The Woodlands High Net Worth Divorce Lawyer

High Net Worth Divorce Attorney In The Woodlands, TX

When affluent and wealthy couples enter into a divorce, there is a good chance that the court will fail in its attempt to offer a just and fair property division. In cases where the couple owns a number of highly valued assets or has a high net worth, complications can arise. One spouse may choose to hide assets or fail to disclose other assets that will be incorrectly labeled as separate property. In these cases, our The Woodlands high-net-worth divorce lawyer team can help.

At the Walke-Wilson Firm, our team of dedicated divorce lawyers has over three decades of experience assisting clients in The Woodlands and surrounding areas. We are here to protect your rights in a high-net-worth divorce and help ensure that you receive the property you are due and that which you have worked so hard to gain. Let our team protect your financial interests so that you can retain the ability to build your life back following your divorce.

Divorce is never easy, and when the couple entering into this legal arrangement owns a high net worth, the divorce can become even more complex and emotionally strenuous. Wealthy and influential couples also deserve privacy away from the public eye when it comes to their divorce. At the Walke-Wilson Firm, our team is here to answer all your questions and equip you with the knowledge necessary to make the right legal decisions.

Common Issues in a High-Net-Worth Divorce Case

In Texas, a high-net-worth divorce is typically a divorce that involves a large sum of money in net liquid assets. It is also common for these cases to involve millions of dollars in real property, business interest, and retirement accounts as well. Typically, the more assets owned by a divorcing couple, the more complicated that case can become, even if the couple tries to remain amicable. Therefore, working with an experienced attorney can be highly beneficial.

Texas operates as a community property state, meaning that all property, whether assets or debts, obtained by you or your spouse during the marriage is subject to an equitable split. When couples have a high net worth or a complex monetary portfolio, the valuation of your assets and the official division will require an attention to detail you can only get from hiring an experienced team of attorneys.

When couples with a high net worth seek a divorce, there are several difficult issues that can become involved. These issues can include the following:

• Asset protection. For some couples, pre-divorce planning, such as establishing a prenuptial or postnuptial agreement, can help determine how certain holdings are viewed, such as items of separate property, and how these items should not be included in the division of the marital estate.
• Reconstituted estates. If either spouse acts in a fraudulent manner, the courts may seek to value the estate based on its value before it experiences any losses due to the fraud. It is important that all questions of whether fraud has occurred or not and whether a spouse is guilty of such actions must be examined.
• Real estate holdings. In some cases, certain parcels of land, like those leased for gas or oil production, generate a source of income for the couple. The family home or a vacation home may hold certain sentimental value beyond its market value. When either of these issues arises in a high-net-worth divorce, the decision to liquidate any of these real estate holdings must undergo a proper investigation.
• Uncovering hidden assets. It is all too common, especially in cases of high net worth, for one or both spouses to try and hide assets from one another. At the Walke-Wilson Firm, we can use a thorough discovery process to our advantage to investigate all monetary disclosures and ensure there is compliance with court rules on the part of both spouses.
• Evaluations for business and professional practices. In cases where one or both of the spouses own a business or a professional practice, such as a doctor’s office or law firm, these variables can often make the division of property much more complicated. It is vital in these scenarios that a team of qualified attorneys is brought in to help the division of property go as quickly and smoothly as possible.
• Division of retirement assets. For a spouse who owns certain retirement assets that were owned during a marriage, these assets are subject to a property division and must be correctly split by using a qualified domestic relations order (QDRO).

Privacy and Confidentiality in Texas High-Net-Worth Divorces

In Texas, high-net-worth divorces typically require a certain level of privacy and discretion as these cases can draw public attention, and the assets involved are usually quite significant. At the Walke-Wilson Firm, our team of dedicated attorneys works to prioritize privacy and confidentiality and believes your divorce should be handled as privately as possible.

We can help ensure the privacy and confidentiality of your high net worth by implementing the following protections:

• Nondisclosure agreements. These legal documents can ensure that the sharing of sensitive information regarding your divorce is restricted and only occurs during legal proceedings regarding your case.
• Sealed court documents. When it becomes appropriate, the Walke-Wilson Firm can request that certain court records or documentation be sealed. This can allow you an additional layer of security and confidentiality in your case.
• Private mediation and negotiations. To further ensure our client’s privacy, the team at the Walke-Wilson Firm encourages you to seek private mediation or negotiations, which can reduce your need for a public court appearance. However, we understand that, in some cases, mediation and negotiations are not possible, and court becomes your only option. In these situations, we can do everything in our power to ensure your privacy.

Speak With a Trusted Divorce Lawyer Today

When facing a high-net-worth divorce in The Woodlands and the surrounding areas, you likely want to call the shots. Don’t leave these important decisions to the judge’s discretion. Rather, place your trust in the experience of the Walke-Wilson Firm and count on our team to fight for your rights to the assets and property you have worked so hard to earn. Contact our offices today for more information and to schedule an initial consultation.