After accumulating a lifetime of assets during your marriage, taking an inventory of what you own and how much it is worth can be an intimidating task. With more than 30 years of experience, Carol guides you through the process of identifying, valuing and dividing community property to secure your fair share of the marital property and to retain your separate property.
We first begin the identification and valuation process by securing a sworn inventory of all assets and liabilities. The next step is value the property and assets. As needed, we consult with appraisers to value such assets as real estate or art or use an expert in business valuation is the business owned by the community.
We also understand that certain assets may hold sentimental value far greater than monetary value and we work to retain those assets for you during our strategy sessions.
Because income from separate property is community income, there may need to be tracing of the income the separate property created. If there was retirement earned both before and during marriage identifying the value of each portion is required. Separate property must be proved by a higher than normal burden of proof. But once separate property is proved, no court can take it away from the original owner in the divorce.
A passion of Carol’s is tracing – whether it be tracing the history of an item or uncovering hidden or undeclared assets or identifying the wasting of community assets. She is experienced, methodical, and detail-oriented.
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Each divorce has its own unique set of circumstances, call us to schedule a consultation to learn about your options and to obtain experienced legal advice from a skilled divorce attorney on how to proceed. Call us 214-303-0142 or contact us online.