Do I Actually Need a Divorce Lawyer in My High Asset Divorce?

 Posted on May 15,2020 in High Asset Divorce

When you are starting to think about filing for divorce in Texas and you own substantial assets, you may be thinking about how the community property rules in Texas will result in the majority of your assets being divided between you and your spouse. Accordingly, you may be wondering whether it makes sense, or whether it is actually worth it, to hire a Texas high asset divorce lawyer in your case. You might have heard of friends who went through a divorce process on their own and were able to work out a marital settlement agreement through communication with their spouse. While there are occasionally situations in which a couple can go through a divorce relatively easily without an attorney, it is not advisable to handle a high net worth divorce on your own.

In high asset divorces in Texas, the parties will be dealing with particularly complex and valuable property, and there is significantly more money at stake. Even if you have a relatively amicable relationship with your spouse now, and she or he promises to be fair, you should know that the process can quickly become contentious if you cannot actually reach an agreement. There is also a possibility that your spouse could be concealing assets from you. The following are just some of the reasons it is essential to have a lawyer during your high asset divorce.

Locating Hidden Assets

High net worth divorces can sometimes involve hidden or concealed assets. Our firm can help to ensure that all community property is identified and classified. If necessary, we can work with you and a forensic accountant to locate any property that your spouse may be concealing.

Ensuring Property is Classified and Valued Property

It is imperative for community property to be accurately classified and valued. Our divorce lawyers can work with appraisers to properly value complex property in your high asset divorce.

Unenforceable and Enforceable Premarital Agreements

If you have a premarital or prenuptial agreement with your spouse, it is likely that the prenup addresses issues like the division of community property and access to spousal maintenance. Whether you are the party who would benefit from the premarital agreement, or you are the party who is likely to receive much less property in the divorce because of the existing agreement, our attorneys can speak with you about the enforceability of the premarital agreement. If it is in your interest to make sure the agreement is not enforced, we can gather evidence to show that the agreement itself, or particular clauses, may be unenforceable. And if you need help demonstrating that the premarital agreement is, in fact, enforceable, we can help to make sure you are able to retain your separate property outlined in the agreement.

Representing Your Interests in a Marital Settlement Agreement

Even if you are planning to negotiate a marital settlement agreement with your spouse, you need to have an experienced Texas divorce lawyer on your side when there are significant assets at stake. Our attorneys can help to ensure that your needs are taken into account in the marital settlement agreement and that the other side does not take advantage of you.

Contact an Austin High Asset Divorce Attorney

Do you need a lawyer for your Texas divorce? If you are anticipating a high net worth divorce, it is essential to have an experienced Austin high asset divorce attorney on your side. An advocate at our firm can represent you. Depending upon the specific aspects of your divorce, an experienced complex child custody attorney or complex litigation attorney can also assist you. Contact Powers Kerr & Rashidi, PLLC online or call us today at 512-610-6199.

Source:

https://statutes.capitol.texas.gov/Docs/FA/htm/FA.6.htm