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While any divorce can be difficult or contentious, high asset divorces can be among the most challenging. Conflicts that arise over issues of spousal maintenance, child support and distribution of property, can make these cases costly both financially and emotionally. Simply put, the more there is to fight over in a divorce, the more fighting there will often be, to the detriment of all involved. The right legal guidance is essential to minimize unnecessary conflict and achieve a just resolution of all issues in your divorce.
At Stacy Valdez & Associates, our priority is helping our clients keep their assets and their peace of mind both during and after their divorce. We are committed to preserving what you have worked so hard to build.
Distribution of marital property is part of every divorce, and the process involves multiple steps. To divide the marital estate, the first step is to determine which property is “marital” and which is “separate,” belonging to one spouse or the other. It is not always obvious whether an asset is marital or separate, and how an asset is classified can have a large impact on the size of your marital estate.
Classifying assets as marital or separate is only the beginning. In order to divide assets fairly, it is necessary to know what they are worth. Many high asset divorces include complex assets, like closely-held businesses for which a value is not easy to determine.
An experienced divorce attorney can help ensure that your separate assets are not subject to division in your divorce, that all assets which should be included in the marital estate are, and that all marital assets are properly valued. Our high net worth law firm has access to respected, trustworthy professionals such as business valuation experts who can accurately value complex marital assets.
Spouses in a Texas divorce are required to disclose all assets and debts to each other. However, some spouses with significant assets try to avoid disclosing valuable property in an effort to keep it from being divided in a divorce. We work with forensic accountants who can trace concealed assets, so that they can be included in the marital estate and divided fairly.
In some high net worth divorces, particularly those involving longer marriages and older couples, it is common for one spouse to have been a high earner while the other sacrificed career opportunities to care for the family and home. In many such cases, it is appropriate for the low-earning spouse to be awarded alimony, known as spousal maintenance in Texas.
Our attorneys work to ensure a fair spousal maintenance agreement based on all the facts of your unique case. If it is not possible to reach agreement on this issue, we are experienced in litigating spousal maintenance issues in high asset divorce cases.
Many people who enter a marriage with significant assets or a large difference in wealth or income between partners have a premarital or prenuptial agreement. These agreements, commonly called “prenups,” can simplify financial issues in the event of divorce. However, sometimes prenups may have unclear terms or may be grossly unfair. We represent clients both in enforcing prenuptial agreements that are valid and in challenging those that should not be enforced.
Significant assets add a layer of complexity to a divorce. Work with an attorney who understands the issues unique to high asset divorces and has the experience to protect what matters to you. At Stacey Valdez & Associates, we offer the compassion you need and the strategic advocacy you deserve. We invite you to contact us to schedule a consultation so that we can help you divorce in a way that positions you well for the next chapter of your life.