Property division (or equitable distribution) is the judicial separation of marital assets and obligations during a divorce. The division of property may be done by agreement, through a negotiated property settlement, or a judge can order the distribution through decree.
Some factors the court may consider when dividing the property are each party’s: age, health, occupation, amount and sources of income, employability, vocational skills, estate, liabilities, and needs, as well as intangible contributions. Equitable distribution should not be confused with equal distribution. One party’s share may be less than 50 percent as compensation for other factors.
High-Asset Complex Community Property
Texas has unique laws regarding the division of individual and marital property in a divorce. Even when one spouse has protected investments, business holdings or other personal estate assets through a prenuptial agreement, courts may rule that earnings on those investments may be classified as marital property. Whether assets include major investments, real estate and a family business, or a rambler in the Dallas suburbs, there are very few divorces that don’t include disagreements over property valuation and equitable distribution.
If you live in the Dallas Metroplex area and are considering filing for divorce, make sure you have a powerful advocate on your side. I am attorney Rachel Li. I will work hard to make sure your property rights and financial interests are protected throughout your divorce.
From offices in Plano, I represent clients in courts in Collin County, Denton County and Dallas County, Texas. Call 214-616-3684 to arrange an initial consultation with an experienced Plano complex property division attorney. You may also use the convenient email contact form to submit a brief description of your legal needs and request an office consultation. I cannot give legal advice over the phone.
Marital Property Protection Through Skillful Mediation, Negotiations And Litigation
I am an experienced and skilled negotiator with a successful record of aggressive trial litigation when a settlement can’t be reached out of court. When necessary, I work with independent professionals in the areas of:
- Actuarial accounting to determine the future value of investments
- Business and professional practice valuation
- Uncovering hidden investments and assets
- Value of patents and intellectual property, copyrights and trade secrets
- Residential real estate and investment property valuation
- Pensions and individual retirement accounts, 401(k) accounts
Business Ownership And Investment Property
Dividing a business in divorce can be complicated and requires knowledge of capital investments, tax laws, growth potential and the subjective value of customer good will toward the owner. I am a qualified accountant with experience handling complex property valuation and balance sheets. When necessary, I work with independent professionals to determine the full valuation of business assets and investment holdings subject to equitable distribution as marital property.
Complex Marital Property Divorce Settlements
Call 214-616-3684 or email me to arrange a consultation. My office is located in Plano, with convenient access on and off I-75. Office hours are 9 a.m. to 5 p.m. Monday through Friday. Evening and weekend and offsite appointments may be available by special arrangement. I practice with integrity and have responsible billing policies based on a competitive fee structure. I accept Visa, MasterCard and Discover for your convenience.