The first step in a high-asset divorce is the division of property. Texas is a community property state, meaning a judge will divide marital property fairly and justly in a divorce. However, fairness and justice usually do not equal an even split. Marital property refers to any assets obtained during your marriage. The property is classified as separate if you owned it before the marriage or acquired through a gift, inheritance or a legal settlement.
The next step is to determine the value of your assets. The valuation process often involves experts such as accountants and financial planners to get a complete understanding of the estate. This part of the process may include assets such as:
• Homes and properties
• Vehicles
• Inheritances
• Investments
•
Business ownership• Retirement accounts
Our family law attorneys will also consider child support, custody and alimony issues in your divorce. Settlements and negotiations are often the next steps. Together, we will work tirelessly to negotiate a settlement that meets your needs and goals. If a settlement isn’t possible and we cannot agree on an arrangement, we will pursue a favorable outcome in court.
