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Posted on in Child Custody

Texas divorce lawyerCouples with significant assets who decide to dissolve their marriage face a host of unique issues that don’t come up in standard divorces. For instance, couples with diverse assets must often obtain appraisals for antiques, jewelry, and business interests, in addition to retirement benefits, stocks and bonds, and bank accounts. While these issues are unique to high asset divorces, there are some aspects of divorce that remain the same regardless of the amount of the parties’ assets. This is especially true in cases that involve children, as those who are not able to come to an out-of-court agreement regarding custody, parenting time, and visitation will need to place their case before the court. In these cases, judges often look to the state’s standard summer visitation schedule when making custody decisions. For an explanation of these guidelines and how they could affect your own custody arrangements, please contact an experienced Leander high asset divorce attorney as soon as possible.

Managing Conservators

In Texas, courts have a large amount of discretion when it comes to making custody arrangements. However, there is a presumption that granting parents equal time with their child is in the parties’ best interests. For this reason, many divorcing parents are deemed to be joint managing conservators, which means that they share the rights and obligations to make decisions regarding the child’s education, health, and welfare. Even in these cases, it is common for one parent to be named the managing conservator, which means that he or she would have the responsibility of deciding where the child will primarily reside. When one parent is named the managing conservator, the other will be considered to be the possessory conservator, which means that they could have 50-50 possession, standard visitation, or expanded visitation.

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