Divorce is the last thing you wanted. But you must now deal with its inevitability. You have every right to feel anger, sadness, frustration, and disappointment. However, you cannot allow these emotions to prevent you from acting to protect your interests. With the dissolution of your marriage comes the division and distribution of your marital estate. The best way to navigate your way through this process is to hire a divorce lawyer such as the ones found at divorcelawyerintx.com.
Protecting Your Interests
Once you know of the divorce, you will need to start thinking about your future as a single person, and a single parent if you have children. You will need to ensure the material comfort and security of yourself and your children. If you are in a high net worth marriage (and divorce) and there is no prenuptial agreement, getting your fair share of the estate can be complex. You want someone on your side who understands the law and the issues involved in these kinds of cases
The Issues You Will Need to Confront
The assets accumulated during the marriage will normally be considered community property. These will need to be divided between you and your ex. Here are some of the main issues you will need to confront to get to a settlement:
-
Alimony
Alimony, or spousal maintenance, is paid by the person with money to the person without any. If your ex was the sole breadwinner and you fulfilled the rile of homemaker and primary carer for your children, then you may be awarded a monthly allowance for a fixed period of time.
-
Child Support
You must also ensure that the material comfort and education of your children is secured. Your ex will need to pay child support until the child is 18 years of age. The amount will be based on their income and the value of their portion of the estate. Other arrangements can be made to see to the education of your children. The establishment of a trust, for example, can be made as part of the divorce and child support settlement.
-
Restraining Orders
If domestic violence is the root cause of your divorce, then you may need to take out a restraining order against your former spouse. Your desire for a divorce may drive them to extreme and desperate acts of violence. You should take measures to protect you and your children.
What Your Lawyer Can Do
Sorting through the financial issues of a high net worth divorce can be complex. If you have not been involved with the financial affairs of the estate, your lawyer will engage a financial expert who can get a firm understanding of the assets in it. A financial forensic investigation may even be required to account for every penny in the marital estate. Your lawyer will also take measures to prevent your ex from making large purchases, selling off chunks of the estate, or doing anything else to stop you from getting your fair share.
