Reducing Risk in Property Division
Divorces should be handled with care. If you rush through the legal proceedings without a plan, you could end up with an unsatisfactory settlement or verdict. But trying to navigate a divorce on your own is no easy task. With the help of a Collin County, TX divorce attorney, you can take steps to protect yourself in the process of asset division.
At Moore Family Law, P.C., we represent clients in various family law issues, including high-asset and highly contested divorces. With our strategic, thorough approach, we can guide you through property division to safeguard your assets. Our firm is equipped to help with courtroom litigation and amicable settlement negotiation. Here are three proven strategies for reducing your financial risk in the property division process of divorce.
Save Money by Using Mediation Instead of Going to Court
When you take your divorce to court, you are essentially leaving the verdict in the judge’s hands. While your attorney can argue your case, the judge will ultimately divide your property according to Texas’ community property laws. Under this doctrine, most, if not all, of the assets acquired during your marriage will be considered shared property.
If you want to exercise more control over your divorce settlement, you could consider mediation. Instead of leaving the decision to a judge, mediation allows you and your spouse to reach an agreement on your own terms. Mediation also tends to be less expensive than going to court, letting you preserve more of your assets.
Get a Detailed Accounting of Your Assets Before Your Plan for Divorce Negotiation
An often-overlooked step in property division is accounting for both marital and personal assets. Sometimes, valuable marital assets are passed over with the assumption that they belong to only one spouse. In other cases, a spouse may try to actively hide assets. Regardless of the circumstances, take the time to figure out exactly what you have in your marital estate and how much it is worth so that you can get your fair share of property.
If necessary, a forensic accountant can help you uncover hidden assets and get an estimate of the worth of your estate. When you work with our firm, we will help you ask the right questions during disclosure and properly document your spouse’s assets. We can also connect you to experienced professionals who can help trace or value assets.
Hire a Divorce Attorney with Generous Experience in Property Division Issues
In general, it is wise to seek out a lawyer for your divorce, but this is especially important if you want to protect your property rights. A seasoned divorce attorney can provide you with sound legal advice backed up by years of experience. Moreover, an attorney can give you a clear idea of your options and help you move forward with a solution that meets your needs.
At Moore Family Law, P.C., our firm brings over fifteen years of experience in family law and has the breadth and depth of knowledge you need to make sure your property settlement is fair. Attorney Moore has been recognized as a Super Lawyer and one of the best divorce attorneys in Frisco, and has been published in law journals and recognized by the State Bar of Texas for his work.
Contact a Collin County, TX Asset Division Attorney
A divorce can come with a dramatic shift in your lifestyle, with serious implications for your assets. At Moore Family Law, P.C., we can help you negotiate for an appropriate share of marital property to help ease the transition out of your marriage. To schedule a consultation with our Frisco, TX divorce lawyers today, call us at 214-764-8033.