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TX divorce lawyerHigh asset divorces in Texas are complex for many reasons, from community property that is of high-value and difficult to properly appraise to hidden assets. We often think of hidden assets as specific property, both tangible and intangible, that one spouse might try to conceal from the other spouse and from the court. For example, hidden assets often include out-of-state or overseas bank accounts or investments, business holdings, and even real estate. Yet another form that asset hiding can take is when the higher-earning spouse attempts to conceal his or her actual earnings. Income must be reported accurately to the court. If a spouse does hide the full amount of his or her income, Texas law allows the court to award the other spouse a higher amount of the community property. The spouse who hid assets can also face additional penalties.

If you do not know your spouse’s actual income and are preparing for a divorce, it is essential to work with an aggressive high asset divorce lawyer in Texas who can assist you. The following are some of the ways that you and your attorney can determine your spouse’s actual income.

Locate Tax Returns

If you have access to previous tax returns, especially if you filed jointly with your spouse, it is important to get copies of those tax returns as soon as possible. Your jointly filed tax return can allow you to determine your spouse’s reported income for those years. If you are married filing separately and may have access to both of your tax returns, you should make any copies so that you will have this information.

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Posted on in Complex Divorce

Texas divorce lawyerMany states have procedures in place to help couples obtain a legal separation prior to divorce. Unfortunately, Texas is not one of those states, as it does not recognize legal separation. However, it is possible for couples to enter into a contractual separation agreement that resolves property division and child custody related issues before obtaining a divorce. While courts do not sign off on these contracts, the terms of the agreements can be used at a later date during divorce proceedings. For this reason, it is extremely important that if you are considering a divorce and want to enter into a separation agreement, you speak with an experienced complex divorce attorney who can ensure that the contract’s terms are enforceable.

Legal Separations

While there are no Texas statutes that specifically address legal separations, couples are permitted to enter into legally binding separation agreements while they are informally separated. These contracts can include provisions regarding a number of legal issues, including:

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Posted on in Complex Divorce

Texas complex divorce attorney, Texas high asset divorce lawyerIn Texas, couples who wish to terminate their marriage must fulfill certain legal requirements before the divorce can be finalized. Ensuring that all of these requirements are met and that all appropriate paperwork is completed and submitted on time can make an already stressful situation even more emotionally taxing, so if you are considering a divorce, it is important to contact an experienced divorce attorney who can help you navigate the process as smoothly as possible.

Residency

In order to obtain a divorce in Texas, couples must meet specific residency requirements, including that one of the parties:

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