Representation In High-Asset Divorce Cases
The division of property is one of the most argued elements of divorce. For couples of means, this can be a particularly complicated task requiring representation equipped to handle the complexities of highly valued assets, property and business interests.
At the Law Office of Irene G. Mugambi, P.C., we provide the highest level of skill and sophistication in the valuation of assets and characterization of property. While the state of Texas is a community property state, that does not necessarily mean 50-50. Much of the final decision regarding the division is left to the discretion of the judge. The court will divide the property equitably. This requires that it is provided a clear and accurate value of each asset and understanding of that asset’s current and future worth.
Protecting Your Interests In A High Net Worth Divorce
All property that is held between the two spouses is considered community property, whether the spouse brought the property into the marriage or earned it during the marriage. Unless there is a prenuptial agreement, all community property will be split equitably. The only exceptions to this would be certain inheritances, gifts and trusts, which are considered separate property and exempt from the division.
All property will be divided. This includes retirement accounts and investments as well as any business interests. Our attorneys will carefully trace all assets and investments to determine the specific value of each. Should the couple own a business or professional practice, we will provide a clear understanding of how that business will be split. Regardless of which spouse was primarily involved in the business or practice, it is still considered community property unless otherwise agreed upon in prior agreements or contracts.