San Antonio, TX High Net Worth Divorce Attorney

High Asset Divorce Lawyer Advocating for Clients in San Antonio, Texas

When a couple has extensive assets, they may encounter a variety of complex legal and financial issues during the divorce process. These cases require consideration of property division, financial agreements, and long-term wealth preservation. Attorney Brandon Wong has more than 15 years of experience serving clients and 225+ positive reviews that speak for themselves.

His experience includes cases involving business interests, real estate holdings, investment portfolios, and complex asset division. Brandon Wong & Associates is committed to protecting his clients' financial interests while helping them achieve a fair resolution to their cases. His experience handling negotiations and litigation, coupled with a client-centered approach, has made him a trusted advocate in divorce cases involving significant financial concerns.

Complex Issues Involved in High Net Worth Divorce

• Business Ownership and Valuation: This issue can be complicated, requiring the assistance of forensic accountants and financial analysts to determine the true worth of a company owned by one or both spouses. In some cases, disputes may arise over whether the business is considered community property, particularly if it was founded before the marriage.
• Real Estate Holdings: Homes and other properties are often significant assets to address in high net worth divorces, and determining how they will be handled requires careful analysis. Applicable properties may include the family home, vacation properties, rental properties, and commercial real estate investments. Attorney Brandon Wong works to ensure that all real estate is properly appraised and equitably divided according to Texas law.
• Investment Portfolios and Stock Options: Investment assets may include stocks, bonds, mutual funds, and other securities. Additionally, if one spouse is an executive or employee of a company that offers deferred compensation or stock options, dividing these benefits requires a clear understanding of the tax implications and the future value of investments. Brandon Wong's experience with divorce cases involving complex financial assets ensures that he can advocate for a fair division of investment portfolios, ensuring his clients' long-term financial stability.
• Division of Retirement Accounts and Pensions: Whether a divorce involves 401(k) plans, IRAs, or pensions, Brandon Wong can help ensure that these funds will be properly valued and divided. A Qualified Domestic Relations Order (QDRO) may be used to divide certain types of retirement plans, ensuring that both parties receive their share of the benefits without facing penalties or tax liabilities.
• Tax Implications: Property division, investment liquidation, and asset transfers can all carry serious tax consequences if not handled correctly. Attorney Wong can provide guidance on the tax-related concerns that may need to be addressed.
• Spousal Maintenance/Alimony: The court considers factors such as the financial needs of each spouse, the length of the marriage, and the standard of living established during the marriage when determining whether spousal support will be appropriate. Brandon Wong advocates for his clients' financial interests, whether seeking fair spousal maintenance payments or defending against excessive demands. His goal is to ensure that his clients are treated fairly and that maintenance is calculated based on an accurate assessment of the spouses' finances.

Frequently Asked Questions About High Net Worth Divorce

How Is Marital Property Divided in a High Net Worth Divorce in Texas?

The marital estate will be divided according to the state's community property laws. This means that all assets acquired during the marriage are generally considered community property and subject to division. However, property owned before the marriage or inherited during the marriage is typically classified as separate property. In a high net worth divorce, the court strives for a "just and right" division of community property, which does not always mean an equal split. Factors such as earning capacity, contributions to the marriage, and the length of the marriage may influence how assets are divided.

How do I Protect My Business During a Divorce?

This requires careful planning, and obtaining an accurate valuation of the business can be one of the most important steps to take during the divorce process. A forensic accountant or business valuation expert can assess the business's worth, ensuring that it is properly valued during negotiations. Additionally, prenuptial or postnuptial agreements can specify how business interests will be treated in the event of a divorce. Attorney Brandon Wong can help protect your business interests by negotiating fair terms for division, offsetting other assets, or arranging a buyout, working to ensure that the business can remain intact.

How Are Retirement Accounts and Investments Divided in a High Net Worth Divorce?

These assets may be divided using a qualified domestic relations order (QDRO), which instructs the plan administrator on how to split the funds. A QDRO will allow funds to be transferred without incurring penalties or tax liabilities. The division of retirement accounts and investments may be complex, especially when factoring in future growth, taxes, and long-term planning.

What Happens if My Spouse Is Hiding Assets?

In this situation, it is important to work with an attorney who has experience uncovering hidden financial information. Attorney Brandon Wong collaborates with forensic accountants to analyze financial records and identify discrepancies that may indicate the concealment of assets. These professionals can track hidden bank accounts, offshore accounts, undervalued properties, and other methods that spouses sometimes use to keep assets out of the divorce settlement. Attorney Wong can ensure that all assets will be properly considered during the asset division process.

Contact Our San Antonio High Net Worth Divorce Lawyer

Attorney Brandon Wong is well-equipped to handle even the most complex high net worth divorce cases. He is dedicated to protecting your financial interests and ensuring that your divorce will be resolved as favorably as possible. Contact Brandon Wong & Associates at 210-201-3832 to schedule a consultation today.