With Strength And Compassion
Powers Kerr & Rashidi, PLLC
Couples who divorce in Texas must divide their assets on an equitable and fair basis. This includes bank account funds, vehicles, real estate, personal property, retirement funds, and even debt. However, property division can become difficult when a diverse range of assets are involved. For example, many high asset divorces involve the division of stock options, which are divisible in…
Dividing marital assets can be one of the most contentious issues in a Texas divorce, especially when a significant amount of money is at stake. In many cases, couples must resort to litigation and have a judge issue an order directing them as to how their assets should be divided. Litigating a divorce in court can be expensive, time-consuming, and…
Even those who have seen their divorce coming for many years may still find themselves fearful and financially unprepared for life after divorce. Although the transition will most likely be emotional, there are ways to ensure that both parties receive their fair share of marital assets and so are not faced with financial difficulties. Doing so often requires an in-depth…
Divorce can be a difficult process, no matter how respectful and amicable the parties are to each other. This is especially true in cases where substantial assets are involved, as it can be extremely difficult to account for and divide a diverse range of property and valuables. If you need help preparing for your own divorce, you should strongly consider…
Couples with high assets face a number of unique issues that other divorcing couples do not. This is largely due to the fact that these individuals have a variety of different assets that must be identified, valued, and then divided. In many cases, this also means that the parties own multiple pieces of real estate, including vacation homes, as well…
While many people think that the property division process during divorce only involves splitting up assets, such as bank accounts, the family home, or personal property, the reality is that those who are going through a divorce must also divide debt. Like assets, debts are divided based on their status as either community property or separate property, as well as…
Many high asset divorces require the division of substantial retirement funds, which in Texas, usually involves the issuance of a Qualified Domestic Relations Order (QDRO). These orders, which are issued by a judge, essentially separate and transfer retirement plans between two parties. In fact, the issuance of a QDRO is often necessary before an employer’s pension plan administrator will even…
Many couples who enter into a marriage with significant assets of their own choosing to create a premarital agreement, which ensures that property acquired prior to the marriage will not be divided upon divorce. However, prenuptial agreements are only enforceable in court if they are created in accordance with specific standards, so if you or your future spouse have significant…
Although most people associate divorce with child custody issues, alimony, or deciding who will keep the marital home, many couples who jointly own a family business must also divide the company itself. This requires an in-depth valuation of the business, as well as a determination of whether the company is actually jointly owned. Furthermore, once a couple’s business interests have…
Couples with significant or diverse assets are often required to deal with unique hurdles when going through a divorce. For this reason, many high asset couples are strongly urged to work closely not only with an experienced high asset divorce attorney, but also with a skilled financial team that can help assess the value of the couple’s property. To learn…