Asset Protection and Divorce

Dallas Family Law Attorney

Some of the most common and natural questions people have about divorce revolve around what life will be like afterwards. Specifically, what will their lifestyles be like following the process of asset division? Generally speaking, the law tries its best to treat each spouse fairly. But, the system is not perfect, and there are steps you should consider when thinking about how to protect assets for the future.

At O'Neil & Attorneys, we represent high net worth couples throughout the Dallas/Fort Worth Metroplex. One of the primary goals of our advice to clients is to help them preserve and protect as many of their assets as possible throughout the divorce process. With nearly 20 years of family law experience, we believe that we have the ability to help you achieve your goals and make the transition to post-divorce life as seamless as possible.

To schedule a confidential consultation to discuss how to protect your assets during a Texas divorce, Please call 972- 499-4558 or toll free 866-959-4330. You can also contact our Dallas law firm online.

Pre-Divorce Planning Is Key

Texas is a community property state, which means that all assets acquired by either spouse during marriage are considered eligible to be divided upon divorce. Therefore, it is critical to structure your marital estate in a way that clearly keeps your separate, individual property apart from community assets.

Working with accountants, QDRO specialists and other financial experts, our legal team can help you take steps to protect your assets and future lifestyle. Examples of the things that must be considered are:

• Making sure gifts are titled in your name only and kept separate so that they remain separate property
• Keeping any inheritance in accounts with only your name and kept separate, as opposed to joint accounts
• Keeping business assets separate from personal assets
• How to handle retirement portfolios and investment accounts
• How should appreciation be handled? What about business goodwill?
• How will alimony and child support payments affect you?

When you visit us, we will take the time to sit down with you to discuss your goals for divorce. Everyone is different, so by taking the time to understand you and your family, we can tailor our services to meet your unique needs.

Contact a Dallas Divorce Lawyer

To learn more about how to protect your assets through the divorce process, we invite you to schedule a consultation at the office of O'Neil & Attorneys. Please call 972- 499-4558 or toll free 866-959-4330. You can also contact our law firm online.