Plano and Frisco Divorce Attorneys
Bringing a Team of Financial and Legal Experts to the Division of Marital Property in High Asset Divorce Cases
Does your divorce involve significant and complex assets? If so, then it’s imperative to include experts on the legal team. We represent business owners, executives, celebrity sports figures, and families with significant wealth. Our Frisco divorce attorneys work with a team of tax and financial experts to ensure we accomplish your property division with precision.
How We Help Our Clients
- In divorces involving ownership of a business, we will review whether there is a marital interest in the business as an asset (a prenuptial agreement could prevent the division of a business), a company agreement or buy-sell agreement that could affect the asset and interests of each spouse and if a business valuation will be needed to ensure each spouse receives a fair share. We bring a business valuator to the table.
- Dividing retirement and pension plans requires complex calculations of what part is separate and what part is joint. It may also require special document filings in order to avoid triggering a taxable event. Because of this, our attorneys work with professionals who specialize in retirement accounts.
- When clients seek to balance the division of marital property with spousal support (which partners can negotiate between themselves in divorce mediation even if a court would not order it), we bring in a tax accountant. We want to ensure the distribution is fair and that we have considered all tax consequences.
- When one (or both) partners has a complex executive compensation package, we recommend using the help of a tax attorney or one of our qualified business attorneys to identify what is “shared” and what is separate – and the tax consequences of that. Complex compensation may include not only a salary, but also annual and long-term financial incentives, stock options, severance packages and other perks.
Offering Clients Privacy and Discretion
Our high-asset clientele value their privacy. We can assure you that we make every effort to keep information about your divorce from the public view. One option for maintaining the privacy of your settlement agreement is divorce mediation. The results of mediation are not a matter of public record.
Mediation can work well even in high-asset divorce cases. Various financial professionals will finish most of the work in advance. This means you will have all the information at your fingertips at the time of the mediation session. With proper support and full information, clients can often arrive at satisfactory property settlement agreements.
Our business clients know the value of a dollar. They appreciate that our legal team works hard to minimize legal fees. In one high-asset divorce case that our firm recently mediated, one of the client’s had $80,000 in attorney’s fees. If they had worked with us, their fees would have been $30,000. That’s the difference between a big Dallas law firm and an equally skilled local firm in Plano, TX.
Meet with a Divorce Lawyer Serving Frisco, McKinney, Plano and Allen, TX
Schedule a time to meet with one of our Frisco property division lawyers. We think you’ll enjoy the comfortable, informal atmosphere of our office. We believe you will find our lawyers easy to talk to and ready to explain your legal rights and options.