Houston Valuation Attorneys
Working with You to Value and Protect Your Property
Divorce settlements can be difficult to manage, particularly when a couple has trouble separating their property and assets. This issue can lead to a valuation of assets to establish what constitutes an equitable distribution of property. At Holmes, Diggs & Sadler, our Houston valuation attorneys frequently help individuals resolve complex property division cases using methods such as valuation.
How Asset Valuation Works in Texas
The valuation of assets involves the consideration of numerous financial aspects. While valuing assets, legal representatives will consider the monetary value of each asset, evaluating the worth of items like:
- Corporate stock;
- Financial statements / bank statements;
- Retirement plans;
- Bankruptcy proceedings;
- Contribution of both spouses; and
- Collectibles in the marriage.
Depending on the assets you and your soon-to-be ex-spouse have acquired over the years, the sum of all your property and support can be substantial, making it essential to have a legal representative by your side during the valuation of the asset and property division process.
The Business Valuation Process
Hiring an attorney to help you evaluate a business gives you access to a professional who can help you obtain an accurate value for the company in question. To determine the value of a business, appraisers often consider several factors, including the following:
- The earnings of the company;
- The economic outlook of the company itself and the industry in which it operates;
- Condition and value of any stock;
- Intangible values, such as business contacts, reputation, etc.
If the business is community property, both spouses must agree on a value for it. They can then work with others or rely on a court to determine the value and what an equitable division of the business looks like. Some options include:
- Allowing one spouse to buy the other out;
- The spouses continuing to co-own the business post-divorce;
- The spouses dividing the business into different entities;
- Selling the business and splitting the profits; and
- Dissolving the business entirely.
If multiple professionals must collaborate to assess value accurately, your attorney will serve as the coordinating agent to produce a cohesive and accurate valuation report.
A Team-Based Approach
When you hire one attorney at Holmes, Diggs & Sadler, you receive the experience, knowledge and insight of our team.
Always Prepared for Trial
Our attorneys prepare for war so we can negotiate peace. We are not afraid to go to trial if it is in the client's best interest.
Each case is reviewed by our team to ensure we are crafting a case strategy that will help you achieve a satisfactory result.
We Put Clients First
At our firm, the client drives our goals. We put you and your needs first while focusing on providing a personalized approach for your unique case.
“They are extremely conscientious and smart and are excellent trial lawyers.”- Gina F.
“I would highly recommend HD&S to anyone needing family law representation in the Houston area.”- James M.
“HD&S gave me great advice, stayed on top of things, and explained everything very clearly to me.”- Chris G.