Dallas and Plano Complex Property Division Attorneys

Protecting Your Individual Interests

It seems that the more complicated the assets involved in a divorce, the more anxiety surrounding the divorce.

At The Barbknecht Firm, P.C., part of our job as lawyers is to help our clients deal with the anxiety of divorce by giving them predictability. Our Plano complex property division lawyers have handled a variety of divorces involving the division of complex assets, and we know how these assets are handled by Texas courts if couples fail to reach a divorce settlement on their own.

Contact our Plano complex property division lawyers today. We serve clients in Dallas, Plano, Frisco, Allen, McKinney, Richardson, Carrollton, Highland Park, University Park, Garland and all of Collin, Dallas, Denton, Grayson, Hunt and Tarrant counties.

Texas Asset Distribution Lawyers

Our Plano complex property division lawyers can assist you with valuating and dividing complex property interests:

• Ownership of one or more businesses or income-producing properties.
• Multiple retirement and investment accounts that have been brought into the marriage.
• Missing or destroyed records. (To claim assets are separate property, you must be able to prove it through records.)
• Significant incentive compensation such as stock options, bonuses, and performance incentive pay that will pay out at some date.

By understanding how Texas courts have dealt with similar assets in the past, our Plano high asset divorce lawyers can help you set realistic expectations and plan accordingly.

Valuing Significant Assets

A complex property division involves a number of legal and procedural steps. To begin with, your divorce attorney needs to hire experts in valuing the marital assets involved. Here are some examples of how different types of assets are valued:

• Business interests need to be valued fairly and competently. If one party is going to retain the business, there needs to be a financial offset for the other party.
• When valuing pre-tax retirement accounts such as 401(k) plans, you need to consider that up to one third of the value will disappear in taxes when the money is withdrawn.
• Future compensation such as stock options and long-term performance incentive pay need to be valued in today's dollars, which can deduct a significant portion of the potential future value.

If you are a business owner, you should consult an experienced Plano complex property division lawyer months before your divorce action. There are a number of legal and legitimate steps you can take to minimize the effect your separation and divorce settlement will have on your business. You should be aware that private financial information about your business will need to be disclosed and this may need to be discussed with partners and shareholders.

Tarrant County Investment Accounts Law Firm

Contact our Texas asset distribution attorney at The Barbknecht Firm, P.C., for a free initial consultation. You can count on us to get you through this.

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