Decades Of Experience Resolving Complex Property Disputes

There are three steps to property division in a divorce: identifying property, valuing property and dividing it in a settlement. This task is easier for some assets than others. For example, a statement clearly shows the balance of a bank account and any penalties for withdrawing funds are generally minor and easy to work around. This is not the case for all types of assets and liabilities.

At Hoppes & Cutrer in Hurst, we can help you resolve tough property disputes. Attorneys Lisa Hoppes and Anita Cutrer are certified as experts in family law by the Texas Board of Legal Specialization and have both practiced family law for more than 20 years in Tarrant County, establishing a successful track record.

We have resolved complex property disputes involving:

  • Business assets: Valuing a business is one of the most complex aspects of a divorce. You have to consider equipment, inventory, accounts receivable, business debt, profit, salary structures, pending mergers or acquisitions, goodwill, leases, and more. While objective methods for valuation exist, choosing the numbers used in the calculations can be very subjective.
  • Retirement accounts: Pensions, 401(k)s, Roth-IRAs and other retirement accounts are not created equally. For example, two may have the same statement balance but not the same value because distributions are taxable for one but not the other. Valuation is not the only issue. You must also consider whether you should divide assets (now, in the future or at all) or if you need qualified domestic relations order (QDRO), which must be included in the settlement and executed properly.
  • Employment benefits or perquisites: Salary is not the only financial benefit many employees enjoy in Texas. Don't forget to consider other benefits that have a property interest such as stock options, restricted stock, bonuses, commissions, health insurance, company cars, expense accounts, and access to season tickets or club suites.
  • Income from separate property: Property owned prior to the marriage, inheritance and gifts are considered separate, but income earned from those sources or increases in value during the marriage can be considered community property.
  • Real estate: With price tags easily reaching $800,000, one million or more in Tarrant County, the marital home is likely one of the most valuable assets in your divorce. You may need to hire an independent appraiser to reach a fair value, but market price is not the only source of conflict. Many disputes often arise over whether one spouse should live in the home (including the amount of spousal support needed to cover the expenses) or if it is best to sell the asset.

Talk To Our Experienced Lawyers

We encourage you to meet with a lawyer in a comprehensive consultation to discuss your divorce. You can reach us by phone at 817-864-8594 or by email.