If you and your spouse have decided to end your marriage, you will likely want a fair asset valuation before dividing property. Several aspects go into valuation, especially for couples with a high net worth. For some, the emphasis may be on tangible assets like a business or property, and for others, the emphasis may be on intangible assets such as trademarks, patents, contracts and licenses. Valuation of any asset can be tricky, but intangible assets are particularly so.
It is not uncommon for divorcing couples to disagree when it comes to the valuation and division of property they feel is rightfully theirs. As you can imagine, the sensitive nature of divorce and the dissolution of marriage can sometimes lead to emotionally driven decisions. Very often the decisions and requests made during the division of assets have less to do with equality and more to do with sentiment or emotion. Sometimes one spouse will downgrade the value of an asset in attempt to level the playing field, or keep it in their possession after divorce. Other times a spouse may inflate the value of an asset to create a disparity.
In the state of Texas, the basic practice when it comes to division of assets, is to divide everything equally between spouses. Although this practice is designed to be fair, sometimes the valuation of intangible assets makes it difficult for the court system to divide assets evenly. Due to the complexity of intangible asset valuation, it is important for high net worth couples to seek legal counsel before assigning value to property. With the help of a trusted divorce attorney, divorcing couples can be certain they are receiving a fair and equitable distribution of assets.