(833) 553-4251
(833) 553-4251
Divorce is rarely simple. If you are a public figure like a professional athlete, you may be worried about how divorce will affect not only your personal well-being but also your reputation, career, and future.
This makes it crucial to work with an Austin professional athlete divorce lawyer who understands how much is at stake and can skillfully safeguard your personal interests. The seasoned divorce attorneys at Kimbrough Legal, PLLC, could develop the right strategy to address concerns, such as the protection of investments, tax planning, complex property division, and the impact of prenuptial or postnuptial agreements.
While the extent of the assets typically involved in professional athlete divorce cases varies from other divorces, certain legal procedures are standard. For example, all divorce cases in Texas require a 60-day waiting period.
Moreover, to file for divorce, at least one spouse must have been a resident of the state for six months prior, as well as be a resident in the county where the divorce is being filed for a minimum of 90 days. It is important to work with an Austin attorney who is well-versed in the unique complexities of professional athlete divorce cases to ensure that you get the thorough representation you deserve at every stage of the case.
Divorce cases involving professional athletes can be influenced by various factors, such as the existence of a prenuptial agreement, whether the divorce is contested, and any allegations of fault by either party.
The extent and nature of the assets, whether children are involved, and the involvement of third parties such as valuation experts can also contribute to the divorce timeline. Family law matters such as divorce and child custody always present hurdles, but the demanding schedules, wide-ranging assets, and logistical realities that professional athletes face can complicate these cases.
The careers of professional athletes can place them under enormous pressure, compounding the need for staunch legal representation from an experienced Austin lawyer who understands the key challenges involved in the event of divorce.
Texas is one of a handful of states known as community property states. This means that any property acquired before the marriage is separate, but assets acquired during the marriage are jointly owned and must be divided in a fair manner in the event of divorce. For example, assets, earnings, and endorsements that a professional athlete acquired during marriage could be subject to division.
While spousal maintenance is not required, it can be ordered by the court or agreed upon by the divorcing parties. Multiple factors can affect alimony—if a court awards it at all. These can include the length of the marriage, the financial resources of each party, and a spouse’s contribution to the other spouse’s training and career.
Spousal maintenance is often very limited in duration. The value of the marital assets divided between the parties in divorce will also impact the value and duration of any spousal maintenance.
Child custody and support are common in many divorce cases, but may have specific challenges when a professional athlete parent is involved. Professional athletes may have complicated travel and training schedules, while support obligations that would normally fall under state guidelines may deviate, given the nature of the assets involved.
Determining what is considered marital or community property and separate property can be challenging for professional athletes. Typically, this will involve assessing various forms of property as well as endorsement agreements, team contracts, and other documents necessary to obtain a proper valuation of all assets involved.
A person divorcing a pro-athlete may also wish to seek spousal maintenance that aligns with the lifestyle they enjoyed during the marriage, especially if they gave up certain career advancements or other opportunities to support their spouse. An experienced Austin professional athlete divorce lawyer could help you navigate sensitive issues with the utmost sensitivity and discretion. Contact our firm to schedule a consultation today.
N/a
