Texas High Net Worth Divorces

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Experience When the Stakes Are High 

High net worth divorces typically involve special financial issues unique to that couple. Such issues could include undesirable tax triggers, transferability restrictions, vesting concerns, valuation problems or separate property tracing, among others. With over 40 years of experience handling financially complex divorces, our Dallas, Austin and Plano, Texas based attorneys have the expertise required to successfully guide you through the process.

What is Considered a High Net Worth Divorce?

There is no universal definition of what constitutes a high net-worth or high asset divorce. As a result, the label is generally considered descriptive of a marital estate that contains some combination of any of the following marital property assets or characteristics…

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How Do High Net Worth Divorces Differ from Traditional Divorces? 

The special issues unique to high net-worth divorces increase the complexity associated with successfully valuing and untangling the assets. A systematic approach that correctly identifies the special issues, as well as the solutions, is essential to ensuring both a clean, as well as equitable, final property division.

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Can I Avoid Going to Court in a High Net Worth Divorce?

Yes, you can. Settling out of court through negotiation is a desirable option if privacy, efficiency, and control are high on your priority list.

You can minimize the emotional and financial costs of protracted litigation by choosing to handle your divorce outside of the courtroom using one of several non-adversarial methods, including mediation, negotiated divorce, or collaborative divorce.

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What Should I Do if I Think My Spouse is Hiding Money? 

The first step is to work with your family lawyer and a forensic accountant who will get an understanding of your financial circumstances and guide you through the forensic accounting process. For more information, please listen to the podcast on “Is My Spouse Hiding Money?”

How is Separate and Community Property Determined in a High Net Worth Divorce?

The simplest answer is for the parties to stipulate and agree upon what property is separate. That can be accomplished through a premarital agreement before getting married, a marital agreement entered into during the marriage, or even by stipulation during a divorce process.

If no such agreement exists, however, methods for distinguishing separate from community property at the end of the marriage will vary, depending upon the type of asset.

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Work with Our Experienced Texas Divorce Attorneys  

At Goranson Bain Ausley, our goal is to educate you on your options so you have more control over your future. Our experienced Austin, Dallas, and Plano attorneys have the skills you need to negotiate a resolution in your divorce that meets your needs. And if litigation can’t be avoided, our expertise in high asset, high net worth divorce cases is well known and respected throughout the state of Texas. Contact us today.

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