location6160 Warren Pwky, Suite 100, Frisco, TX 75034
Call for a Free Consultation

phone972-954-6455

North Texas Divorce LawyerIn most cases, getting a divorce will require spouses to consider multiple complex issues. When a couple has joined their lives together, determining how to separate from each other can be difficult, regardless of the reasons for their divorce. While all couples will need to make decisions about the division of their marital property, spouses with a high net worth may find this process to be especially complicated. By considering different types of assets and determining how to reach fair and equitable agreements on how these assets will be divided, a couple can complete the divorce process successfully and ensure that both spouses will have the financial resources they need going forward.

Dividing Valuable Marital Assets

In divorce cases where a couple has a high net worth, assets such as the following may need to be addressed:

  • Real estate - While determining how to handle ownership of a couple’s primary residence may be difficult enough, the asset division process may become even more complicated if a couple owns multiple properties, including vacation homes and guest homes, as well as properties leased to commercial or residential tenants. Spouse may need to consider whether either party wishes to continue living in a home, whether a person will be able to assume sole ownership, and whether it may be beneficial to retain ownership of a property that generates ongoing income. If necessary, a couple may choose to sell one or more properties during their divorce. If a spouse will continue owning a property, they will need to remove the other spouse’s name from the title, and they may need to refinance the mortgage in their name alone.

    ...

Collin County Divorce LawyerThere really is no such thing as a “simple” divorce. Even when both parties are getting along enough to work out a settlement in a civil manner, deciding who gets what can become complicated. In less civil divorces, things can become highly complex very quickly. There are a few signs that should indicate to you that your divorce may be more on the complex side. Or, you may know even before you file that your divorce is not going to be easy. If you are facing a complex divorce, it is important that you work closely with a well-qualified attorney. Complex divorces can require significant legal skills to successfully navigate. 

What Are Some Signs That My Divorce Will be Complicated?

If your divorce entails any of the following, you should expect some complications: 

  • Animosity - Amicable divorces tend to be easier, as both parties are likely to make reasonable concessions for the sake of keeping the peace. However, when there is significant animosity between the spouses, negotiating a settlement is not likely to be easy. Your spouse may refuse to compromise simply to spite you. Litigation is a strong possibility. 

    ...

North Texas Divorce LawyerWhen a couple chooses to end their marriage and get a divorce, both spouses may experience financial difficulties. Each spouse will need to make changes to their lives as they shift from combining their incomes and expenses to managing separate households. Most of the time, spouses will need to scale back on their spending and determine how to cut down on expenses so that they will be able to meet their ongoing needs. However, there may be some situations where one spouse may not earn enough to fully support themselves and maintain their standard of living. For example, stay-at-home parents may not earn any income, and they may rely on their spouse’s income to cover the family’s financial needs. In these cases, spousal maintenance/alimony may be appropriate. 

If a couple agrees that one spouse will pay spousal support to the other after their divorce, or if spousal maintenance is awarded by the judge in a couple’s divorce case, the determination of the amount that should be paid and the amount of time that payments will last will be based on the parties’ circumstances at the time of their divorce. However, it is likely that circumstances will change in the years following the end of a couple’s marriage. In some cases, an ex-spouse may believe that certain changes are significant enough to warrant a modification of spousal support. In these situations, it is important to understand how modification requests may be handled.

Modification or Termination of Spousal Maintenance

If a person believes that a spousal support order should be modified, they must file a motion to modify maintenance in the appropriate family court. Notice of this motion may be served to the other party, who may file a response to the request for modification. A hearing may be held in which the party requesting the modification will need to provide evidence demonstrating why the modification is needed.

...

Frisco Divorce LawyerIf you are in an abusive relationship, getting a divorce can be a powerful way to protect yourself and your children. Intimate partner violence tends to escalate over time, so the sooner you leave that type of marriage, the better. When there is violence at home, you may be afraid to take the important step of filing for divorce. You may fear that your spouse will retaliate, or that you will not have a way to support yourself. There are steps an attorney can take to help you stay safe during this process and to help reduce your stress during the time your divorce is in the courts. Make sure you work with a lawyer who has experience with divorces involving abuse. 

4 Things to Be Aware of When You Divorce an Abusive Spouse

When your marriage has become unsafe due to abuse, you might be worried about how the divorce process will go. While you probably cannot expect much cooperation from your spouse, you can get divorced whether they like it or not. Some things you should know about divorce after abuse include: 

  • Restraining orders - A Protective Order can help you stay safe during your divorce. These orders can force your spouse to leave the marital residence and not return, so that you can stay safely at home with any children. These orders can also forbid your spouse from contacting, stalking, surveilling, or otherwise bothering you, or from going to your workplace or your children’s school. If you have children, the order can protect them as well. Your spouse can be arrested if they violate the order. 

    ...

Collin County Divorce LawyerThe Supreme Court ruling of Obergefell v. Hodges was a manifestation of a sea of change in American cultural attitudes towards the legality of homosexual marriage. In many ways the culmination of many years of deeply felt activism on both sides of the issue, this 2015 ruling made same-sex marriage legal in every state. But along with same-sex marriage came the same complications and difficulties of heterosexual marriage, including divorce. While gay and lesbian couples getting divorced in Texas can expect the same-sex divorce process to look mostly the same as their heterosexual peers, here are some important facts to know.

Cohabitation Agreements Are Trumped By Prenuptial Agreements

Same-sex spouses who got married in a state where same-sex marriage was legal before the Obergefell v. Hodges decision may have signed a prenup in their state of marriage and a cohabitation agreement in Texas. Now that same-sex marriage is legal everywhere, the prenuptial agreement a couple signed in another state will take legal precedence over a cohabitation agreement signed in Texas. 

Breakups Do Not Constitute Divorce for Property Issues

Couples who got married in Massachusetts or another state with same-sex marriage before 2015 may have moved to a state without same-sex marriage and ended their relationship without the ability to get divorced. But unless a couple legally gets divorced, new property, income, and other assets will still be considered shared marital assets. If your relationship has been over but you have yet to get divorced, you can expect your accumulating assets to be considered marital. All marital property will need to be divided in your divorce. 

...
Back to Top