Austin, Texas, Lawyers Assisting With Complex Property Valuation and Division
When determining the outcome of your divorce, there are two major facets the court will consider that will impact your financial position upon the conclusion of your divorce: valuation and division.
At Piper & Turner, PLLC, we have a particular expertise for high-value divorce cases and cases in which the division of property is hotly contested. The division of property can have a huge financial impact on your life and your future. It is critical that you have attorneys who understand how a court should divide your marital estate.
Contact Piper & Turner, PLLC, to learn more about how we can best help you.
Westlake Attorney Ensuring Reasonable Property Division
Before the court can divide your marital estate, it must value the assets in your marital estate. This could be as simple as looking at the balance of accounts held by you and your spouse, or it could be more complex, including appraising real property interests, i.e., a homestead, oil and gas interests, ranch land, etc., or conducting complex business valuation. The more complex the assets and their valuation, the more critical it will be for you to hire an attorney who understands how to properly defend or attack the valuation of a marital asset.
It is important to remember that the valuation of any particular asset in a divorce could have a significant financial impact on the overall division of your marital estate.
Because of the impact the valuation of one particular asset can have on the entire property settlement, it is imperative that your attorney has access to a network of professionals who can help determine the value of a specific asset or liability. At Piper & Turner, PLLC, we have extensive experience in the valuation of high-value assets and the accounting criteria necessary to value these assets. The attorneys at Piper & Turner, PLLC, will utilize their vast network of forensic CPAs and certified appraisers to value the assets in your divorce. Our attorneys have been successful in defending valuations beneficial to our clients and attacking and disproving those that are not. The financial impact on your divorce could be in the thousands, hundreds of thousands, and even millions of dollars in some instances.
A fair division of the marital property is often the most important issue to be resolved in the divorce process. If your divorce will involve significant assets, Piper & Turner, PLLC, is ready to help. For people divorcing, we offer the aggressive and skillful representation necessary to ensure that the final result achieved is both fair and equitable to our clients.
Once the court has valued all the assets in your divorce, the court will divide those assets. It is important to remember in your divorce that the court will not necessarily divide your assets 50-50 (equally). Rather, the Texas Family Code states that the court will make a “just and right” division. Factors for the court to consider whether a division is just and right include:
- The spouses' capacities and abilities
- Benefits that the party not at fault would have derived from continuation of the marriage
- Business opportunities
- Education of the spouses
- Relative physical conditions
- Relative financial condition and obligations
- Disparity of ages
- Size of separate estates
- The nature of the property
- Fault in the breakup of the marriage such as adultery, cruelty and other issues
- Fraud or breach of fiduciary duty
- Wasting of community assets by a spouse
- Claims for reimbursement from community property
- The custody arrangements of the parents
Awarding one spouse even a few percentage points more of the community estate can sometimes shift large amounts of money from one spouse to another. Because of this, it is financially imperative that you hire attorneys who know what factors will sway a court to divide your community property in a just and right manner that benefits you. Our experienced trial attorneys know how to argue and present evidence as to the factors that will sway a court in determining how your marital assets should be valued and divided.Of course, all of this could be impacted if there is a prenuptial or postnuptial agreement in place. Spouses often enter into property agreements both before and after their marriage. If these agreements are found by the court to be valid and enforceable, the property will be divided pursuant to the agreement. Because of this, whether you are seeking to enforce a prenuptial or postnuptial agreement or combat an unfair property agreement, it is critical that you hire attorneys who understand how marital property agreements are constructed and enforced.
We also offer a complete range of legal services in related areas such as:
- Tracing separate and hidden assets
- Spousal maintenance/support orders and agreements
Attorney James W. Piper is a Board Certified family law attorney who has been serving families throughout Texas for more than 38 years. Mr. Piper has been listed as a Super Lawyer by Texas Monthly© Magazine, featured in Texas Super Lawyers© Magazine, is a preeminent AV-rated attorney by Martindale-Hubbell©, is listed in Bar Register of Preeminent Lawyers, is a member of the Texas Academy of Family Law Specialists, and is widely considered one of the most well-respected family law attorneys in Central Texas.
Mr. Piper's partner, Travis L. Turner [Link to Bio], is a Board Certified family law attorney, a preeminent AV-rated attorney by Martindale-Hubbell©, has been named a Rising Star and Top Young Lawyer by Texas Monthly© Magazine, and is a member of the Texas Academy of Family Law Specialists. Mr. Turner, with his extensive litigation and courtroom experience, has rapidly become known as one of the most prominent young family law attorneys in the Austin area. The high regard Mr. Turner is held in by his peers is demonstrated by the fact that he served as the chair of the Family Law Section of the Austin Bar Association.
Let Our Travis County Divorce Attorneys Help You
Contact our office to schedule an opportunity to meet with one of our experienced Westlake property division attorneys about your divorce and property division. Based on our experience, we can clearly explain how Central Texas family courts are likely to view your situation, and we will guide you through the entire process. Our lawyers pride themselves on offering our clients honest and realistic assessments about their cases while zealously advocating for the needs of each individual client. Let us help you get the peace of mind about divorce and property division.
*AV Preeminent and BV Distinguished are certification marks of Reed Elsevier Properties Inc., used in accordance with the Martindale-Hubbell certification procedures, standards and policies. Martindale-Hubbell is the facilitator of a peer review rating process. Ratings reflect the confidential opinions of members of the bar and the judiciary. Martindale-Hubbell ratings fall into two categories: legal ability and general ethical standards.