We have Big Money and I want a Divorce!
My husband and I have A LOT of money and Assets and I want a Divorce! If you find yourself in a situation where this is a true statement, preparation and a clear picture of the assets remains crucial.
Having money blesses most families and family situations, but when spouses seek divorce, it may turn into a curse. Fighting over a divorce financial settlement definitely drives up legal fees, and heartburn results. A large estate with retirement and brokerage accounts can be a mess. Add properties and commodities and many attorneys run into trouble. Family owned business further complicate matters — look out if that is your situation.
Many tools exist that provide invaluable help. Your attorney should provide you with a spreadsheet that you can complete to give you at least a rough picture of the complete financial circumstance. The Texas Family Code instructs that marital assets should be divided in a “just and right manner”. Many courts and judges interpret that to mean a 50/50 split of the community property. If you are unfamiliar with what is and is NOT community property, you need help. Attorney Michelle Schmidt worked in the Finance Industry for over 10 years and knows the ins and outs of financial transactions. Also, our firm offers free consultations to assist you in assessing your circumstance. Contact us today at (281) 550-6650 to schedule your free consultation.