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TX divorce lawyerIf you are planning to file for divorce in Texas and you know that you and your spouse have not reached an agreement about how your assets will be divided, the prospect of property division can be anxiety-inducing and complicated. Dividing assets is especially complex in high asset or high net worth divorces, where married couples own substantial amounts of valuable property in many different forms. In such cases, those parties may want to take steps to prevent the court from making the final decision about how their community property will be divided. You may know that divorcing spouses can agree to a property settlement agreement in which they determine how their community property will be divided.

However, if you are involved in a contentious separation or divorce with your spouse, you may be wondering how you could ever get to the point of reaching a property settlement agreement. Family law mediation may be beneficial. We want to tell you more about how mediation can help in such cases, and to emphasize that an experienced Texas high net worth divorce lawyer can assist with your case.

Mediation Can Cost Less Money in the Long Run

For couples expecting a high net worth divorce, mediation can be particularly helpful because it can allow the parties to save a significant amount of money that otherwise would be spent on court hearings in which the court must classify property as separate or community property, value it (which can be particularly time-consuming and complicated for the variety of assets held in high asset divorces), and distribute the property according to Texas law. With mediation, the spouses may be able to reach an agreement on a shorter timetable and at less cost.

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