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Paula Lock Smyth

Dallas Family Law & Divorce Attorney

  • Home
  • Firm Overview
    • My Practice
    • Professional History
    • Memberships, Activities, Recognition
  • Practice Areas
    • Divorce
    • Collaborative Divorce
    • Mediation
    • Parenting Rights
    • Probate, Wills, Trusts & Estate Planning
  • FAQs
    • Just Been Served Papers? Now What?
    • Child Support FAQs
    • How Long Does It Take To Get A Divorce?
    • Is There Such a Thing as Legal Separation?
  • Blog
  • Contact Us
You are here: Home / Areas of Practice / Divorce / Valuation of Assets

Valuation of Assets

  • Divorce
    • High Net Worth Divorce
    • Post Divorce Issues
    • Temporary Orders
    • Alternatives to Divorce
    • Military Divorce
    • Property Division
    • Finding Hidden Assets
    • Valuation of Assets
    • Contested vs Uncontested Divorce
    • Same Sex Divorce
  • Premarital & Post-Marital Agreements
  • Alimony or Spousal Support
  • Restraining Orders & Protective Orders

Helping Clients Secure Accurate Valuations For Equitable Distribution

Before the court can divide marital property, the couple’s assets need to be valued so that a judge can make an equitable award. For some assets, this is a simple process that requires a small amount of research into current value. For others, this process can be incredibly challenging.

Attorney Paula Lock Smyth is a Texas family law attorney who provides comprehensive divorce services to clients throughout Dallas and the surrounding areas. She has more than two decades of experience and often represents clients in property division cases involving complex and high-value assets.

Small-Business Valuation In Divorce

When one or both spouses own a business, valuing that business is a critical component of the divorce process. The first issue is whether the business can be categorized as community or personal property. Given that Texas community property laws state that any assets earned during the marriage belong to both spouses, it is possible that part of the business would be considered community property, but not the business as a whole.

Once the business has been categorized, it is critical to get an accurate valuation of the business from a qualified CPA. Paula Lock Smyth Law Offices works with a variety of experts in different fields to ensure that clients have access to all of the information they need to protect their assets and their livelihood.

Division Of Retirement Accounts

For many couples, retirement accounts are some of the most significant assets they have accumulated throughout their marriage. Texas community property laws have the same effect on earnings that were saved in a retirement account as those that were paid directly as income, making many spouses co-owners of each other’s 401(k)s and other investments.

The tax consequences of removing money from retirement plans and restrictions on early removal may make direct payments from these accounts difficult. In addition, many investments made for retirement fluctuate and are difficult to value. Paula Lock Smyth works with financial experts to formulate equitable plans for compensating spouses for retirement savings, helping to ensure her clients’ future are financially secure.

Contact A Dallas Property Division Attorney

To schedule a free initial consultation with an experienced Dallas lawyer regarding small-business valuation in divorce, contact Paula Lock Smyth Law Offices at 214-420-1800.

Paula Lock Smyth Law Offices

2911 Turtle Creek Blvd. Ste. 300
Dallas, Texas 75219

Phone: 214-420-1800
Fax: 214-420-1801

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Paula Lock Smyth Law Offices

2911 Turtle Creek Blvd. Ste. 300
Dallas, Texas 75219

Phone: 214-420-1800
Fax: 214-420-1801

Disclaimer
The contents of this website does not imply legal advise or counsel and does not establish an attorney/client relationship. Please contact us for information on our policies regarding any relationship with clients, potential clients, or non-clients of our firm.

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