Houston Trusts and Family Limited Partnerships Lawyers
At Holmes, Diggs & Sadler, we know that anyone in Houston who is going through a divorce is likely facing extremely complex and difficult issues, particularly when it comes to the division of property. Already a complicated issue, property division can become even more so when trusts and family limited partnerships (FLP) are involved. Whether you are the beneficiary of a trust or FLP or have beneficiaries for a trust of FLP that you have set up, making sure you keep your assets where you want can be a source of stress and frustration. Fortunately, with the help of a lawyer well-versed in handling trusts and FLPs throughout the divorce process, you can rest assured that your finances are in the right hands.
Concerns in Divorce with Trusts and Family Limited Partnerships
Family limited partnerships and trusts are established for protecting property and assets from generation to generation. While the money in FLPs and trusts typically is not divided between divorcing spouses, it can cause certain issues to arise, including:
- A partner’s right to transferred assets
- A creditor’s right to assets
- How to divide other assets
- Partners’ rights to businesses or investments
These issues can be sore points of discord between divorcing spouses, and can make dealing trusts and family limited partnerships even more complicated.
Contact a Trusts and Family Limited Partnerships Lawyer in Houston
If you are going through divorce and a trust or family limited partnership is involved, make sure you have a lawyer from Holmes, Diggs & Sadler on your side. We have the experience, knowledge, and resources necessary to help our clients handle trusts and FLPS during a divorce. Call (713) 802-1777 to discuss your rights and how we can guide you throughout the divorce process.