Sugar Land High-Asset Divorce Lawyer

High-Asset Divorce Attorney in Sugar Land, TX

High-asset divorces can often be more challenging than other divorce cases. The value of assets that need to be split requires much more scrutiny, preparation, and legal knowledge. A Sugar Land high-asset divorce lawyer can help you with all of those things and more.

Being a Sugar Land divorce lawyer means being ready to support clients in a variety of situations. At KGK Family Law, we combine that necessary flexibility with a kind, compassionate approach to help you pursue your goals.

Considerations for High-Asset Divorces

High-asset divorces come with factors that a standard divorce process might not. This can be common in Texas. In 2023, over 2.3 million divorced people lived in Texas, as well as more than 473,000 separated individuals.

Valuable real estate is a common consideration in many high-asset divorces. If you own a home in Sweetwater Estates, you likely don’t want to lose out on much of its value. However, these cases can have many other factors, including: 

• Professional valuation. Obtaining the accurate value for assets helps to split them equitably.
• Business ownership. A jointly-owned business adds even more complexity to the divorce.
• External assets. You might have assets outside of Texas that are considered marital property.
• Pre-existing agreements. Prenuptial, postnuptial, and other legal agreements can affect how property is split during a divorce.

Additionally, many people going through a high-asset divorce value discretion in the process, not wanting to make their financial details known to the public. Careful planning and knowledgeable representation can help with this.

Businesses and High-Asset Divorce Laws

Splitting a business during a divorce is a complex legal matter. This is a situation where you really need to hire a high-asset divorce lawyer to help you through the process to avoid sacrificing the business.

Sometimes, a business may be considered separate property and not eligible to be split. Many couples start a business together, however, or do so in a way that it becomes at least partially a joint asset. In that situation, getting a thorough valuation of the business is vital to splitting it equitably.

Resolutions for a joint business can include: 

• Continuing to be co-owners of the business
• Paying one spouse their share of the business’s value
• Trading other assets to keep the business

Divorce Resolution Options

Your options to resolve a divorce in Texas depend on how much you and your spouse agree, as well as whether any children are involved in the case.

Many divorces are resolved fully through litigation, going through court processes and having a ruling by a judge. This can be costly, though, and is harder to keep private.

When both spouses are willing to cooperate, they can agree to settle their case via mediation or arbitration. With legal support, they can reach an agreement outside the court. If that agreement seems equitable and is in line with current divorce laws, then a judge likely will not intervene.

It can be difficult to understand what options you might have for resolution during a divorce. Speaking with a Sugar Land high-asset divorce attorney can help you understand what paths are open to you and which ones are most likely to align with your goals.

Hire a High-Asset Divorce Lawyer in Sugar Land

Working through a high-asset divorce means determining how to split up a lot of valuable belongings in your life. This can add even more stress to the already-difficult divorce process. You can reduce some of the strain on yourself by working with an experienced Sugar Land divorce attorney.

The attorneys at KGK Family Law have over 40 years of combined experience practicing family law in Sugar Land and the surrounding area. We understand that when valuable assets are on the line, it is important to get things right the first time. We can help advise you on your options, check over any paperwork, and discover any assets your spouse might be hiding.

FAQs

What Assets Cannot Be Touched in a Divorce in Texas?

In Texas, most assets acquired during a marriage are considered joint property. Additionally, assets obtained before the marriage but that gained value during the marriage might be partially eligible to be split. Assets that were kept entirely separated from marital funds, or were covered under a prenuptial agreement, often cannot be touched in a Texas divorce.

Why Shouldn’t You Leave Your House During a Divorce?

Leaving your house during a divorce, without an existing agreement in place, could be seen as abandonment. It might make it easier for your spouse to keep the house, or hurt your chances at obtaining a favorable child custody agreement. In general, it is good practice to avoid making any major changes without a formal agreement.

What Is the Biggest Mistake During a High-Asset Divorce?

The biggest mistake during a high-asset divorce might be attempting to hide assets. This is against the law and could result in further penalties against you. Additionally, it might make courts rule more favorably towards your spouse, giving them a larger share of the split assets. We advise clients to be honest about any assets that might be eligible for splitting during a divorce.

Who Gets More in a High-Asset Divorce?

Texas does not automatically favor one spouse, so there is no consistent standard for who gets more in a divorce, even in a high-asset one. The courts will try to make an equitable split that considers the means, circumstances, and potential fault of both parties. If one spouse fails to attend court appearances or tries to skirt the legal process, they may receive less than the other spouse.

Compassionate Legal Guidance With KGK Family Law

In a high-asset divorce, protecting your interests is crucial. Your financial future can be heavily impacted by the terms of the divorce. That is why it is vital to work with an experienced family lawyer who is well-versed in high-asset divorce cases.

When you need guidance in a high-asset divorce, come to the team at KGK Family Law. Contact us today to learn more about what we can do to support you.