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Tessmer Tips / 16.02.2016

A high asset divorce can be among the most complex family law matters, so it is important that knowledgeable and qualified experts are consulted to protect your assets, interests and rights. Forensic accountants, professional appraisers, financial and wealth managers, tax consultants, pension valuation experts and business evaluators are just some of the qualified professionals that your attorney could bring in to help with your case....

Tessmer Tips / 15.02.2016

In Texas, alimony is called spousal maintenance, and it is never guaranteed. The spouse who is seeking support must show that he or she lacks sufficient resources to provide for his or her minimal, reasonable needs. He or she must show that employment is difficult to maintain or is not possible due to a physical or mental disability. Spousal maintenance may be ordered if there is a disabled child in the home that prevents the spouse from being employed, or if the spouse clearly lacks ability to be in the workplace.  The factors that determine eligibility for spousal maintenance are...

Tessmer Tips / 12.02.2016

“Discovery” is the term for the exchange of information between parties involved in a legal matter. Even though completing discovery adds to the expense of a case, it is important because it often turns up facts that were previously unknown to at least one party. In a high asset divorce, a proper reporting of all assets and liabilities is necessary to ensure you are not left holding onto liabilities that should not be yours, or giving up assets that you are not obligated to let go. When a married couple has a great deal of wealth, one of the parties...

Tessmer Tips / 11.02.2016

Just like physicians, attorneys specialize in different areas of practice where it pertains to the law. An attorney who specializes in criminal matters may not be the best choice for a family law matter, and vice versa. An experienced divorce attorney will have knowledge about asset protection and the issues that are likely to be important in your situation, such as child and spousal support and division of marital property. Sometimes clients believe that the best lawyer is one that is “tough” or “ruthless”. The truth is, your lawyer is your advocate and is hired to represent you to the...

Tessmer Tips / 10.02.2016

Certain issues are more likely to present themselves in a divorce that is dealing with a large marital estate, such as: Business valuations; Determining the worth of assets such as stock options, art or antiques; Division of a business or professional practice; Division of investments and retirement plans; Tax implications and property settlements; Accurately accounting for and exposing any hidden income or diverted assets; and Evaluating standards of living to determine child and/or spousal support. ...

Tessmer Tips / 09.02.2016

Generally, a high asset or high net worth divorce means exactly that: one or both parties have a net worth over a certain threshold. The exact figure varies with opinion, but for us it is one million dollars ($1,000,000.00). This figure can consist of the total worth of several different things: cash, investments, property, businesses, or other assets....