Divorce is always complicated, especially when there’s significant wealth on the line. Though the aim of Texas courts is always to divide assets as close to 50-50 as possible, in practice 50-50 is much trickier than simply cutting the loaf down the middle.
Only an attorney experienced in high-net-worth divorces can help you answer some crucial questions that can sway your fortunes and your future.
Are your assets valued correctly?
It’s common for some divorcing spouses to try to undervalue real property, personal property, and business holdings in an attempt to retain a bigger share of the marital property than he or she may be entitled to.
You may be surprised by how much needs appraisal. For example, if you as a couple owned collections of guns, antiques, and jewelry, it will be important to get an objective figure from an appraiser qualified to appraise each of those items. Your attorney(s) may then make determinations as to the fairest division of those assets.
Has your spouse hidden assets you might be entitled to a share of in the divorce?
Hiding assets is never a good idea. It can result in a criminal charge of perjury or contempt of court. It often results in a judge’s decision to award a greater portion of the assets to the spouse who was honest.
Of course, that doesn’t stop some people from trying. You need an attorney who work to ensure all assets are on the table – before the divorce decree is finalized.
Has the division of property taken into account all the facts?
Some contributions to marital property don’t show up on a spreadsheet. It’s important to make sure an experienced attorney is your advocate you so all your sacrifices, contributions, and other particulars are taken into account.
The Evans Law Group can help you receive a favorable share of property, as allowed by Texas family law.
Don’t enter a high-net-worth divorce alone
Don’t try to take on your divorce alone, especially if you’ve got a wealth of assets to protect. Contact Evans Law Group today to work with an attorney who understands you, understands what you’ve done, and knows how to reach an outcome that is fair to you.