High net worth divorce in Texas comes with its challenges. It takes an expensive toll, both emotionally and financially, on both the partners involved.
Since high net worth divorces involve expensive assets, they are challenging and complicated to navigate.
However, to protect your assets and rights, and get high net worth divorce help, here are some of the do’s and don’ts to keep in mind:
#1: Don’t make emotionally impulsive decisions
Do not make decisions when you are emotional without considering the long-term effect. Most people often end up making rash decisions when they are emotionally driven and end up giving more assets to their partner than they should. Considering a professional lawyer will help you make a better decision on the division of assets.
#2: Don’t limit the division to just your physical and liquid assets:
A high net worth divorce is not just about dividing the physical and liquid assets but dividing all the possible expenses and income, including child support, tax liabilities, tuition costs, and more. Your lawyer can help you understand all the possible details for the present and future.
#3: Do not hide or devalue your assets
This goes without saying, but hiding or devaluing your assets is unethical and leads to more complex issues later. Instead, trust your lawyer as they will help you protect your assets at all costs.
#4: Correctly value your assets:
Valuation of assets to determine their worth for a fair distribution of property is essential. You may hire a financial expert to determine the fair value of your assets.
#5: Hire the right attorney with high net worth divorce experience:
Picking a “cheaper” lawyer because your friend suggested can cause you more than what you see. To protect yourself from the complexity of high net worth divorce, hire an experienced attorney.
Your future assets and finance will be in the hands of the attorney you pick. A reliable attorney will fight for you instead of working in their interest. Therefore, you need to choose your attorney wisely.
At Ramos Law Group, PLLC, high net worth lawyers have a proven record of negotiating favorable outcomes. We understand that everyone’s requirements are different, and hence we carefully plan a strategy to bring the best favorable result.
The lawyers will help you throughout your entire divorce process from not only the valuation of assets but also till the child or partner support determination.
Contact Ramos Law Group for help with your high net worth divorce and get the best attorney for your case.