You and your wife have been married for 15 years and carved out a comfortable lifestyle thanks to two solid incomes. In that time, you purchased a vacation home in Italy, invested in a business in Japan, and became a silent partner in a horse ranch in Australia. That’s quite a bit of international assets, and life couldn’t be any better—that is, until your marriage fell apart.
Now, your pending high-asset divorce has you wondering what will happen to all those international assets.
Dividing property in a Texas divorce is challenging, especially when you add international assets to the mix. Granted, what that might look like for you and your case may only be clear once you sit with one of our attorneys. However, the reality is that dividing international assets has slightly different rules that must be considered.
Dividing International Assets
When dividing marital assets in a Texas divorce, the judge’s goal is to divide everything between the two parties in a just and right way versus a 50-50 split. They consider a few factors throughout this process, but for the most part, it’s a straightforward process with domestically owned assets and property—assuming that all the facts and information have been presented.
Before international assets can be legally divided in a Texas divorce, the country where the asset is located must recognize and enforce the Texas court’s decision. This process typically involves complying with the foreign country’s laws regarding property division, which can vary significantly from Texas law. Again, no two divorce cases are the same. That being said, a legal court order may need to be filed in the foreign country to enforce the Texas ruling. This can involve additional legal procedures, translation of documents, and working with local attorneys familiar with that country’s legal system.
In some nations, the local courts must approve or accept the division before the asset can be transferred or divided.
Enforcing a Texas ruling can be challenging without the foreign country’s cooperation.
You Need Sound Legal Advice
The best advice for someone dividing international assets in a Texas divorce is to seek professional help early. Hiring an experienced divorce attorney who understands international law is crucial.
Patience and thorough legal guidance can help ensure a fair and enforceable division of international assets.
Please Call Christman | Daniell Attorneys for Your Legal Needs Today!
Looking for family law services in Texas? Christman | Daniell Attorneys is your premier choice. With years of experience and a deep understanding of the legal landscape, our skilled team is dedicated to helping families navigate complex legal matters. Whether it’s divorce, child custody, or adoption, trust Christman | Daniell Attorneys to provide compassionate and effective representation for all your family law needs throughout Collin County.
Please consult an attorney for advice about your situation. The material on this website and in this or any blog article we publish are for informational purposes only and do not constitute legal advice. The Christman | Daniell Attorneys believe in tailoring legal advice and solutions to your circumstances.
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