In any divorce, the property division process includes identifying and valuing the marital assets. When the couple has complex assets, however, the process typically requires help from lawyers, accountants, appraisers and other experts.
The Webb Family Law Firm, P.C., has considerable experience with complex divorce and the division of sophisticated assets. If you are a business owner, professional or high net worth individual, you will want a lawyer who understands the importance of properly valuing assets.
Property Tracing And Identifying Assets
Property tracing is a crucial step in protecting your interests during property division. In Texas, unless an asset is specifically designated as separate, it is usually considered marital/community property. If there are assets with ownership in question, we may have to trace them back to the initial ownership when the rights were acquired. To accomplish this, we work with financial experts, forensic accountants and private investigators. In addition, we can help you locate hidden assets.
Valuing Marital Assets
Complex assets such as businesses, investments or offshore accounts can be difficult to value. To accurately value assets, we work with professionals in many areas, including:
- Business valuators
- Experts in the business's field or industry
- Real estate appraisers
- Appraisers of art, jewelry, antiques and vehicles
- Experts in gas and oil rights
- Financial experts to assess stocks, investments and insurance
- Tax experts
Once assets have been valued, we will begin negotiations to divide them. We recommend beginning with negotiation or mediation rather than letting a judge make the decision. In most cases, the parties are better off if they can agree on the property settlement. However, when necessary, we will take the case to trial.
Contact A Dallas Complex Asset Division Attorney
To schedule an appointment, please call our Dallas office at 972-863-0279 or contact us online.