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The first thing that comes about is what is the estate? Helping a client who may not have been the person in charge of running the businesses or having access to all the finances is helping that client educate themselves of what is in the estate. It gets complicated there can be several different entities, partnerships, corporations and you need to learn how to figure out what is the character. Is it separate property? Are these corporations community property? Are you entitled to reimbursement claim? What is that claim? What are the values of these different entities? And so having a skilled lawyer that is knowledgeable about property division and the taxes and laws related to business and partnerships is really necessary when you’re dealing with a lot of entities.
Dallas, TX family law attorney Lisa E. McKnight talks about issues that can occur usually in a high-asset divorce.