While every divorce is somewhat complicated, some divorces are far more complicated than others. Complicating factors often include high assets – or otherwise-complex assets – joint ownership of a business, a hotly contested issue, failure to file requisite divorce paperwork, and finally, failure to work closely with an experienced Round Rock divorce attorney.
One of the major issues to be resolved in any divorce is the division of marital property, which is the property that you acquired together as a married couple. In high asset divorces, this division can become very complicated very quickly. When a couple has high assets, those assets tend to be extremely diversified, which makes them easier to hide, move around, and/or to otherwise manipulate. When high assets are involved, the division of marital property tends to be one of those hotly contested divorce issues.
If you and your divorcing spouse own a business together, it’s complicated. Dividing a business is obviously not generally conducive to keeping the business afloat, but procuring the funds to buy your spouse out (or vice versa) can be exceedingly complicated. Further, one spouse is often more involved in running the business than the other, but it remains a marital property that must be divided in a manner that is just and right (fairly) upon divorce. Suffice to say that business ownership is often another one of those hot-button divorce issues.
Attempting to obtain a divorce without the professional legal counsel of an experienced attorney can make even a fairly straightforward divorce far more complicated. The fact is that divorce is a complicated legal matter that requires exacting paperwork and filings. Even one error in the process can gum up the works and leave you with a far trickier path forward that you bargained for. Further, your divorce terms will have serious financial consequences, including tax implications, that you may not have even considered. Working closely with an experienced divorce attorney is critical to ensuring that your best interests are protected throughout.
Every divorcing couple must come to mutually acceptable terms regarding the basic components of divorce (or allow the court to set those terms on their behalf). These components include:
Any one of these can become a hotly contested issue that serves to further complicate the finalization of a divorce.
Even the most placid divorce can quickly take a turn toward serious complications. The fact is that, when it comes to divorce, emotions tend to run high, and complications often ensue. The dedicated divorce attorneys at The Jackson Law Firm in Round Rock, Texas, are committed to helping you weather the complications inherent to your divorce and to finding terms that protect your rights. We’re here to help, so please do not hesitate to contact us online or call us at (512) 528-1900 today.