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When a Texas Divorce Involves Unique Assets

When a Texas Divorce Involves Unique Assets
Hendershot, Cannon & Hisey, P.C.

If your divorce involves complicated or unique assets, then you should only trust a family law firm that has experience handling a case like yours. At Hendershot, Cannon & Hisey, P.C., we understand how high the stakes are in your case, and we will work with you to reach the best outcome possible.

Our Houston-based law firm is known for handling complex divorce cases that involve numerous types of assets, business holdings and property. We have experience handling divorce cases involving businesses that are owned by husband-wife partners, unique property such as second homes, boats, ranches, private jets or art collections, and real estate issues involving oil and gas rights.

Here are a few of the issues that must be considered when dealing with unique or complex assets:

Placing the Correct Value on Real Estate

When it comes to divorces involving real estate, we help our clients place the correct value on what is above the surface of the land, what is on the surface of the land, and what is below the surface of the land. We evaluate each of these three "estates" of land ownership in order to structure the best deal possible for our clients.

Understanding How Goodwill Applies to Professional Practices

Anyone who has started a professional practice knows that goodwill is everything. In Texas, it is not possible to divide personal goodwill during a divorce, but it is possible to divide commercial goodwill, which includes many aspects of an established business.

We work closely with our clients to determine the value of commercial goodwill, and how much of it should be characterized as community property (and therefore subject to division).

Developing a Plan for Husband-and-Wife Business Owners

Divorcing spouses who own and operate a business together have a big job ahead of them. They not only need to complete the divorce process itself, but they need to determine the fate of

their business - how it will continue to operate, as well as whether or how one party will buy out the other. In some circumstances, both parties can continue operating the business with certain safeguards put in place. Our firm's creativity and experience in these types of cases can be crucial in finding a solution that works for both parties as well as for their business.

Contact Hendershot, Cannon & Hisey, P.C.

We have decades of experience helping clients with complex and unique assets through divorce, and we can help you, too. Contact our offices today to set up a confidential consultation, and then rest assured that you are in capable hands. Visit our page to learn much more about property division.