Going through a high net worth divorce means navigating complicated financial, legal situations. At the Vaught Law Firm, P.C., we are especially well-suited to handle high-asset divorces. Our team of Cedar Park high net worth divorce lawyer, led by Jimmy Vaught, brings decades of experience and a deep understanding of the intricacies involved in high net worth divorces, ensuring our clients receive superb representation.
The complications of high net worth divorce often call for a different level of experience, and the team at Vaught Firm, P.C., provides these skilled legal services. Our high net worth divorce lawyers, led by Jimmy Vaught – an attorney licensed in Texas for more than 40 years – and attorneys Erin Leake and Jillian French, are committed to examining and protecting the legal needs and financial interests of our clients.
Another vital component of a high net worth divorce is the calculation and fair property settlement. Using a forensic accountant, as well as an experienced financial advisor for your particular assets – such as a business, an investment portfolio, holiday real estate, or intellectual property – ensures that you get a fair valued settlement, regardless of the size of your estate.
High-asset divorces often involve a substantial portfolio of investment and retirement accounts. Our firm’s attorneys are experienced with complicated investment portfolios, such as those containing stocks, bonds, mutual funds, and other vehicles.
We are also ready to handle the distribution of retirement accounts as part of a divorce or separation, including 401(k) plans, IRAs, and pension plans, in compliance with all applicable laws, as well as the use of Qualified Domestic Relations Orders (QDROs).
High net worth cases often involve complex business interests and professional practices. If your family assets include a closely held company, professional practice, or substantial investments in other enterprises, our firm has the experience needed to conduct thorough business valuations. We ensure your business interests are accurately assessed and effectively protected during the division process, safeguarding your assets and financial future.
As we routinely work with high net worth clients who are often innovative business owners, a large portion of their assets tend to be unique, including intellectual property, fine art collections, custom-made vehicles, jewelry, etc. We discuss the appraisal and division of those assets, which require a skilled approach, with leaders in fields related to your industry or interests.
Vaught Law Firm, P.C. recognizes that every high net worth divorce is different, and we focus on providing legal representation that uniquely suits each high net worth divorce client and their particular needs and goals. We provide you with customized representation to better help you get the legal services you deserve.
Finding the right law firm in Cedar Park for a high net worth divorce is imperative. Here are the reasons why Vaught Law Firm, P.C. is the right law firm.
A: Like lawyers in any state, the cost of a Texas divorce attorney will depend on the complexity and scope of the case and the skill and experience of the attorney. High-asset divorces require more time and effort from Cedar Park divorce lawyers, meaning they may be more expensive than those with fewer assets to divide.
A: In Texas, a wife is entitled to a fair division of all community property – the assets the couple acquired during their marriage. Texas is a community property state, so marital assets are generally split 50/50.
However, the court may consider numerous factors when deciding a fair division, like the length of the marriage, the financial condition of each spouse, and their contribution to the marriage through homemaking services, child-rearing, and financial contributions.
A: Generally, the court can order one spouse to pay the legal fees of the other spouse if there is a “substantial disparity” between the incomes of the spouses or if the conduct of one spouse has caused unnecessary or unreasonably increased legal costs. Vaught Law Firm, P.C. can advise clients on available options and request such attorney fees if appropriate.
A: While it doesn’t matter in Texas, there can be strategic advantages to filing first, like having the opportunity to set up your case first. There can also be psychological benefits to filing first. Our attorneys can review your case and help you to determine whether it is better for you to file.
If you are filing for divorce in Cedar Park or surrounding areas in Texas, Vaught Law Firm, P.C. can help. You can trust us to effectively manage the legal aspects of your dissolution so that you can rebuild your life.
A high net worth divorce is complex and requires particular legal skills and an in-depth approach to the valuation and distribution of property. At Vaught Law Firm, P.C., we strive to provide the finest legal representation for our clients. We have more than 40 years of experience working with clients on high-asset divorces, and we have the resources to help our clients through each step of the process. To learn more about how we can help you with a high net worth divorce, contact us today.