Find An Attorney Who Understands Complex Property Division
Get guidance through the process of dividing complex assets
Emotions and your personal relationship are not addressed in a court room or across the mediation table. Capps Law Firm, PLLC, is an Austin, Texas family law firm that helps to move couples forward. Our goal is to provide each client with the information you need to make the best decisions possible for your specific financial circumstance during a divorce.
When you are evaluating a divorce attorney for your complex property division, be sure to ask about the following:
- How will they assist you with the characterization and division of various assets? We understand how to evaluate your retirement benefits, private pensions, defined contribution retirement accounts such as 401(k) and 403(b) plans, receive benefits through a trust, federal and state employee retirement benefits, military service member pensions. These are among the common complex assets, but there are many more.
- Do they have experience in dividing stock portfolios? This may include stock options, restricted stock units (RSU’s), stock acquired through employee stock purchase plans (ESPP’s), stock acquired through employee stock ownership plans (ESOP’s), and stock held in stock portfolios.
- Have they handled complex division business assets in a divorce before? We understand the unique issues involved in a divorce where the party or parties own a firmly held business or a sole proprietorship. Working alongside financial experts who understand business valuations can provide a more accurate picture for your situation.
The Wrong Decision Could Cost You Far Too Much
Believe it or not, many divorce settlement agreements do not contemplate and address the tax implications of the property divisions they propose. At Capps Law Firm, PLLC, we are highly conscientious about incorporating tax liability into your property settlements to maximize the property settlement benefit. We work directly with CPAs and other tax professionals as necessary to assist our clients in getting and keeping a great deal. We recognize that being knowledgeable about divorce tax is critical to providing full service to our clients.
By not addressing tax issues at the time of your divorce directly, and presuming that taxes are something a good accountant can clean up later, you can end up agreeing to terms where the real value of the property awarded may be significantly different than what one or both parties are expecting.
Tax consequences can be significant in a divorce and should be addressed in the context of the overall settlement.
Business Skill, Tax Experience and a Love Of Math Add up to Success
From a young age, attorney Kelly J. Capps had an affinity for numbers. She holds an undergraduate degree in business administration. In addition to being a business owner, she has considerable experience with the tax implications of dividing pensions and retirement benefits in the divorce. Our team is comfortable with the sophisticated mathematics involved in many divorce cases. This is an important skill to look for in your divorce attorney.
Capps Law Firm, PLLC offers 28+ years of experience in protecting the rights of our clients going through a divorce involving complex property valuation and equitable distribution of significant assets. As the value of marital property increases, it is even more important for your attorney to analyze all of the divisible assets including:
- Any businesses or business property
- Deferred compensation packages
- Offshore bank accounts
- Annuities, pensions & retirement plans
- Life insurance policies
- Profit sharing plans
- Complex tax issues
- Real estate holdings