.2503240855033.jpg)
Divorce is never easy, and the stakes are even higher when high-value assets are involved. Financial complexities often extend beyond dividing simple bank accounts and real estate in high-net-worth divorces. Business interests, investments, retirement accounts, and even intellectual property may come into play, making asset protection a top priority.
At Burrows Law Group, we understand the intricacies of Texas divorce law and work diligently to safeguard what matters most to our clients.
Texas & Community Property: What It Means for Your Assets
Texas is a community property state, meaning that most assets acquired during the marriage are presumed to be jointly owned and subject to division. However, this doesn’t mean everything is split 50/50. Factors such as prenuptial agreements, business ownership, and separate property claims can significantly impact the division of wealth.
Understanding what qualifies as separate property is key to protecting high-value assets. Separate property typically includes:
- Assets acquired before marriage
- Inheritance or gifts received individually
- Compensation for personal injury settlements (excluding lost wages)
While these assets should remain with the original owner, proving their classification in court requires strong documentation and legal strategy.
Prenuptial & Postnuptial Agreements: Your First Line of Defense
One of the best ways to protect wealth in a divorce is through prenuptial and postnuptial agreements. These contracts define how assets will be divided in the event of divorce, reducing uncertainty and legal battles.
A well-crafted prenuptial agreement can:
✔️ Protect business interests
✔️ Safeguard family inheritances
✔️ Define spousal support arrangements
✔️ Distinguish personal and marital property
For those already married, a postnuptial agreement serves a similar function, ensuring that both parties agree on asset distribution should the marriage end. If you don’t have one, it’s not too late to start the conversation.
Business Ownership & Divorce: Keeping Your Company Intact
For business owners, a divorce can threaten not just personal finances but also the future of the company. If a business was founded or grew significantly during the marriage, it may be considered community property—even if only one spouse was actively involved.
To protect a business, consider:
- Pre- or postnuptial agreements defining business ownership
- Buy-sell agreements with business partners
- Keeping clear financial records to distinguish personal and company assets
- Business valuations to determine fair distribution
At Burrows Law Group, we work with financial experts to assess business interests and structure agreements that help retain control.
Hidden Assets & Forensic Accounting: Uncovering the Full Picture
In high-net-worth divorces, hidden assets can be a concern. Whether intentional or accidental, undisclosed accounts, offshore assets, or cryptocurrency holdings can complicate asset division.
Through forensic accounting, we help uncover any undisclosed financial holdings, ensuring a fair settlement. Our legal team partners with financial professionals to track assets and prevent unfair outcomes.
Strategic Legal Representation for Complex Divorces
At Burrows Law Group, we know that protecting assets in a high-net-worth divorce requires more than just legal knowledge—it requires personalized strategy. Whether through negotiations, mediation, or litigation, we stand by our clients to safeguard their wealth and future.
Let's discuss your options if you’re facing a high-asset divorce in Denton County, Flower Mound, Frisco, or Collin County. Contact Burrows Law Group today at (972) 236-7798 to schedule a consultation.