Cypress High-Asset Divorce Lawyer
Divorces can be straining for both parties. With the decisions that need to be made, emotions can run high and tempers can boil over exceptionally quickly.
One aspect of divorce that is almost always hotly debated, is the division of assets. Everybody is fighting for what they think is the fairest and most reasonable division of assets and, very rarely do their opinions align.
When one or both parties are classified as high-net-worth individuals, or the marriage contains assets of a high value, it can become even more complicated.
In this situation, it’s highly recommended that you hire an experienced, skilled attorney to help you sort through your assets and marital estate.
At Skillern Firm, our attorneys have dealt with numerous cases involving high-value assets. This gives us a great pool of legal knowledge and experience to draw upon when helping you through the process.
We want to help you and your spouse divide your assets in a fair and reasonable manner, one that is hard to dispute. We will aim to do this as quickly as possible, preventing both parties from racking up hefty legal fees due to disagreements.
Contact Skillern Firm Today!
Our Cypress divorce lawyers are trained in negotiation and mediation and are knowledgeable in the divorce laws that govern the state of Texas.
By getting in touch with one of our skilled Cypress divorce lawyers, we can arrange an initial consultation where we lay out a roadmap of the best course of action to take.
This will allow you to move onto a brighter new future, as smoothly, and as friction-free as possible.
Contact us today to discuss your family law matters, our phone number is 936-213-8479.
How Are Assets Divided in a Cypress High Net Worth Divorce?
In a divorce involving large numbers of high-value assets, you are going to need help sorting through them all. Texas is a community property state meaning you will need to figure out what assets belong to the individuals and which assets belong to the marriage.
This is where a team of Cypress family law attorneys can prove instrumental. They will help prevent the breakdown of communication. This skill is invaluable, especially when it comes to meeting to discuss things like spousal support.
Community Property Division
When it comes to family law cases like this, the law states that all property the couple has obtained during the period of their marriage is automatically considered to be “community property” and thus, is jointly owned.
This property is often shared equally and fairly between the parties during the divorce. These assets can include property, businesses, and investments.
In Cypress, TX, Judges have several methods of dealing with this division. Texas does not follow the 50-50 split, instead, they follow an equitable split, meaning Judges will divide the assets depending on what they find fair and reasonable
Your Cypress, TX divorce lawyers will know what plan of action to follow, which is why seeking representation for your divorce is so instrumental. They will know what is fair and reasonable and can prevent the need for litigation and rising legal fees while you and your spouse sit at an impasse.
Separate Property Division
Any property that was obtained before the marriage by either individual, is classified as separate property and belongs to that individual solely. Separate property can also be acquired during the marriage as a gift, inheritance, or personal injury settlement. An experienced Cypress divorce attorney can help you determine what property is considered separate property.
There are lots of important factors that you and your Cypress family law attorneys will need to take into account when dealing with the divorce law involved in your case.
- Is there any separate property that by law, is not able to be divided?
- Did you or your spouse sign a prenup before the marriage?
- Is there a large income disparity between you and your spouse?
- Is the other spouse hiding assets, income, or investments?
- What will happen to the main residence?
- Will there be any child custody agreements, child support, or alimony?
- Do we need the help of experts or business attorneys to help value assets and investments?
Child Support & Child Support Modifications
If you and your partner have children from your current or past marriages, child support is often a volatile subject.
Marriage is a partnership that allows both parties to share certain responsibilities. This means that you and your partner agree to ensure that all of your children’s needs, emotional, physical, and financial, are met between you.
Leaving this partnership does not mean that the child no longer has these needs. It means you will need to come to an arrangement in order to see that these needs are still met between the two of you after you have divorced.
At Skillern Firm, we understand that alongside the division of assets, child support, and child custody are going to be the toughest issues to deal with. That’s why we use a mix of mediation and negotiation to help you and your partner come to an amicable agreement.
This helps prevent a breakdown of communication that cause each party to make decisions that are not in the best interest of their child in the heat of the moment.
Here at Skillern Firm, we will remind both parties that the needs of the child always come first. This means we will work tirelessly to protect their rights and future as well as yours.
Valuing And Dividing Complex Asset Portfolios
When marriages have a lot of complex assets like long-term investments, bonds, and foreign assets, you might need more than just a skilled law firm.
At Skillern Firm, our contacts include experts in the fields of finance and investment who we can call in to help value and divide the more complex assets involved in your divorce.
This may be instrumental if you want to receive a fair and reasonable division of future assets or if you believe your spouse is hiding assets.
This allows us to locate and value assets such as:
- Life insurance policies.
- Retirement accounts.
- Patents and intellectual property.
- Rights and royalties.
- Private and public companies.
- Stocks and bonds.
- Oil and mineral rights.
- Foreign employee benefit plans.
- Domestic and foreign real estate.
We know how complicated it can be to divide assets like this, which is another reason why seeking the help of a law firm like Skillern Firm will usually result in the best and fairest allocation of assets between you and your spouse.
Stock Options And Retirement Assets
When individuals have investments that seem small now but have the potential to pay out huge sums in the future, they may attempt to undervalue these investments. If you allow them to do this, you may find that later on down the line, you got the poor end of the deal.
These include stocks and investments in companies and startups that need to be correctly valued.
For example, one spouse may receive stock options through their employment that require expert involvement to really understand their value.
We have dealt with this before and our team will be able to help you correctly value all assets involved in the marriage, from intellectual property to stock options and retirement accounts.
Our team will fight aggressively to ensure that you have the best possible chance at the bright new future you deserve.
Q: What is a high-asset divorce?
A: A high-asset divorce can either relate to a divorce where one spouse has substantial assets compared to the other spouse. High-asset divorce can also mean when the combined assets of both spouses equate to a high value.
Q: Does a good divorce lawyer make a difference?
A: When there are numerous and large complicated assets involved in the marital estate, without a skilled experienced high-asset divorce attorney, the other party may hide assets and walk away with a much better deal.
A skilled high-asset divorce lawyer will be able to speed up the process, so you do not rack up large legal fees, whilst ensuring you receive the fairest and most reasonable allocation of assets.
Schedule Your Initial Consultation With Our Experienced Cypress Divorce Lawyers Today
Whether you are concerned about your spouse hiding assets, child custody arrangements, or the amount of spousal support your spouse is seeking, we recommend obtaining legal representation from a skilled family law firm.
At Skillern Firm, we prioritize our attorney-client relationship. Your future and your rights are of the utmost importance to us, and we are ready to fight aggressively to protect both.
We want you to transition into your new life with as little friction as possible while ensuring the brightest new future for you and your family if you have children.
Get in touch today to arrange your initial consultation and discuss our legal services. In this consultation, we can evaluate your case and give you some immediate advice.
We will help guide you through the allocation of assets and through the divorce process as quickly as possible, so give our team a call today at 936-213-8479.