Experienced Corpus Christi Legal Counsel For High-Asset Divorce Cases
At Lopez Law Firm, the attorneys understand that navigating through a divorce can be a profoundly challenging experience. This is especially true when significant assets are involved. The attorneys are here to provide guidance and support, ensuring that you are well-represented in safeguarding your financial interests during a complex high-asset divorce in Corpus Christi and throughout Texas.
With over a decade of experience, Lopez Law Firm is a boutique litigation and family law firm that takes pride in managing a selective client roster. This approach allows them to give focused, individualized attention to each case. Founding attorney Steve Lopez, with his strong background in civil litigation, knows how to handle intricate business valuations and complex property division issues that often arise in high-asset divorce scenarios.
Securing Your Assets And Future After Your Divorce
A high-asset or complex-asset divorce involves more than just the legal ending of a marriage. It includes the meticulous division of substantial marital estates and may cover a wide range of financial disputes. High net worth divorce cases require a seasoned attorney to navigate the complexities and protect your future.
In Texas, the property division process during a divorce follows the community property rule but assessing what constitutes community versus separate property in a high-asset scenario can be intricate. The courts strive to divide marital property in a way that is just and right, considering the rights of both parties.
Complex assets that may need to be addressed include:
- Businesses
- Investment properties
- Hidden assets
- Retirement accounts
- Stock options
- Intellectual property
- Luxury items and collectibles
- Offshore assets
Given the stakes, working with experienced attorneys is crucial. The team at Lopez Law Firm collaborates closely to ensure comprehensive support throughout your complex divorce proceedings.
What Happens To A Business In A Divorce?
When a spouse owns a business, its treatment in a divorce can vary significantly. The high asset divorce attorneys at Lopez Law Firm understand that each scenario requires a tailored approach, whether the business is a joint venture or individually owned prior to your marriage.
In cases where both spouses equally own a business, the division process can be complex. You might decide to continue co-owning the business post-divorce, sell the business and split the proceeds, or one spouse may buy out the other’s interest. Each option has its own set of legal and financial implications, requiring careful consideration and negotiation.
If one spouse owned the business prior to the marriage, it is typically considered separate property in Texas. However, the increase in the business’s value during the marriage and the nonowner spouse’s contribution, either direct or indirect, to that growth could be recognized as marital property. This recognition can entitle the nonowner spouse to a portion of the increased value.
Business valuations are crucial to this process to determine the fair market value of the business at the time of the divorce. This process involves reviewing financial statements, market conditions and other relevant factors. Accurate valuations ensure equitable distribution and can help mitigate disputes between you and your spouse.
How Do High Net Worth Divorces Differ From Traditional Divorces?
High net worth divorces often involve unique challenges that are not typically present in other divorces. These can include complex asset valuation, the division of substantial financial investments and negotiations over spousal maintenance. These divorces require an attorney well-versed in high-stakes negotiations and knowledgeable about the intricacies of financial assets.
Can I Avoid Going To Court In A High Net Worth Divorce?
In Texas, it is possible to avoid court in a high net worth divorce through alternative dispute resolution methods such as mediation. These processes can provide a more private, controlled environment for both parties to negotiate settlements. Opting for mediation can often lead to more amicable solutions and is worth considering if both parties are open to it.
What Property Will Be Divided?
In Texas, during a divorce, most property acquired during the marriage is considered community property and is subject to division. This includes not only physical property but also intangible financial assets. High-asset divorces often involve complex evaluations to determine the division of joint and separate bank accounts, real estate investments, businesses, stock portfolios, real estate, and any other significant investments and assets.
Ready To Protect Your Interests? Contact Lopez Law Firm Today.
If you are facing a high-asset divorce, do not hesitate to reach out for professional guidance. Contact Lopez Law Firm at 361-502-9285 or fill out an online contact form to schedule a consultation in Corpus Christi. Protect your assets and your future with the support of the dedicated divorce attorneys at Lopez Law Firm.