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Are You Considering a Texas Divorce?

Posted on in Divorce

Travis County High Asset Divorce LawyerWhen a marriage has broken down, it can be difficult to decide which way to turn. Do you stay and try to work through the issues that have come between you and your spouse or do you finally walk away and start a new life for yourself? There are many aspects to ending a marriage – both emotionally and legally. Before making the final decision, the following are some of the issues a person should think about when considering divorce.

Will You Be Able to Support Yourself Financially?

If you are the primary wage earner, then this may not even be a question for you to consider, but if you are a stay-at-home parent or only work part-time, you will need to consider how you will be able to cover all of your expenses after your divorce is final. If this is your situation, your attorney may recommend seeking spousal support from your spouse.

Where Will You Live During and After the Divorce Is Final?

When a couple decides to divorce, one of the spouses will usually move out of the home they share together. Will this be you or will it be your spouse? Having this plan in place before you actually begin the divorce process is important.

What Is in the Best Interest of Your Children?

Far too often, issues surrounding the couple’s children are some of the most contentious. Who will the children live with and who will make the major decisions for them? Will one parent be paying the other parent child support? How will holidays and vacations be spent? These are just some of the questions that co-parents will need to decide during the divorce and custody process. No matter what the final outcome is, it is important for both parents to keep in mind that these decisions should always be made based on what is in your child’s best interest.

What Are Some of the Other Financial and Legal Issues That You and Your Spouse Will Need to Decide?

Many couples do not realize the extent of issues that will need to be decided in a divorce. Being fully informed before the process begins can help you begin to prepare for how you think they should be resolved.

The financial aspect of a divorce, especially a high-net-worth one, will also involve the division of assets and property, as well as how marital debt will be split. Although Texas is a community property state – meaning the marital estate should be divided 50/50, some of the issues that may have to be dealt with are asset dissipation or hidden assets.

Will It Be a Friendly or Non-Friendly Divorce?

Knowing ahead of time whether or not you and your spouse will be able to amicably settle things or if it will be a long, drawn-out process filled with acrimony and anger can help you with your preparations, as well as help your attorney know what to expect. If your divorce will not be a friendly one, you will also need to prepare for the expense this type of litigation can bring.

Contact a Travis County Divorce Lawyer

Are you considering a divorce? Before making any decision, it is a good idea to speak with a skilled Austin, TX high asset divorce attorney first. Call Powers and Kerr, PLLC at 512-610-6199 to schedule a confidential consultation and find out what your legal options may be.

 

Source:

https://statutes.capitol.texas.gov/Docs/FA/htm/FA.6.htm

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