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Things not to do during your divorce process. Don’t date. Don’t do drugs. Don’t drink and drive. Don’t use your children as pawns or put them in the middle. Don’t dredge on the past of your divorce process. Let the past be the past. We’re trying to move forward. It’s not gonna be beneficial emotionally or financially for you to focus on the past when we’re trying to get you moving forward. If you need counseling to deal with issues in the past, that’s probably a good idea to seek counseling or a support group in some form or fashion. Let us guide you in the divorce process and make sure you don’t step in any of those land mines in moving forward. We wanna make sure you get through the divorce process in the least financially impacting way and the most beneficial for you family and your situation.

Ramos Law Group, PLLC, your family law team of experts.

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Divorces involving significant amounts of money, property, and other assets are almost always more complicated than standard divorces. High net worth divorces are rarely uncontested, which is why it is critical to have a good divorce attorney in Houston if you want to retain what property is rightfully yours. It is essential that you hire a reputable attorney to give you legal advice specific to your personal situation,, as every single divorce is completely different. When it comes to your livelihood, there is no room for risk or error. For the best possible results, hire an exceptional attorney at Ramos law Firm.

Issues that Arise from a High Net Worth Divorces

There are endless complications that can stem from a high net worth divorce. One common issue is the allocation of an inheritance. When someone is given a significant amount of money by a family member, they naturally assume that it is theirs alone. However, a spouse with a good divorce attorney in Houston may be able to recover a portion of that income, regardless of who the intended beneficiary was. It is up to you and your lawyer to take steps to protect your assets and keep what is rightfully yours.

If there are children involved, a high net worth divorce can be even more complex. The judge will need to evaluate how much child support is going to be paid. However, this goes beyond simply determining who will pay for the child’s financial needs. If the child has extracurricular activities that cost money, medical needs, or any other additional expenses, the judge will need to decide who is required to pay these costs. This is why having a divorce attorney in Houston is so critical. With the help of exceptional legal assistance, you will be able to protect yourself from overpaying while also keeping the best interest of your children at the forefront.

How to Proceed

As you go through the divorce procedures, there will be certain requirements that can have severe financial penalties if neglected. Forgetting to sign one paper, overlooking deadlines, or failing to respond properly can have significant monetary ramifications. Additionally, one simple error can give the other spouse a substantial advantage, which can be impossible to recover from. An exceptional divorce attorney in Houston like Ramos Law Group, PLLC will make sure that all of your affairs are completely in order, ensuring that you never have to pay any penalties.

Hiring a Tracing Expert

Both spouses will hire a tracing expert, who will determine what the spouses’ estate is worth. This is a very important step, as undervaluing your assets can cause you to lose money in the long run. For instance, if both spouses own a business together, it is crucial that the value of the business is determined accurately, as it is highly unlikely that both spouses will retain ownership. This step is also necessary to prove private property and community property. If you entered the marriage owning something, it is important to establish that it is privately owned, and not joint property.

Hire Ramos Law Group, PLLC for the Best Results

Here at Ramos Law Group, PLLC, we take great pride in our expertise and years of first-hand experience. If you want unrivaled legal assistance, we will provide you with the best divorce attorney in Houston. Don’t gamble with your income and assets. You want to keep the property that is rightfully yours, and our skilled legal professionals will make sure that you are pleased with the end results. Call 713-225-6200 today and see why Ramos Law Group, PLLC has consistently satisfied clients and an unblemished track record.

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Different states have varying policies when it comes to divorce. There are some states that recognize all property and income earned by a married couple as belonging equally to both of them, and Texas is one of those states. This is what is known as community property state. Regardless of whose name is on the deed or ownership papers, both spouses have equal ownership of most assets acquired during the marriage, with certain exceptions. If you want to protect your assets, it is very important to talk to a divorce lawyer in Houston, Texas.

Determining Separate Property
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During divorce proceedings, the court presumes that all assets are community property. If certain property is yours and only yours, it will be necessary to prove that it is separate property – not community property. Separate property includes, but is not limited to, the following:

  • Property that was previously owned by the spouse before the marriage
  • Property that was acquired by gift or inheritance
  • Certain kinds of recoveries for personal injuries

Naturally, you are going to need to prove that your separate property is indeed yours. This can be difficult if you are not familiar or comfortable with the legal system. Having a divorce lawyer in Houston, TX on your side is going to drastically improve the chances of getting the desired results. You should never attempt to go into a legal situation without proper representation and consultation – especially when your assets are at stake.

tangible intangible property

Tangible and Intangible Property

There are many different types of assets that will need to be divided. The most common are houses, personal property like jewelry, clothing, furniture, and other physical goods, as well as intangible property like benefits, dividends, and income. Splitting community property can also means equally splitting debt. This can be a daunting revelation for many spouses who did not realize that debt even existed. That is why it is so important to have a divorce lawyer in Houston, Texas to help you to prove ownership (or lack thereof) of community and separate property.

Spousal Support

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In addition to splitting assets, it may be necessary for one spouse to pay spousal support to the other. Spousal support sometimes occurs when one spouse earns more income than the other, and divorce would cause the spouse seeking support to no longer be able to support their basic needs. The court will consider many different factors to determine with spousal support, often referred to as alimony, is appropriate. Again, the right divorce lawyer in Houston, Texas will be able to help you receive or keep what is rightfully yours during this trying time.

Protect Your Property with a Reputable Attorney

Divorce proceedings can be difficult, overwhelming, and quite complex. Attempting to navigate these harsh channels on your own can be quite costly. As you go through these changes in your life, it is essential that you have proper legal counsel. Ramos Law Group, PLLC has the skills and expertise to help you every step of the way. Don’t let divorce get the best of you – call Ramos Law Group, PLLC today.

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