Answering Your Frequently Asked Questions About Divorce
When you’re facing a divorce with a high-income earner, an executive or someone with significant assets and wealth, you probably have a lot of questions. At Teller Law Firm, P.C., located in Grapevine, we understand the complexities of high-net-worth divorces.
Our divorce attorneys, each with more than 30 years of experience, have dedicated their legal careers to providing families throughout Tarrant County and the surrounding Dallas-Fort Worth communities with legal guidance and advice, no matter how complicated, high-profile or high-conflict your divorce might be.
What qualifies as a high-asset divorce in Texas?
In Texas, a high-asset divorce typically involves significant assets such as real estate, investments, businesses or other valuable properties. These divorces often involve complex financial situations, including multiple income streams, investments and other financial interests. If you’re facing a divorce with significant assets, it’s essential to work with a divorce attorney who has experience handling complex financial situations and divisions of property.
How is property divided in a high-asset Texas divorce?
In Texas, marital property is divided according to the community property laws. This means that most assets acquired during the marriage are considered community property and are subject to a fair and equitable division. An equitable division doesn’t always mean a 50/50 split.
However, separate property, such as inheritances or gifts, may be exempt from division. Our divorce attorneys will work with you to identify and value your marital and separate property, ensuring that your interests are protected throughout the divorce process.
How are business interests handled during a high-asset divorce in Texas?
Business interests can be a significant aspect of high-asset divorces. Our attorneys have experience handling complex business valuations, ownership structures and other business-related issues that arise during a divorce. We’ll work with you to understand your business interests and develop a strategy to protect your rights and interests.
What financial documentation should I gather for my high-asset divorce?
Gathering financial documentation is a critical step in preparing for a high-asset divorce. You should collect documents related to your income, expenses, assets, debts and other financial interests. This may include tax returns, bank statements, investment accounts and business records. Our attorneys can guide you through the process of gathering and organizing these documents to ensure that you’re prepared for the divorce process.
How can I protect my separate property in a high-asset Texas divorce?
Protecting your separate property is essential in a high-asset divorce. Our attorneys can help you identify and document your separate property, ensuring that it’s not commingled with marital assets. We’ll also work with you to develop a strategy to protect your separate property throughout the divorce process.
How are hidden assets discovered during a high-asset divorce?
Hidden or concealed assets can be a significant concern in high-asset divorces. Our attorneys have experience using various techniques to discover hidden assets, including financial discovery and analysis. We also employ other investigative methods, utilizing forensic accountants if necessary. We’ll work with you to identify and uncover any hidden assets, ensuring that you receive a fair and equitable distribution of marital property.
Is mediation or collaborative divorce a viable option for high-asset divorces in Texas?
Yes, mediation or collaborative divorce can be a viable option for high-asset divorces in Texas. These alternative dispute resolution methods can provide a more efficient and confidential process for resolving divorce disputes. Our attorneys have significant experience with the mediation process and collaborative divorce, even serving as neutral mediators themselves. They can assess your situation and help you determine if these options are right for you.
Consult A Grapevine High Net Worth Divorce Attorney
Every divorce scenario has its own unique set of facts and circumstances. Our divorce lawyers at Teller Law Firm provide customized legal guidance and advice. If you still have questions about your specific situation, they are available for confidential, initial consultations to discuss your case and develop a strategy to protect your rights and interests. To schedule an appointment, call 817-612-4298 or send a message through our website. We’re here to help you navigate this challenging time.