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Tips for high-asset couples during the property division process

On Behalf of | Mar 21, 2022 | Divorce

Significant assets and high income can complicate a divorce, even an amicable one. You and your spouse will need to factor in many considerations that other couples do not.

These tips can help you reach a successful and fair outcome during the Texas property division process.

Be patient

It is natural to want to move on with your life as quickly as possible, but you should expect that your divorce will take longer than the average divorce. Make sure that you only agree to settlements that are in your best interest. Trying to settle quickly could lead to unfair results.

Do your due diligence

When significant assets are at stake, you will likely need to actively involve yourself in your case. You need to identify all marital property and seek independent valuations for complex assets. Be sure to consider the tax implications of any potential settlement. Failing to do your due diligence could have costly implications.

Be honest

Hiding assets or misrepresenting your financial status can have legal consequences. It can also make negotiations more difficult or lead a judge to favor your spouse.

Put emotions aside

Emotions can run high during any divorce. Keeping your feelings in check can help you make rational decisions about the division of marital property. You may feel attached to specific assets, but it is important to balance your emotions with what is best for your future.

A high-asset divorce can bring out the worse in couples, but that does not have to be the case for you. Make smart decisions now so you can start the next stage of your life with everything you need for success.

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