Divorce Case: Protecting a Veteran's Rental Property Portfolio
We represented a military veteran going through a divorce after many years of marriage. Over the course of his career, he had carefully managed his finances to build a rental property portfolio that he intended to leave to his children, giving them a strong financial start. His ex-wife sought to liquidate the entire portfolio to collect her share of the equity.
Legal Strategy
Our team focused on preserving the portfolio's long-term value rather than allowing it to be broken apart and sold off. We structured a settlement proposal that paid our client's ex-wife a reasonable amount for her interest while keeping the properties and their income potential intact for our client and his children.
Challenges
A full liquidation would have delivered his ex-wife her share quickly, but at the cost of the portfolio's long-term value and a significant tax burden from the property sales. We had to negotiate an alternative that satisfied her immediate financial needs and interests without forcing a sale of the properties.
Resolution
We reached a settlement that paid our client's ex-wife a fair amount up front, preserved the rental portfolio and much of its future profits, and reduced our client's tax exposure from the property sales that a full liquidation would have triggered. Our client kept the legacy he had built for his children intact.