Property Division And Business Valuation In High Net Worth Divorce
High wage earners with significant assets have much at stake in divorce. Protecting your share of the marital estate often requires experts and contested proceedings. Even an out-of-court solution requires sophisticated analysis and creativity.
The experienced divorce lawyers of Palmer Lehman Sandberg, PLLC are attuned to the special considerations of business owners, professionals and other high net worth clients. We handle high-asset divorces and high-conflict divorces in Dallas, Frisco, Plano, McKinney and throughout Dallas County, Collin County, and contiguous counties.
High Net Worth Couples And Complex Property Division
Three of our attorneys are certified in divorce and family law through the Texas Board of Legal Specialization, a designation earned only by a small fraction of all attorneys statewide. With decades of collective experience, our legal team can resolve complex property division through divorce litigation or through mediation or collaborative law. We will sit down with you to evaluate and discuss the best approach for your situation.
Texas law presumes that a couple’s accumulated wealth is community property unless proven otherwise. We can knowledgeably address a wide range of issues that arise in high wage earners and/or high net worth divorce, including:
- Valuation of a business or professional practice
- Qualified domestic relations orders (QDROs) to divide retirement assets
- Stock options and executive compensation
- Separate property owned prior to marriage
- Gifts or inheritance during marriage
- The residence, vacation homes, rental properties, and other real estate
- Collections and valuables
- Substantial debts and loan obligations
- Asset transfers or secret accounts
- Alimony (spousal maintenance)
- Child support for incomes exceeding the guidelines
Our lawyers can advise on many complications in high net worth divorce, from the tax issues related to liquidating property to the tracing of assets to make the case for or against commingled property and reimbursement. We involve business valuation experts and property appraisers, CPAs and forensic accountants, financial planners and other experts as necessary to make sure that all assets and accounts are accurate and accounted for.
Through negotiation or litigation, we help clients protect their priorities and achieve creative settlements. For example, if a husband does not want his wife to have an ownership interest in his business, the wife might instead be compensated through a promissory note, a larger share of the 401(k) or pensions, higher alimony, release from joint debts or a combination thereof.
Work With Board-Certified Specialists In Family Law
We have divided multimillion-dollar marital estates for clients throughout the DFW area. To talk with our Dallas attorneys regarding business valuation in divorce and other complexities, call us at 214-242-6444 or contact us online. We offer convenient office hours, flexible appointment times and reasonable fees.