Fort Worth High-Asset Divorce Lawyer

Financial matters are always primary divorce concerns, but in high-asset divorces, resolving the terms that relate to finances is often that much more challenging. High assets are closely associated with high conflict, which can complicate and prolong the divorce process. If you are facing a divorce that involves high assets, consulting with an experienced Fort Worth high-asset divorce lawyer early in the process is in your best interest.

 

The right lawyer can often be the difference between a fair or unfair settlement under the law.

The Financial Terms of Your High Asset Divorce

Those engaged in high-asset divorces face the same terms as anyone else who is going through a divorce, but the fact that high assets are involved can turn up the heat on the financial terms.

The Division of Marital Property

In Texas, marital property must be divided in a manner that is deemed just and right in the event of divorce. This means that the assets the couple came to own while they were married must be divided fairly – in relation to the involved circumstances – which does not necessarily mean equally. In determining this division, the court takes factors like the following into careful consideration:

 

  • The age and overall health of each spouse
  • Each spouse’s earning capacity
  • Each spouse’s level of education
  • Any dissipation of marital assets by either spouse
  • The tax consequences of the proposed division
  • Each spouse’s separate assets – those properties either spouse owned prior to marriage and kept separate throughout the marriage
  • Each spouse’s financial obligations
  • Anything the court considers relevant to the unique divorce case

 

The division of assets is often one of the most challenging divorce issues, and the more complex the assets, the more challenging you can expect it to be.

Alimony

Alimony only applies in divorces in which one spouse is left without the financial resources to continue supporting themself at the same standard of living achieved during the marriage. If one spouse has considerably more assets and the other’s standard of living will take a considerable hit upon divorce, alimony becomes more likely. In high-asset divorces, alimony has the potential to be a sticking point.

The factors the court takes into consideration when making alimony determinations include:

 

  • Each spouse’s financial resources
  • Any separate property owned by either spouse
  • The impact the alimony requirement has on the payor’s other financial obligations
  • The age, overall health, employment history, and earning capacity of the spouses
  • The requesting spouse’s contributions to the other’s education, career, or overall earning power
  • Whether either spouse dissipated marital funds inappropriately
  • The contributions to the marriage made by the spouse requesting alimony, including as a homemaker

 

Child Support

While child support in Texas is calculated according to a set process, the court does have the discretion to exceed the state’s set parameters when warranted. And very high assets sometimes trigger the court’s discretion.

When assets are high, each of these terms can be that much more difficult to negotiate.

Complicating Factors

In a high-asset divorce, there is a range of complicating factors that commonly apply, including:

 

  • The act of documenting your household’s complete financials can be challenging in and of itself. This can be even more complex if your spouse has more involvement in your family’s finances or engages in hiding assets.
  • You can expect your divorce to take longer and be more costly. Generally, forensic accounting and professional valuations are necessary.
  • The more diversified your assets, the more opportunity there is for your spouse to leverage financial advantages for themself, which can obscure the truth and make the matter more difficult still.
  • Owning a business and having multiple properties can also be complicating factors.

 

A Note about Separate Property

While separate assets remain the property of the original owner post-divorce, the matter is rarely this cut and dry. Over the course of a marriage, it is not unusual for separate assets to become entangled with marital property, which can weaken the claim of separateness. For those assets that are deemed separate, however, any increase in their value is likely to be considered marital, and an expansive financial portfolio is a prime example.

Consult with an Experienced Fort Worth High Asset Divorce Lawyer Today

At MBH Fort Worth | Family Law, our trusted high-asset divorce lawyers pride themselves on their impeccable track record for successfully defending our client’s legal rights – in pursuit of fair divorce terms that support their legal rights. High-asset divorces tend to be more complex and tend to require the level of skilled legal guidance we’re poised to provide. Your case is important to you and your children’s future, so please don’t wait to reach out and contact us for more information about what we can do to help you today.

Contact Us Today!

Put Our Team On Your Side

or call us at

817-900-8330

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    I highly recommend this law firm. I have had Brian and Kelly both represent me in now three seperate cases. They are men of integrity that are very prompt to answer questions and get back to you on important matters. They have always been well organized and stayed on top of the important information relevant to my cases. ...

    Loyd Camp
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    Timothy Alexander did an exceptional job handling my divorce case. He was extremely prepared, very informative, and he made sure I was always kept in the loop. His professionalism, guidance and empathy tremendously helped during what could have been a much more difficult time. I was so pleased with the final outcome and ...

    Donna DeTomaso
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    Highly recommend this law firm. Andrew McAlester goes above and beyond for his clients. He’s very resourceful and prompt in communication. I always refer Mr. McAlester to my family and friends in their time of need because I trust his judgement and I know he has his clients well being at the forefront of everything.

    William Hawthorne
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    Tim Alexander represented me during my divorce. His compassion, empathy and communication during the process helped keep additional stresses out of an already stressful situation.

    C Grucza
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    I highly recommend this firm. I mainly worked with Andrew McAlester. Andrew was super helpful and courteous during a very stressful situation that I found myself in. Thanks for everything!

    Dante Martinez
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    Timothy Alexander is an amazing lawyer. He helped me with everything I needed to do to get my divorce final in a very short period of time. I always try to refer to him when anybody asks for a divorce lawyer. Thank you for everything you’ve done.

    Autumn Colson
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    Kelly & Brian helped us in our child custody case and I am very pleased by their work. Our case ended up last almost 2 yrs due to COVID, however they were very easy to communicate with and constantly kept us up to date on our case and the courts. I would highly recommend them if you are needing a great custody lawyer ...

    James Homerstad
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    Mr. Alexander was the utmost professional. He was timely in his communication and very thorough in his answers. His approach helped make a difficult situation tolerable. One thing I greatly appreciated is that he did not just tell me what I wanted to hear. He would offer suggestions and allow me to make the final decisio ...

    Heather Varon
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    Kelly & Brian were amazing attorneys. I came to them when I really needed help with child custody issues, and they were committed to reaching the best possible outcome. I am writing this to express my most sincere thanks, and gratitude for their professionalism. They stuck by me through the last year in dealing with ...

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    Things happen and you need someone to tell it to you straight. Andrew McAlester is someone I trust to help me navigate through these difficult times.

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This page has been written, edited, and reviewed by a team of legal writers following our comprehensive editorial guidelines. This page was approved by Founding Partner, Constance Mims who has over 15 years of experience practicing exclusively family law. Mrs. Mims is Board Certified in Family Law, by the Texas Board of Legal Specialization..

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