What to Expect in a High Net Worth Divorce
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.