Fort Worth Attorneys Handling High Net-Worth Divorce
Couples with a high net worth often have sophisticated financial holdings. If they divorce, they need an attorney who understands complex financial and business issues. Property division is difficult in any divorce; in a high-asset divorce, however, it can be extremely complex.
At The Law Office of Gary L. Nickelson, our divorce lawyers have extensive experience representing spouses with high-value property and investments. We understand the importance of accurate valuation of your assets and arguing for a settlement that is in your best interest.
Special Considerations in High Net-Worth Divorce
There are multiple complex issues to consider in high net-worth divorces, including community property division and maintenance/alimony and child support. We can review your finances and discuss the different options for dividing valuable property and protecting any property that should be kept separate. In many cases, it is crucial to keep the tax consequences in mind as the marital estate is divided, and it may be necessary to hire a tax expert. Also, a mediated settlement or other agreement, rather than a trial, may allow you to keep more of your assets; litigation is almost always the most expensive solution to a divorce or any legal matter.
When large sums of money are at stake, we work with financial experts to ensure that all assets are disclosed and correctly valued. We hire a forensic accountant if our client does not already have one. Depending on the client, we may also work with business evaluators, vets for livestock, geologists, engineers or other experts if necessary.
We also consult with tax experts to determine which assets are better for you to keep, depending on your tax bracket. In addition, we will consider the tax implications of any spousal support and alimony. Contractual alimony is tax deductible for the payor and taxable for the payee.