After 10 years of marriage, you and your wife have decided to divorce. During the course of your relationship, you have been the sole earner while your wife took care of the household. You have been running a successful chain of dry cleaning businesses and earning enough to provide for your family.
Getting a divorce is never easy, but when it is a high net worth divorce, it can be especially difficult. High asset divorces involve disputes about the division of assets, child support and alimony and spousal support that may not always end with all parties receiving what they wanted. Even though these types of divorces lead to multiple disputes, these disagreements can easily be avoided if the necessary steps are taken prior to the two people entering the marriage.
Sugar Land residents who are looking for a divorce may be interested in some information about changing the beneficiary on accounts. The process is straightforward as long as the timing and method of changing the beneficiary is appropriate.
For some couples, divorce is an amicable situation between two adults who may not be able to live together anymore, but can agree on how divorce should proceed. For others, it is not this simple. When it comes to a divorcing party who cannot see whether it is more lucrative to settle or litigate, allow the legal professionals at the Law Office of Michael D. Tracton to help. We have experience of over 30 years specializing in family law and can help guide you through this difficult time.
High asset divorces are certainly subject to many questions concerning how much property from a divorcing couple's financial portfolio will be divided. Assets can range from pensions, stock options, real estate and even art. You can bet that these are all considered into the equation when totaling marital property. But what asset transfers during property division decisions can be subject to taxes? This is an important question to ask when you are interested in protecting your assets in a divorce.
You have spent years saving and preparing your financial nest-egg. Now you and your spouse decide you want a divorce, which often comes with an array of financial concerns. How will the finances be handled in the divorce, you wonder? Do not worry, the legal team at the Law Office of Michael D. Tracton has over 30 years of experience with high asset divorces.
When Texas residents go through a divorce, they must divide they must divide their community property - including bank accounts, real estate and other assets acquired during the marriage. If they have minor children, they must sort out all issues of child custody. But who gets to keep the dog?
Texas residents who are contemplating divorce may expect the process to be all about heated emotions, but a lot of it is really about paperwork. In fact, some people find that concentrating on the financial paperwork that goes with a divorce is a good way to keep their minds off the more painful parts of the process.