High asset divorces in Texas are different from other types of divorces. These divorces often involve complex property division and complicated valuations of community property. Since all community property is divisible under Texas law, it is essential that high-value assets be appraised accurately. Beyond complex property division matters, high asset divorces can also be much more complicated in terms of spousal maintenance issues, as well as matters pertaining to child support and even child custody. Given that high asset divorces are so complicated, it is easy to make mistakes if you do not work with an experienced attorney. Those mistakes can cause problems in your divorce case and can, in some situations, be irreparable.

An aggressive Texas high asset divorce lawyer at Powers and Kerr, PLLC can begin working on your case today. In the meantime, the following is a list of common mistakes you should avoid in an Austin high net worth divorce.

Failing to Work with an Expert Appraiser

In a high asset divorce, it is essential to work with an appraiser who can provide an accurate and fair valuation of your valuable property. If you fail to work with an expert appraiser, the court may value property in ways that do not take into account the unique aspects of the property, or your spouse’s valuation may be the sole evidence that the court uses to place a value on the property. You should work with your lawyer to hire an appraiser who has experience providing market and insurance valuations of the particular kinds of property that will be classified as community property in your divorce.