Collin County High-Asset Divorce Attorney

Considerations When Dividing High-Value Properties

If you have substantial community property that must be distributed between you and your spouse, you should be aware of the complications that come with dividing most types of high-value assets. We can help you address property division challenges involving:

• Real estate properties - Whether you and your spouse own just the home where you live or several real estate properties for vacation or income purposes, you will need to determine the value of these properties via appraisals and market comparisons. You will also need to decide whether to sell each property, distribute them fairly, or attempt to buy out your spouse's share of the equity.
• Businesses - Any business started or acquired by either spouse during the marriage must also be valued, taking into consideration factors like market value, income, assets, and goodwill. Selling a business is often an undesirable solution, so you may need to prepare to compensate your spouse to keep your business intact, or work out a joint-ownership agreement.
• Retirement accounts - Retirement contributions during the marriage are also considered community property, and if you need to divide an account, you should be careful to do so without incurring early withdrawal penalties and taxes. This typically requires notifying IRA providers of an impending transfer due to divorce, or obtaining qualified domestic relations orders (QDROs) to divide 401(k)s and pensions.
• Investment portfolios - If you have significant assets in a brokerage account including stocks, bonds, mutual funds, and other investments, you may need to find a way to fairly allocate shares between you and your spouse. Liquidating investments often results in substantial capital gains taxes, which would leave fewer assets for both you and your spouse.

Why Choose Us for Your High-Asset Divorce Case?

When navigating the complexities of a high-asset divorce, having a skilled attorney by your side can make all the difference. At the Law Office of Brian Bagley, we understand that each case is unique and requires a tailored approach to meet your specific needs. Our team is dedicated to providing you with personalized legal strategies that prioritize your financial security and emotional well-being.

Here are a few reasons why clients in Plano and the surrounding areas trust us with their high-asset divorce cases:

• Experience in High-Asset Cases: We have a proven track record of successfully handling high-asset divorces, ensuring that our clients receive a fair division of their assets.
• Comprehensive Asset Valuation: Our network of financial experts can accurately value complex assets, including businesses and investments, to ensure nothing is overlooked.
• Compassionate Guidance: Divorce can be emotionally taxing. We provide compassionate support throughout the process, helping you make informed decisions for your future.
• Strong Negotiation Skills: Our attorneys are skilled negotiators who strive for amicable resolutions, but we are also prepared to advocate fiercely in court if necessary.
• Client-Centric Approach: We prioritize open communication and transparency, keeping you informed every step of the way and ensuring your voice is heard.

If you're facing a high-asset divorce, don’t leave your future to chance. Contact the Law Office of Brian Bagley today to schedule a consultation and discover how we can protect your interests during this challenging time.

To speak with our experienced Collin County high-asset divorce lawyers, give us a call at (972) 843-7158 or contact us online today.