San Antonio High-Asset Divorce Lawyer

The division of marital property and other valuables is a complicated part of divorce. When significant assets are involved, your case could become more complex, enhancing the need for a lawyer. Since your financial rights are important, you should not wait to consult with an experienced divorce attorney. Reach out to a San Antonio high-asset divorce lawyer at Kimbrough Legal, PLLC, for help with your case.

The Division of Marital Property

In Texas, all the assets that you or your spouse acquired over the course of your marriage are considered marital property. The only exceptions include gifts or inheritances that either of you received solely in your name; compensation for pain and suffering received in a personal injury settlement or in court (Civil Practice and Remedies Code § 41.001), and similar assets.

When separating assets, the marital estate must be divided in a manner that the state deems just and right, under Texas Family Code § 7.006. The higher the assets, the more potential for complications to arise when it comes to fair property division. Hiring a San Antonio attorney with experience in high-asset divorces could help ease the process and ensure you receive your fair share.

What Are Complicating Factors in High-Asset Divorces?

While marital property division is determined on a case-by-case basis and every case is unique, certain factors could complicate high-asset divorces. These may include:

• Valuations: Often required and sometimes challenging to achieve agreement on an assigned value
• Diverse assets: Such as businesses, stocks, bonds, and joint holdings
• Forensic accounting: Sometimes, financial fraud occurs in situations with significant assets
• Collections: These may hold both sentimental and financial value
• Spousal support: More likely to be awarded in high-asset divorces

To ensure that the division of your valuable marital possessions aligns with your financial rights, you need the focused legal guidance of a skilled divorce attorney in San Antonio.

What to Know About Separate Assets

Separate assets refer to those assets that either spouse owned before marriage and kept strictly separate while married. These assets remain the original owner’s property, but there are many opportunities for the boundary between separate and marital assets to be weakened during a marriage.

For example, when one spouse brings a business into a marriage, what they bring in initially is their separate property. However, the amount by which the value of the business increases throughout the marriage is marital property. Furthermore, if an owner ran a business but did not compensate themselves fairly over the years, which would have benefited the marriage, it can also affect the division. A San Antonio lawyer with experience in high-asset divorces could help guide you through the specifications of separate asset valuation.

Factors That Guide Property Division

In San Antonio, the same factors that guide standard property division in divorces relate to high-net-worth division as well, making a high-asset divorce attorney beneficial. Complications are more likely to arise with high-net-worth divisions, and should you have to take a case to court, some major factors are considered when a judge helps determine a just and right division. These factors may include:

• The length of the marriage
• The age and overall health of each spouse
• The degree of disparity between the spouses’ incomes
• The size of the marital estate and of each spouse’s separate estate
• The contribution of each spouse to the marriage, including homemaking and providing childcare
• The level of education of each spouse, along with their work experience and overall employability in the current market
• The benefits that each spouse loses in relation to the divorce, such as being covered by the other’s health insurance

It is also important to note that a judge may consider whether wrongdoing played a role in the breakdown of the marriage, as this may be taken into consideration even in no-fault divorce cases.

Contact an Experienced High-Asset Divorce Attorney in San Antonio for Help

The knowledgeable San Antonio high-asset divorce lawyers at Kimbrough Legal, PLLC, have substantial experience with helping clients like you prevail in achieving a favorable property division. Your financial rights and future are important, and you deserve a compassionate attorney who believes in that. Reach out today for more information by contacting us online or calling our office.