Sugar Land High-Asset Divorce Lawyer
When it comes to high-net-worth divorces, the division of assets needs to be handled with care and precision. When high-value assets such as property are involved, it can be really challenging to come to an amicable agreement with a spouse, especially with foreign assets involved.
Here at Skillern Firm, we are skilled and experienced in everything family law. Our Sugar Land, Texas attorneys have a wealth of experience in dealing with complicated marital assets including offshore and foreign property. Our goal is to help you leave the proceedings happy and ready to move on with your life.
Contact Skillern Firm
Our team covers all aspects of family law, from spousal support to divorce cases, we even handle domestic violence cases and other high-conflict divorce scenarios.
We know what you are going through and know how stressful this time of your life may be. That is why we pride ourselves on our ability to shoulder your burdens, protect your rights and help you move past any impasse you may be facing. We can offer a sympathetic ear, mediate and negotiate on your behalf and guide you through the complexities of Texas divorce and family law.
Contact a Sugar Land, Texas high-net-worth divorce lawyer at Skillern Firm today, at 936-213-8479.
How Are Assets Divided in a Sugar Land, TX High-Net-Worth Divorce?
One of the reasons why high-asset divorces can be complex to handle is because of Texas divorce law regarding property division. In Texas, assets are divided into community and separate property
According to Texas law, property acquired during the span of the marriage is presumed to be community property. Community property is shared between the partners equally. This applies to substantial assets within the marital estate.
Community property does not always mean the Judge will divide the property 50-50 though. In fact, Judges in Texas have a number of different options when it comes to dividing community property. Your lawyer will be able to fight to ensure you maintain what is fair and reasonable.
Any property that was obtained by either party before they entered the marriage agreement is classified as separate property and is owned by that individual under family law.
However, it is often much more complicated, especially when high value assets, pensions, and inheritances are involved. If there were gifts to an individual given during the span of the marriage or investments have been made into stocks or bonds, division can become much more complicated.
There are other important things for your family law attorney to consider:
- Is there any separate property that cannot be divided by law?
- Was there a prenup agreement made and is it binding and enforceable?
- Is there a big enough income difference between partners to allow for an alimony plea?
- Is the other party hiding or downplaying their income and assets?
- Is one party going to remain living in the main residential property or will it be put up for sale?
- What will happen in regards to child custody and will child support be necessary?
Child custody is one aspect of family law that often results in frayed tempers and high emotions. This can make it a complicated topic to approach and one that needs to be handled carefully.
Anger can cloud the thoughts of even the most clear-minded individuals when it comes to their children, and this can make it difficult for spouses to come to an agreement with their children’s best interests in mind.
In the eyes of the court, the best outcome will is usually for both parents to be equally involved wherever possible. When dealing with family law cases involving child custody, your attorney will endeavor to negotiate and mediate for you and your spouse in order to come to a decision that will be the best for your children.
Another typically high conflict area in family law is child support. Child support ensures that the spouse who ends up with main custody has enough support to see that the child’s needs are met.
If you are the primary caregiver and you have given up a career or a job so that you can care for your children, you may need financial support after the divorce. Your attorney will be able to help you calculate this.
Valuing And Dividing Complex Asset Portfolios
High-net-worth divorces may require a significant amount of time and calculations. Your lawyer may have to locate and value assets around the world, 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.
The division of these high-worth assets in a divorce can make the process long-winded and complex. This is especially true when one spouse has a higher number and higher value of assets compared to the other.
This is where a good divorce lawyer can really help. With years of experience in dealing with cases just like yours, we can use our expertise and skills to handle your case in a speedy and proficient manner.
Stock Options And Retirement Assets
During the property division stage, it is important to consider any assets that may payout in the future. Stocks that are worth little now, may be worth substantial amounts in the future and if you do not receive your fair share, you may end up with less than you deserve.
Any stock options obtained through employment are exceptionally difficult to deal with. In these situations, your divorce attorney may reach out to specialist experts for further advice.
How a High-Asset Divorce Lawyer Can Make A Difference
During complex divorce proceedings involving high assets, it is crucial that you seek help from a skilled attorney with experience in cases just like yours. They will work to protect your rights and ensure that you are treated fairly and reasonably, leaving the proceedings with a favorable outcome.
Contact a Family Law Firm Today
When it comes to family law matters, you want a law firm that will fight passionately on your behalf. Skillern Firm understands the importance of cases like these and we will fight for your rights and for your best possible outcome.
We offer an initial consultation service where we can offer you advice and answer any questions you may have. We can evaluate your case, letting you know what we think is the best course of action and what we expect to be the results.
With our skill and experience, commitment to our attorney-client relationship, and knowledge of family law, we will help you move through this process as quickly and as smoothly as possible.
Give our team a call today at 936-213-8479.