Top Family Lawyer Daryl Weinman Reveals Crucial Mistakes in High-Net-Worth Divorces – Austin, TX

Leading family lawyer, Daryl Weinman, founder at Weinman & Associates in Austin, TX, explains how to avoid massive long-term financial implications when going through a high-net-worth divorce. For more information please visit www.weinmanfamilylaw.com

Austin, TX, United States – May 31, 2019 /MM-REB/ —

In a recent interview, top family lawyer, Daryl Weinman, founder at Weinman & Associates in Austin, TX, revealed crucial mistakes many people make in high-net-worth divorces.

For more information please visit https://www.weinmanfamilylaw.com

When asked to comment, Weinman said, “High-net-worth divorces are those that involve $1 million or more in net liquid assets. The more money at stake, the more complex the situation. This increases the probability of taking a misstep, which could have massive long-term financial implications.”

Weinman added, “Here are some things to avoid if you want to have a full and fair asset distribution and settlement at the end of a divorce case.”

Retaining the wrong attorney is one of the most prevalent mistakes in a high-net-worth divorce.

When asked to comment, Weinman said, “Divorces that don’t involve such valuable assets are hard enough as it is. It’s critical to do your homework when looking for the right lawyer who can navigate the legal and financial landscapes particular to your case – especially when complex financial assets are up for grabs.”

Weinman was quick to add, “As emotions run rampant during even the best of divorces, make sure to hire an attorney who won’t let your emotions influence important financial decisions.”

Following from this, Weinman said that many couples in high-net-worth cases agree to the first arrangement that is offered by the other side.

When asked to elaborate, Weinman said, “Understandably, someone dissolving their marriage wants the process to be over as quickly as possible. However, accepting the terms of a subpar arrangement without close consideration of the proposed terms will have long-term implications.”

Another common misstep that could have severe consequences in high-net-worth divorces is hiding assets.

“Many people are under the incorrect assumption that the prudent thing to do before proceedings is to transfer assets in a bid to protect them during the divorce process. When people transfer a large sum or assets to a third party, the court sees this as fraudulent activity,” she said.

“In other words, if a court of law has accused you of attempted fraud, then you will lose your credibility – and with it, the ability to come up with a reasonable financial or child custody settlement,” Weinman added.

Source: http://RecommendedExperts.biz

Contact Info:
Name: Daryl Weinman
Email: Send Email
Organization: Weinman & Associates, P.C.
Address: daryl@weinmanfamilylaw.com
Phone: 512-472-4040
Website: https://www.weinmanfamilylaw.com

Source: MM-REB

Release ID: 518964