Complex divorces often involve high-value assets in dispute.
Here are some examples:
- Real estate, whether in the state or abroad, and jointly or family-owned businesses are assets that must be valued and distributed as part of a divorce.
- Business Valuation It is often an issue where experts may need to be hired.
- accounts Such as retirement accounts, 401(k) accounts, savings and pension plans), bank accounts (checking and savings accounts), deferred compensation and executive bonuses.
- Assets held in trust, investments, stocks, bonds, and royalties Other assets that may create complex problems. For example, tax issues can arise when it comes to the valuation and distribution of high-value assets, pre- or post-tax accounts, investments and offshore accounts. Working with an attorney who is experienced in these matters is crucial.
Texas is a community property state, so characterizing property as either communal or segregated is critical. Each spouse has an interest in the assets of the community. Each spouse may keep his or her separate property. Therefore, it is critical to properly characterize assets as discrete, community or blended. Correct characterization of assets is essential to ensuring equitable division of property.
Complex issues are not limited to purely financial matters. In some cases, custody and visitation of children is a matter of intense dispute and real issues arise regarding what is in the best interests of the children. Mental health professionals such as psychiatrists, psychologists, and social workers may be needed to resolve such complex conflicts.
Bad behavior by one spouse can also lead to complication. Oftentimes, we must seek court orders and orders from the judge to try to curb a spouse’s bad behavior and to protect the other spouse. Bad behavior can include, among other acts, domestic violence, wasting assets, hiding assets, and hiding debts. Protection orders, investigations, perhaps with the assistance of an outside investigator or forensic accountant, may be necessary to ensure that the spouse’s misconduct is stopped and exposed.
No one has to “go it alone” in a divorce, especially in a complicated divorce.
Experienced legal representation by a family law attorney should provide you with guidance, peace of mind, and protection throughout the divorce process.
Contact us online or call our office at 214-559-7202 Today to schedule your “Secret Conversation” to discuss your concerns and options for next steps.