Tarrytown High Net Worth Divorce Lawyer

Tarrytown, TX High Net Worth Divorce Attorney

Going through a divorce can be one of the most difficult experiences you face. It can be a painful and confusing process that leaves you uncertain of how to proceed. This can be especially true when it comes to large assets and their division between spouses. We understand how difficult this period can be. Our Tarrytown, TX, high-net-worth divorce lawyer can help you move forward in a manner that protects your interests.

About Us

Jimmy Vaught has been working for over 40 years with clients in Austin and the greater state of Texas to ensure their interests are protected. Working across multiple areas, he has extensive experience as a family law attorney working on high net worth divorce cases, and he currently sits as president of the Texas Family Law Foundation.

Community Property

Tarrytown’s high net worth divorce laws align with state regulations. Importantly, Texas follows what is known as a community property model for marital assets. This means that any property gained in the lifetime of a marriage is considered community property and therefore subject to a 50/50 division during divorce. This can include property like a family home, real estate, investments, and retirement plans, among other assets.

Assets gained before a marriage are recognized as residing outside of community property. Likewise, if a spouse can show income and other forms of wealth acquired during a marriage are not jointly owned, they may fall outside the 50/50 division and be considered separate property.

High Net Worth Divorces

Between 2019 and 2022, 1.9 out of every 1,000 people divorced in Texas. Divorces are typically considered high net worth if there is over $1 million in marital assets. While this sounds like a large number, it is important to consider what it represents.

Things such as family homes, real estate, vehicles, business interests, and many other assets can contribute to this calculation. With an average household income of $240k per year, Tarrytown residents will likely meet this threshold.

High net worth divorces tend to be more complex due to the amount of assets involved and their value. As Texas seeks a fair and just division of assets during divorce, there is leeway to review whether certain assets are community or separate. It is crucial to hire a high-net-worth divorce attorney to advise you in order to protect your assets and advocate on your behalf.

Why Choose Us?

At Jimmy Vaught of Counsel for the Eggleston Law Firm, we believe that every case is unique and deserving of skilled legal counsel. With a record of success and a deep understanding of family law, our Tarrytown high net worth divorce lawyers can offer guidance to protect your interests, advocate on your behalf, and strategize towards an appropriate resolution when it comes to your divorce.

Hire a High-Net-Worth Divorce Lawyer

Divorce is a difficult time. It can be full of confusion, doubt, and concern for the future, but you do not have to face it alone. At Jimmy Vaught of Counsel for the Eggleston Law Firm, our lawyers stand ready to work on your behalf. We are located at 5501 Balcones Dr, Suite A in Austin. Contact us or visit our office to find out how we can assist you.