Property Division Attorney in Houston, Texas

What issues arise in the division of complex assets?

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00:04
well there are two main issues that
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arise with division of complex assets
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and that is uh the first being valuation
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and the second being actual division
00:13
valuation
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is the first step we would need to
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figure out how to put a number on what
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this asset is
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sometimes that may mean getting certain
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documentation to
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show what that account is worth or
00:26
whatever that may be
00:28
other times it may be getting the help
00:30
of an expert or
00:31
of an accountant to help us uh put a
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value to this asset for instance
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with real estate a lot of times we need
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a real estate appraiser to help us value
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that that asset other times if
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for instance a family-run business a
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expert will be necessary to help us
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figure out the value of that business
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and once we have a value we’re able to
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figure out how that asset
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is divided if it’s possible for that
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asset to be divided
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a lot of times a jointly held family
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business is not something that
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you want to continue to have jointly
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held after a divorce
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so in situations like that we need to
01:09
figure out does someone need to get
01:11
purchased out of that
01:13
business and how that would work

Houston, TX family law attorney Rachel Sedita discusses the issues that can arise in the division of complex assets. She explains that two main issues arise when dividing complex assets: valuation and actual division. Valuation is the first step, requiring a determination of what the asset is worth. Sometimes this involves gathering documentation to show an account’s value, while other times it requires the assistance of an expert or accountant. For real estate, a real estate appraiser is often needed, whereas a family-run business may require a business valuation expert to determine its worth.

Once the asset’s value is established, the next step is determining how it will be divided. Often, a jointly held family business is not something clients want to continue jointly after a divorce. In those cases, she works to figure out whether one party needs to be bought out and how that process will work.

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