Protecting Your Interests In A High Net Worth Texas Divorce
When significant assets and wealth are involved in a divorce, the financial issues can quickly become complex and contentious. The stakes are high, and the outcome can have long-lasting implications for your financial future. At Teller Law Firm, our high-asset divorce attorneys understand the unique challenges that high net worth individuals face during divorce proceedings.
Practicing law since 1995, our high-asset divorce lawyers help clients navigate difficult divorces. Located in Grapevine, we serve clients throughout Tarrant County. Our Grapevine high net worth divorce lawyers have dedicated their legal careers to guiding families through emotionally charged legal challenges, always striving to protect our clients’ interests and secure their financial well-being.
Handling Complex Asset Division In A High Net Worth Divorce
In the state of Texas, all community property must be divided equitably in a divorce. Divorces involving high net worth marriages and couples who have been married a long time are often significantly more complicated than others. Some of the complex issues that may arise include:
- Business valuation: Determining the true value of a privately owned business or professional practice, and securing an accurate business valuation is important to achieving a fair and accurate property division.
- Real estate holdings: Assessing multiple properties, including vacation homes and investment properties, requires accurate valuations.
- Retirement accounts: Dividing 401(k)s, IRAs and pension plans equitably can get complicated.
- Stock options and restricted stock units: Valuing and dividing complex executive compensation packages requires careful evaluation.
- Offshore assets: Identifying and valuing assets held in foreign countries requires a knowledgeable attorney.
- Trust funds: Addressing the complexities of inherited wealth and family trusts can get contentious.
- Tax implications: Assessing the tax consequences of property division and support payments requires financial experience.
Our attorneys have extensive experience in all aspects of divorce, including the issues that arise with the complex division of assets and difficult financial considerations. We work diligently to ensure a fair and equitable division of assets, protecting your financial interests both now and in the future.
What Should You Do If You Suspect Your Spouse Is Hiding Assets?
If you believe your spouse may be concealing assets, it’s crucial to act quickly. First, gather any financial documents you can access, including tax returns, bank statements and investment records. Next, pay attention to unusual financial behavior, such as large withdrawals or transfers to unfamiliar accounts.
Don’t confront your spouse directly about your suspicions. Instead, consult with one of our experienced divorce attorneys. We can help you investigate potential hidden assets using legal methods such as subpoenas and depositions, as well as experts like forensic accountants. Our goal is to ensure all marital assets are properly disclosed and fairly divided.
Consult A High Net Worth Divorce Lawyer
At Teller Law Firm, we are committed to protecting your financial interests during your high-asset divorce. Our attorneys are available for confidential initial consultations to discuss your unique situation and develop a strategy tailored to your needs. To schedule an appointment, call us at 817-612-4298 or send us an inquiry through our website. Let us help you secure your financial future as you navigate this challenging time.