Pursuing Fair Distribution of Community Assets and Debts
The division of assets and debts can be one of the most contentious aspects of the divorce process. If you or your spouse has substantial assets at stake in your divorce, you will want to make sure your lawyer is prepared to address potentially complicated financial issues.
At Schachter Harris, LLP, our Irving complex property division lawyers help clients throughout the Dallas-Fort Worth area pursue fair and appropriate asset division under Texas community property law. Our attorneys are experienced at addressing issues such as the following:
- Asset valuation: Certain assets — including businesses, intellectual property and stock options — do not necessarily have a ready market value. We are experienced at pursuing complex asset valuations with the help of qualified accountants and other professionals.
- Classification of assets: In Texas, most assets acquired by either spouse during a marriage are considered community property. However, there are some exceptions, as well as complications that arise when separate assets gain value during the marriage.
- Debt division: Allocating a community debt to one spouse is always a risky matter, as divorce decrees do not affect creditors´ rights to collect from both parties. Our lawyers pay careful attention to the division of debts in order to protect our clients´ interests.
- Retirement accounts: If your divorce settlement includes a provision for the division of an IRA, 401(k) or other retirement account, it is important to make sure the division is done properly. Our firm prepares qualified domestic relations orders (QDROs) in house.
Our attorneys take a creative approach to pursuing the results our clients deserve in business valuations and other complex asset division circumstances. Our extensive experience in this area has given us great insight into the subtleties of Texas community property law.
Call a Grapevine Divorce Attorney Toll Free at 877.900.9458
Our offices are conveniently located in Las Colinas (North Irving), with free parking. Initial consultations with our attorneys are generally free of charge. If you need help with a complex property division matter, call us toll free at 877.900.9458 or e-mail us to schedule a meeting.
