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Austin, TX 78730

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Austin, Texas High Asset Divorce Attorney

Austin Texas High Asset Divorce Attorney

Lawyers for Divorces Involving Properties, Retirement and Investment Accounts in Travis County

Most divorces have some amount of disagreement that must be negotiated, mediated or litigated. When a divorce involves high-value assets, however, it can be extremely complicated. Choosing an attorney who is experienced in handling these challenging divorces can make a significant difference in the outcome of your divorce. At Powers and Kerr, PLLC, we know how to successfully resolve high asset divorces in a manner that benefits our clients' interests. We are committed to protecting our clients and their financial futures.

Community Property and High Net Worth Divorce in Texas

In Texas, marital property is considered community property. Consequently, if you get divorced in Texas, any asset that is acquired during the marriage is fair game to be divided. A case can be made for certain assets to be considered separate property, however. If, for example, an inheritance is received during the marriage, that could be declared separate property. Depending on the circumstances, the classification of an asset as either community property or separate property may be more in your financial interests. We are experienced in negotiating and litigating these issues and effectively advocating for our clients' interests.

Valuing and Dividing High Value Assets

There is a lot at stake in a high asset divorce. To know just how much is at stake, your marital assets must be appraised. We work with financial specialists to accurately value our clients' assets including:

We also work with financial professionals to accurately assess marital debt, as that is also shared equally in Texas. Additionally, we are experienced in uncovering hidden assets and obtaining temporary restraining orders (TROs) to prevent your spouse from withdrawing assets prior to the settlement or judgment.

Besides property division issues, there are often disputes over spousal support and child support payments in high net worth divorces. In Texas, there are caps on both spousal support and child support. Even so, there is a lot of room for a skilled attorney to negotiate on these matters.

When you get divorced and you have assets of significant value, you cannot afford to entrust your case to a lawyer that is not experienced and knowledgeable in this area. To learn more about how we handle high asset divorces and how we can help you, contact us online or call 512-610-6199 to schedule a consultation.

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