Property Division and Alimony in High-Net-Worth Divorce Cases
Faculty Member: John K. Grubb, Family Law Attorney, MBA (accounting and finance)
Facilitator: Dan Couvrette, CEO and Publisher of Divorce Magazine, Family Lawyer Magazine, and DivorcedMoms.com
This session looks at how an experienced lawyer can help business professionals secure assets, property, and income – or how the non-monied spouse can be sure they’re getting the property and support (alimony and/or child support) they’re entitled to receive. John Grubb explains the difference between community and separate property, and how courts determine the distribution of assets in Texas. More
John K. Grubb is a Board-Certified Civil Trial Law Specialist, Texas Board of Legal Specialization, with an MBA in accounting and finance who has developed a leading law firm for high-asset divorce in Houston. He has received a number of accolades over his 30-plus year career, including the Martindale-Hubbell highest possible “AV” rating for both legal ability and ethical standards. John Grubb also has been rated as one of Houston’s Top Lawyers by H Texas Magazine.
What you will learn from this podcast session on “Property Division and Alimony in High-Net-Worth Divorce Cases”
- the difference between community and separate property in Texas – and why it’s such a big issue
- how the courts determine property division in Texas
- how inherited property is treated
- the most common types of hidden assets – and how to find them
- What to do when there’s a business involved:
- does your ex-spouse have a right to a percentage of the business if he/she never worked at or contributed to it?
- what about if both people own the business together?
- does it make a difference if one spouse is a “silent partner” while the other actively runs the business?
- what happens if one spouse owned the business before marriage?
- how will the Court value the business?
- if one spouse is a stay-at-home parent or earns substantially less than the other, how will that affect alimony and property division?
- what happens to each spouse’s 401k, 403b, and IRAs in a divorce
- how prenuptial or postnuptial agreements are used to protect assets.