Dividing debts and assets is a central focus of all divorce cases, and the outcome can have a significant impact on your future. Because property division has ramifications that persist long after a marriage has been legally dissolved, it becomes essential that you tackle this process with the assistance of proven Texas lawyers who know how to protect your rights and interests.
Our award-winning Houston family law attorneys at Hendershot, Cannon & Hisey, P.C. draw from decades of combined experience to guide clients swiftly and successful through their legal journeys, including those involving divorce and property division. Because we understand the role we play when clients call on us and how our support is vital to their case outcomes and their future wellbeing, we work diligently to provide the counsel, support, and representation they need to effectively protect their assets.
Although every marriage is unique and each divorce litigation will entail a range of unique facts and circumstances when it comes to marital assets, there are a few general ways we use to protect our client’s property during divorce and there are a few important steps clients can take in helping our experienced attorneys:
- Gathering financial records – Gathering all your financial records will provide the basis for investigation and an accounting of your assets. These include copies of financial records regarding bank, investment, and retirement accounts, stocks, tax returns, and other pertinent financial information from you and your spouse.
- Think money, not assets – Property division can quickly descend into contested challenges over minutiae when things get heated. If you are splitting assets and valuing them after taxes, you should be viewing the assets in monetary sums. On certain issues, you may choose to pursue or concede a specific asset, and an attorney can help you do so in a way that ensures it is fair to you and that property division will still proceed appropriately. It is certainly worth considering whether at the end of the day, fighting over properties is worth the price expended in attorney’s fees. When handling property division cases, our attorneys leverage over 200 years of combined experience to ensure valuation of assets and other unique holdings are done properly. Our attorneys can advise whether conceding or pursuing is the best course of action.
- Handling complexities – Complexities in property division can exist in many forms. From high net worth, complex financial portfolios, and vested stock options to businesses, refinances, equity loans, and trusts, there may be a great deal of commingled assets to trace, characterize, and determine whether and how they should be subject to division. By having an attorney on your side who has the experience to address these issues, you can better protect your rights and interests with future-oriented solutions that address all issues inherent to complex financial matters. In fact, our firm has been renowned for our ability to handle complex property division and high asset divorce cases.
- Identifying hidden assets – In a previous post, we discussed hidden assets and how we help clients when their spouses conceal assets in a divorce. Through meticulous reviews of financial records, legal actions that require a spouse to disclose the whereabouts of assets, forensic tracing, and aggressive case strategies, we help clients protect their right during property division.
Led by Board Certified Family Law Specialist Lennea Cannon (Texas Board of Legal Specialization) and Attorney Lori Blackwell, both of whom have been recognized in the 2016 and 2017 Texas Super Lawyers® list of Rising Stars℠, our family law team prioritizes close working relationships with our clients. By putting their needs and interests first, we are able to deliver the customized legal solutions needed to solve their unique problems.