Discrete, Sophisticated Legal Representation for High-Asset Divorces

When many assets are involved in a divorce, the case becomes extremely complicated. When the stakes involve global portfolios, private equity, and multi-generational wealth, you need a Collin County High-Asset divorce lawyer. They have the experience you need in these types of divorce cases so that you can obtain a favorable outcome. The team at Albin Older Law is here to provide the legal counsel you need in these situations.

What is a High-Asset Divorce?

A high-asset divorce is typically one in which a couple owns assets exceeding $1 million. Both spouses may also earn incomes in the high-six-figure range or higher. High-asset divorces also include extensive stock portfolios, investments, and business ownership interests. Offshore accounts, family trusts, and other inheritances may also be included.

Why High-Asset Divorce is Different

Standard divorce proceedings often fail to address the nuances of a complex estate. 

• Commingled Assets: Determining what is truly “separate property” versus “marital property” in a long-term marriage can be complicated.
• Business Valuation: Protecting the operational integrity and value of closely held businesses or professional practices.
• Tax Optimization: Navigating the tax consequences of liquidating assets or transferring stock options (RSUs).
• Lifestyle Analysis: Ensuring alimony and support payments accurately reflect the standard of living established during the marriage

If you are facing a high-asset divorce, you can rely on the Albin Oldner team to protect your interests and your assets.

Common Issues in a High-Asset Divorce

Many issues arise in a high-asset divorce. Here are some common areas that we see as Collin County High-Asset divorce lawyers.

Alimony/Spousal Support

In a high-asset divorce, a spouse may file a claim for spousal support if there is a significant income disparity. They may seek spousal support if they put their professional development aside to support their spouse’s career. These areas can become complicated. The Albin Oldner team is here to fight for you, so you receive what is fair and are not forced to pay more than you should.

Property Division

Texas is a community property state. This means that assets, including property, will be divided fairly. This does not always mean equally. The court will consider various factors in making its decision. It will determine what constitutes a fair division of community property. High-asset cases may require expert valuation to help spouses settle.

Pre and Postnuptial Agreements

Many high-net-worth couples have prenuptial or postnuptial agreements. These protect them and their assets in the event of a divorce. While these agreements can work to make things easier, they can also complicate situations. When you have a Collin County High-Asset divorce lawyer on your side, they will help to sort out these issues.

Business Ownership Interests

One spouse may have business ownership interests that can complicate a divorce. You will want a high-asset lawyer on your side to make sure that you receive your fair share of whatever you may be entitled to.

Tax Issues

High-asset divorces are likely to involve tax issues. Transferring or liquidating assets can lead to capital gains taxes. Splitting up retirement or pension benefits can also cause tax issues. When you have a high-asset divorce lawyer working for you, they will know how to help in these situations, so you do not have to deal with large tax consequences.

FAQ About High-Asset Divorces

How long does a high-asset divorce take?

Because high-asset divorces are complicated, they can often take over a year to reach a final verdict.

Do I need a forensic accountant?

If you are looking to find hidden assets or trace separate property, you may want to hire a forensic accountant.

Can I give some of my assets to another party for safekeeping during my divorce?

This is not recommended. If you try to hide assets, you may face fines and penalties. 

Contact Us When You Need a High-Asset Divorce Lawyer in Collin County

You can trust Albin Oldner Law to use our decades of experience to help you with your high-asset divorce. Rely on us to answer your questions and guide you every step of the way.

Call us today at 214-423-5100 or contact us online to schedule an appointment so we can get to work for you.