Houston High-Asset Divorce Attorney
For decades, the Law Thompson, P.C., law firm has aggressively and successfully defended its clients’ ownership of significant marital assets, financial holdings and property during high net worth divorces in Houston and beyond.
Our founder, attorney Travis Thompson, has compiled a substantial track record of success on behalf of executive and business owner clients in the Greater Houston area, including the Woodlands, Texas, and Montgomery County.
Travis Thompson’s 30+ years of experience benefit producers of wealth in pension, retirement assets, stocks and bonds contexts, and business owners seeking valuation of closely held Texas family businesses. Mr. Thompson is also a certified family law specialist — an honor bestowed only to a small fraction of attorneys.
Skilled At Dividing A Wide Array Of Assets
Texas is a community property state. The Court in a Texas Divorce is required to approve or make a “just and right” division of the parties’ community estate. A just and right division will sometimes be 50/50 – but not always.
In appropriate cases, a just and right division could include a 55/45 or 60/40 or other disproportionate division of the estate in favor of one spouse against the other. Determining what property is community property and what property is separate property is a part of the divorce process, which can become complicated in higher asset cases.
Houston divorce attorney Travis Thompson delivers detailed examination of community property, shared property, separate property and asset valuations affecting:
- Real estate, including primary, secondary, vacation and retirement residences
- Retirement plans and accounts (for instance 401(k) plans, IRAs, pension plans, etc.)
- Motor vehicles
- Cash bank accounts (checking accounts, savings accounts, PayPal accounts, Zelle and Cash App accounts, etc.)
- Brokerage accounts, stocks, and bonds (including cryptocurrency)
- Intellectual property (copyrights, patents, etc.)
- Business Interest (including sole proprietorships, limited partnerships, family corporations)
- Deferred income
- Offshore assets
- Club memberships and travel awards
- Collectibles, heirlooms, memorabilia and antiques
- Furnishings, personal effects, and other personal property
Additionally, marital debt will need to be assessed and divided per Texas community property division laws.
Law Thompson, P.C. works hard for a favorable asset division outcome that leaves you in possession of a share of everything that is rightfully yours. During this journey through the legal process, you receive the very best of our one-on-one personal service that addresses every question and concern.
We are also mindful of the tax considerations that may accompany property division. We will discuss your specific options and help you make decisions that can positively impact your financial situation.
Are you divorcing a high-income spouse? Are you worried about the fate of material possessions accumulated during your marriage? For quality divorce representation that preserves your investment in your marriage, come to Law Thompson, P.C.
Answers To Your Questions About High-Asset Divorces
The more you have at stake, the more questions you may have. If you’re heading towards a divorce and worry about what will happen to your wealth and property, we can give you the answers you need. Here are a few our clients ask us the most:
How are retirement savings and pensions handled in a high net worth divorce?
Texas is a community property state, which means that assets acquired during the marriage are generally considered community property – and that includes contributions made to retirement and pension plans. To get a fair division, the funds have to be divided into separate and marital property, and then the part that belongs to the marital estate must be divided.
How can a high net worth individual ensure the fair division of property in a divorce?
Ensuring a fair division of property in a divorce, especially for high net worth individuals, involves careful planning and collaboration with financial and legal professionals, like those here at NAPNAME You can get a head start on the process by putting all of your financial records together, understanding more about how community property laws work in Texas and setting some priorities.
How long does a high net worth divorce take in Texas?
If you and your spouse are completely in agreement on all issues, a high net worth is no barrier to a quick divorce. The fastest possible divorce in Texas takes only 60 days. In most high-asset divorces, the complexity of the financial issues that must be addressed will make the process somewhat longer than a regular divorce. If the case has to be litigated, a divorce may take a year or longer to settle.
What is the role of a lawyer in uncovering nondisclosed assets in a high net worth divorce?
In a high net worth divorce, uncovering nondisclosed assets is a critical aspect of ensuring an equitable division of property. The role of a lawyer in this process is multifaceted and involves various strategies to identify and disclose hidden assets. An attorney can initiate a financial discovery process, work with financial accountants, leverage subpoenas to get more information and employ asset-tracing techniques.
Helping You Through The Difficult Decisions — Contact Law Thompson, P.C.
You can reach us right now to make an appointment for an initial consultation. Contact us by phone at 281-369-8665 or stay online to send an email message.
From our Houston office, we represent clients in Harris County, Montgomery County, and surrounding counties.