Divorce For Professionals and High-Asset Divorce
Dissolving a marriage is rarely a simple process, but the matter becomes significantly more complicated when one or both of the parties involved are professionals with substantial assets and business interests. In these situations, divorce has the potential to impact a person’s long-term financial and professional future, affecting business associates, partners, and employees.
The term “high asset divorce” can be both confusing and misleading, “high asset” doesn’t refer to the amount of money in your bank accounts. It refers, instead, to any marital assets and property of high value. Things like homes and/or other real estate, business assets, investments, vehicles, collectibles, and a wide variety of other financial assets.
Reaching a swift and amicable solution to a high asset divorce in Texas is paramount, the best way to achieve it is by investing in an experienced high asset divorce attorney.
Marital Assets and Community Property
Marital assets include any property, both physical and invested, that was acquired by either spouse during the couple’s marriage. Typically, any assets considered marital property are subject to division and allocation in a divorce case. Texas, however, is a community property state. Here, all of the assets accumulated while married (with a few exceptions) are considered community assets, and there are particular rules when dealing with the disposition of community assets. Designation of community property and the allocation of property ownership can have a profound financial effect in a divorce proceeding.
That’s why both parties must have attorneys who are experienced in the specifics of local laws and well versed in high asset divorce in Texas.
Resolution Through Strategic Negotiation
Sometimes couples will choose to negotiate their divorce settlement instead of taking one another to court. If negotiations can be handled amicably by both parties, this is often in the best interest of all involved parties, instead of leaving the decision to a judge. A negotiated settlement tends to be quicker than litigation and gives each spouse more control over the details.
How divorce negotiations are handled and how assets are divided can go a long way in determining the tone of a couple’s post-divorce future. This is especially important when sharing custody of children, as the decisions that are made can, for good or ill, affect the rest of their lives. When couples seek a divorce settlement they should strive for a fair outcome that is as painless as possible and gets each spouse the property they deserve. A high asset divorce attorney can help you achieve those goals.
Gray & Becker, P.C., High-Asset Divorce Attorneys
The family law attorneys at Gray & Becker, P.C. specialize in high asset divorce in Texas and complex property and debt division. The attorneys work diligently with forensic accounting experts in complicated matters such as tracing and confirming separate property assets. The firm also has extensive experience working with business valuation experts to accurately value business interests and other valuable assets in a divorce proceeding.
Our high asset divorce attorneys have experience dividing assets that include:
- Stock options
- Restrictive stock options
- 401(k) accounts
- Pension plans and other retirement accounts
- Professional practices
- Real estate
- Oil, gas, and mineral interests
- Investment accounts
- Life insurance policies
- Business interests
The attorneys of Gray & Becker, P.C., understand this and the other unique needs of professionals involved in a divorce.
Past clients include physicians, dentists, attorneys, business executives, pilots, and other professionals. The firm’s combination of business insight and family law experience allows its lawyers to successfully resolve complex divorce cases through strategic negotiation and out-of-court settlements.
The legal team aims to protect the client’s interests by minimizing the effect of the divorce on business operations. Often this strategy includes tracing and documenting the client’s separate property.
Our firm routinely pursues the division of retirement accounts through qualified domestic relations orders (QDROs). Its attorneys are adept at developing creative strategies to accomplish a fair division of stock options and other potentially volatile investments.