What's going to happen to your money if you divorce? How will this decision impact your financial future? These are just a few of the many questions you probably have as you prepare to move forward with the process of ending your marriage. It's normal to have concerns about your future, and it can be helpful to learn about what you can expect from this process.
If you are one of the many people in Texas who is facing a divorce, you will have many difficult decisions with which to deal. Even if the face of the emotional impact of your divorce, you will need to assess many of these decisions from a practical, financial perspective. The more you can take emotions out of the decisions, the better it might be for you in the long term.
Texan residents like you who are getting a divorce may have extra hurdles to jump if you have a lot of assets. Today, we at Law Thompson, P.C., will discuss some tips that you can use if you're dealing with a high asset divorce and all of the struggles that come with it.
As the parent with primary custody, you should receive court-ordered child support from the non-custodial parent. You and other Texas residents who get child support may also get unsolicited advice and information from well-meaning family and friends - some of it incorrect. Understandably, this may leave you feeling confused and worried as to how you can spend child support and whether your spending will be monitored or controlled.
When you have considerable assets, you have a lot worth protecting, and you also have a lot to potentially lose in your impending Texas divorce. Typically, high-asset individuals who make their way through divorces want to do everything they can to help preserve their wealth, and there are numerous methods you can employ to help make this happen. One such method many high-asset individuals are choosing to help them get their fair shares amid divorce involves adding forensic accountants to their divorce teams.