estate — Do You Know What's Community Property?

Residuals, production companies, real estate — California's community property law requires expertise. This guide shows you exactly what to protect.

Leanne Ozaine, CDFA® & CFP® | Specializing in high-asset divorces

Turn Panic Into Power — $97
Important Disclaimer: Leanne Ozaine is a Certified Divorce Financial Analyst® and CFP® professional who provides financial education and coaching services only. She is not an attorney and does not provide legal advice. For legal guidance specific to California divorce law, always consult with a qualified family law attorney licensed in California.

Gray Divorce in Los Angeles: When Entertainment & Business Wealth Meets 50+ Divorce

If you're over 50 and facing divorce in Los Angeles, your divorce isn't about custody battles—your children are likely grown, in college, or establishing their own careers. Instead, you're facing the financial complexity of dividing decades of accumulated wealth in one of the nation's highest cost-of-living regions.

This is especially challenging if you've never personally managed the family finances. Perhaps your spouse handled the entertainment royalties, production company, business interests, or real estate portfolio while you focused on family and home. Now you're navigating questions like:

The Business Is Worth $2 Million. The Royalties Keep Coming. How Much of That Is Yours?

You spent 30 years supporting the business. Raising the children so your spouse could work 80-hour weeks. Entertaining clients. Sacrificing your own career.

Now the business is worth $2 million, the royalties from past work keep arriving, and you're supposed to accept whatever valuation your spouse's expert produces?

Business valuations aren't objective facts. They're arguments. And your spouse's expert will minimize value at every turn: discounts for lack of marketability, depressed revenue projections, "adjustments" that shave $500,000 off the number.

And that's just the business on the books. What about entertainment residuals from work performed during marriage? Production company profit participation? Intellectual property rights? Deferred compensation that vests next year? Your spouse knows every dollar. You might not know these income streams exist.

You don't need to become an expert in business valuation or entertainment law. You need someone who knows where value hides in LA wealth, challenges low-ball numbers, and makes sure 30 years of your sweat equity aren't erased by creative accounting.

The difference between understanding LA wealth and not? It can easily be $300,000-$500,000 in your final settlement.

Turn Panic Into Power — Get the Guide →

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Know what you'll actually have to live on

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What Makes Los Angeles Divorces Unique

Entertainment Industry Assets

Los Angeles is the entertainment capital of the world, creating unique divorce financial challenges:

Residuals & Royalties: Income from past work in film, TV, music, or writing continues indefinitely. In California community property law, residuals earned from work performed during marriage are community property—even if they're received after divorce.

Intellectual Property: Scripts, music rights, character rights, and other IP created during marriage may be community property with ongoing value.

Production Company Ownership: Many entertainment professionals own production companies or have profit participation agreements. Valuing these interests requires specialized knowledge.

Variable Income: Entertainment income is notoriously unpredictable. How do you calculate spousal support when income swings from $50,000 to $500,000 year to year?

High-Value Real Estate

Los Angeles real estate values are extraordinary. Many of our clients own multiple properties:

Key questions for gray divorce: How do you divide multiple properties equitably? Who gets which property? What are the tax implications of each option? Can you afford the property taxes and maintenance on one income?

Professional Practices & Businesses

Los Angeles has high concentrations of medical practices, law firms, talent agencies, and professional services. California law treats professional goodwill as community property, significantly affecting business valuations.

Common scenarios:

Valuing and dividing these businesses requires forensic accounting and understanding California's specific rules about professional goodwill.

Los Angeles's Affluent Lifestyle

Los Angeles (Beverly Hills, Bel Air, Pacific Palisades, Santa Monica) has some of California's highest costs of living. This affects:

Spousal support calculations: The "marital standard of living" in LA's upscale neighborhoods can be very high. Maintaining even half of that standard post-divorce may require substantial support.

Housing costs: Whether renting or buying, staying in Los Angeles post-divorce is expensive. Many 50+ clients face the question: relocate to a more affordable area or struggle financially to stay?

Retirement planning: Can you retire in Los Angeles, or do you need to plan for relocation to make your retirement assets last?

Gray Divorce in Los Angeles: The Financial Reality

In Los Angeles, we work with clients divorcing after 20, 30, or 40+ years of marriage. Here's what makes gray divorce financially complex in this region:

Accumulated Real Estate Wealth

If you bought property in Los Angeles 20-30 years ago, appreciation has likely been extraordinary. Homes purchased for $400K-$800K in the 1990s or 2000s are now worth $2M-$5M or more.

Critical decisions: That appreciation is community property. Do you sell and split it? Does one spouse buy out the other? Can either of you afford to keep the home? What about capital gains taxes?

Retirement Planning in an Expensive Market

When you're 50, 60, or older, you don't have decades to rebuild wealth. Every asset division decision affects your retirement security.

Learning to Manage Wealth Independently

Many of our LA clients—particularly those who supported a spouse's entertainment career, professional practice, or business—have never personally managed million-dollar portfolios, rental properties, or complex investments.

You're not alone: We help you understand what you have, how it generates income, and how to manage it going forward. Entertainment royalties and business interests aren't intuitive, but they're learnable.

California Community Property Law Applies

As a Los Angeles resident, your divorce follows California's strict community property laws:

The Rule of 65: If your age plus years of marriage equals 65 or more, spousal support may continue indefinitely. This is particularly important for gray divorces where one spouse supported the other's career.

Learn more about California's community property laws →

Serving Los Angeles Communities

We provide virtual divorce financial planning services throughout Los Angeles, including:

Your Divorce Is 80% About Money. Who's Protecting Your 80%?

Whether you've managed entertainment royalties for years or you're learning about asset valuation for the first time, we provide the education and guidance you need.

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