(833) 553-4251
(833) 553-4251
Divorce is never easy, especially when child conservatorship and parenting plans are involved. High-net-worth couples going through divorce can face extra challenges regarding conservatorship issues. Conservatorship and parenting plans for Austin high-net-worth families need to account for unique financial and lifestyle circumstances. A child guardianship attorney could help you through this process.
Parents will have to maintain the standards of living the children are accustomed to, manage multi-residence arrangements, keep children in the schools they are enrolled in when possible, and consider other factors involved for high-net-worth families. An experienced high-asset divorce lawyer from Kimbrough Legal, PLLC, could help you understand your options and prepare for challenges along the way.
Texas Family Code § 153.005 views child custody as conservatorships, with two main types: sole managing conservatorships and joint managing conservatorships. Conservatorship involves decision-making on a child’s upbringing, which includes:
The factors in a child’s life apply regardless of the parents’ net worth. However, for high-income couples, questions regarding school (private vs. public), religious upbringing, and other lifestyle factors can add layers of complexity to these issues.
Courts use parenting plans to implement possession and access arrangements and guide parents in their children’s care. Our attorneys encourage parents to reach their own agreements to include in a parenting plan. When parents submit a parenting plan to the court, and the judge approves it, the plan can be part of an enforceable court order.
Parenting plans for high-net-worth parents can include a wide range of terms covering where the children live, how you share time as parents, how you handle school and medical appointments, and several situations unique to your family. Our Austin firm has experience helping high-earning clients create parenting plans and could guide you through a child conservatorship negotiation.
High-net-worth parents involved in divorce, conservatorship, possession, and access disputes face challenges other Austin families might not encounter. For example, when one parent has significantly more financial resources than the other, courts must ensure this financial difference does not disadvantage the lower-earning parent.
It is common for one parent to be a high earner and the other to have been out of the job market for years. Courts will recognize this disparity and ensure both parents stay on relatively comparable levels after divorce. Additionally, parenting plan agreements and Standard Possession Orders (SPO) must ensure that children can maintain similar lifestyles with each parent going forward.
Since divorce among high-income families will involve lifestyle changes for everyone involved, it is critical to protect the children’s best interests while accommodating lifestyle and financial changes. Our attorneys could structure a parenting plan to support your children’s physical and emotional well-being. In high-income cases, this may involve unique and flexible arrangements to account for travel, education, and other factors.
Child conservatorship disputes are stressful for any family, but high-income parents face unique challenges. To advance a child’s best interests, conservatorship and parenting plans for Austin high-net-worth families often must account for numerous factors. The experienced lawyers at Kimbrough Legal, PLLC, understand the issues facing high-net-worth parents. To seek guidance on your case, contact our compassionate team today to discuss how we could help.
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