High Asset Divorces

ARE HIGH ASSET DIVORCES COMPLICATED?

You and your spouse may find that under divorce laws in Texas, the joint assets that you enjoyed together can become a source of headaches during a divorce. The higher your assets are, the more potential troubles you could run into as the litigation involved becomes more and more complex.

FindLaw considers divorces involving high assets to be complex divorce cases. This is due to the fact that the litigation involved is extremely detailed and can often times be confusing to the people involved. For example, many couples with high assets are involved in business together. Many more also share bank accounts. This can make the process of detangling your finances very complicated. It can also raise questions of who actually has legal say over certain aspects of your shared assets.

When dealing with large sums of money, you can also run into problems like a spouse potentially hiding separate assets. Though you may share a joint account, a spouse might be making money from another endeavor and keeping that on the side without you being aware of it. This can skew their overall net worth, which may result in you getting a smaller sum of money when you decide on settlements, spousal support, or alimony payments.

If you are entangled in a high asset divorce and have concerns about getting your fair share, you may want to consider speaking with an experienced attorney. Having that legal expertise on your side can help you worry less about the fine details and give you more room to focus on the important things.

On behalf of Becker Family Law