Grapevine Divorce Lawyers: Complex Asset Division Divorce
When significant assets and wealth are involved in a divorce, the division of property can become quite complicated. Financial issues can be complex and also quite contentious. Intricate wealth portfolios, owning multiple properties or even business ownership can complicate a divorce.
At Teller Law Firm, P.C., our divorce attorneys each have more than 30 years of experience helping families throughout Tarrant County and the surrounding Dallas-Fort Worth communities. They have dedicated their legal careers to helping Texas families overcome difficult and emotional legal challenges. We are committed to providing personalized attention and guidance to help you get through the complexities of your divorce.
Handling Complex Asset Division In Texas
As a community property state, Texas laws dictate that marital assets are divided fairly and equally between spouses. However, when a couple has complex assets, the division of property can get complicated. Our divorce attorneys are well-versed in Texas family law and have the knowledge and experience to help couples with a high net worth and significant asset and wealth portfolios navigate the intricacies of complex asset division.
What Are Complex Assets?
There are many different ways that the division of assets can be complicated, especially in a high-asset divorce with significant assets and wealth portfolios. Some examples of a complex marital estate include:
- Retirement accounts: Dividing retirement accounts, such as 401(k)s or pensions, requires careful consideration of tax implications and future benefits.
- Pension plans: Pension plans can be complex and difficult to divide, especially if they involve military benefits or government service.
- Multiple real estate assets: When couples own real estate in addition to their marital home, like vacation homes or investment properties, those real estate holdings need to be properly evaluated.
- Business ownership: Dividing business interests, including partnerships or sole proprietorships, requires a deep understanding of business valuation and tax implications.
In addition to these complex assets, property division in a divorce can get complicated when a spouse isn’t cooperating with financial disclosures. We have experience finding hidden assets and will work with forensic accountants if necessary to protect your rights.
Reaching A Settlement In Complex Asset Division Cases
Our lawyers provide customized legal advice to guide you through the complexities of your divorce. We work diligently to help you resolve your legal challenges in a cost-effective manner. In many cases, mediation can be helpful for resolving conflicts and helping you reach a settlement. Mediation involves a neutral third-party facilitator who helps you and your spouse negotiate a settlement. We work with clients going through mediation and also serve as mediators. Collaborative law also offers an alternative to litigation. The collaborative law process is where both parties agree to work together, with their attorneys, to reach a mutually beneficial agreement.
Consult A Grapevine Complex Division Of Assets Lawyer
If you have a complex asset division divorce, our divorce lawyers have the knowledge and experience to help you resolve your division of property in a cost-effective manner. Our attorneys are available for confidential initial consultations to discuss your unique situation and provide guidance on the best course of action. To schedule an appointment, call 817-612-4298 or send a message through our website. We want to protect your rights and help you achieve a fair and equitable settlement.