High Asset Divorce Lawyers in San Antonio
If you’re facing a divorce, a critical element is protecting your financial rights. If your case involves high assets, you can expect the division of marital property to be that much more challenging. Consulting with an experienced divorce lawyer at Cook Law is an important early step.
Aspects of High Asset Divorce
A high asset divorce involves considerable marital property, which often includes assets like the following:
- Real estate
- Business ownership and interests
- Financial holdings
- Retirement benefits
- Intellectual property
- High-value assets, such as art, jewelry, watches, vehicles, heirlooms, and collections
Complications related to high assets include establishing the full scope of the marital estate, assigning value, and determining a fair division.
The Division of Property in a San Antonio Divorce
In the State of Texas, all assets that either spouse or both spouses acquired during the marriage are considered marital property. These marital assets belong to both spouses and must be divided between them in a just and right manner upon divorce.
This means the assets must be divided fairly in light of the unique circumstances. While your marital property may be divided between you equally, it won’t necessarily be.
Some of the factors that play a role include the following:
- The length of the marriage
- The size of each spouse’s separate estate, which refers to anything either spouse owned before marriage or kept separate throughout the marriage
- Each spouse’s contributions to marriage, including in the form of homemaking and caring for the children
Complicating Factors
The division of marital property in divorce can become very complicated very quickly, and in high-asset cases, even more complex.
Fraud on the Community
The higher the assets involved, the more complex the marital financials are likely to be. This affords more opportunities to hide assets, manipulate the numbers, and engage in other forms of fraud against the community.
Valuations
Establishing the value of more substantial property is challenging in and of itself. If you and your divorcing spouse are in disagreement on the matter, however, you can expect it to be even more difficult.
Tax Implications and the Division of Benefits
There are also the tax implications of the proposed property division to consider. In addition, the division of retirement accounts and benefits requires careful analysis.
If your divorce involves high assets, you need a skilled high asset divorce lawyer backing you up from the start.
Reach Out to an Experienced Divorce Attorney for Help
The seasoned San Antonio high asset divorce lawyers at Cook Law are committed to fiercely advocating for a fair division of marital assets that supports your financial rights. For more information, contact us online or call us at 210-740-0281 today.