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(833) 553-4251
Divorces involving one or both parties with high net worth can present unique intricacies concerning property division, spousal maintenance, and child support. Professional musicians may have particularly complicated salary structures that can make it difficult to determine what assets should be considered in divorce proceedings.
An Austin professional musician divorce lawyer could offer a wealth of experience in designing legal solutions tailored to your needs. The skilled professional divorce attorneys at our firm could help you avoid the financial cost and time-consuming burden of litigation while resolving differences in a confidential setting.
In divorce cases involving professional musicians and other prominent members of the entertainment industry, the trajectory of the proceedings will often hinge on terms previously outlined in a prenuptial or postnuptial agreement. Prenuptial and postnuptial agreements are very similar, with the key difference being that the former is created prior to the marriage while the latter is created after the marriage.
Because a prenuptial or postnuptial agreement can clarify financial expectations and obligations, protect assets, and detail the distribution of property in case of divorce, its existence can greatly simplify any subsequent divorce case. These agreements can indicate how separate and community property will be treated in the event of divorce. However, challenges over intellectual property rights and other wide-ranging assets may still be common.
For successful members of the entertainment industry, determining the extent, nature, and value of assets to be divided in the event of divorce can be uniquely challenging. Income may vary and will often come from a wide variety of sources. An Austin attorney who has broad experience handling musician divorce cases can work with outside financial experts to secure the most favorable arrangements in all financial aspects.
Spousal maintenance is not automatically awarded in Texas divorce cases. Having these arrangements previously stipulated in a prenuptial agreement can provide greater stability to the spouse supporting the musician’s career. However, issues may still arise concerning the amount and duration of spousal maintenance. If one party is earning a significant income, the other party may feel unduly abandoned. Bear in mind that certain issues cannot be resolved in a prenuptial agreement, such as child custody and child support.
Individuals with careers in the entertainment industry—such as professional musicians—will often have unique considerations when determining child custody arrangements. These careers often involve extensive travel out of state and even out of the country, so the final divorce decree will need to address these exceptional circumstances.
While matters such as child support are often determined around state-ordered guidelines, parents who are professional musicians with exceptional assets may warrant deviation from the state guidelines. A seasoned Austin lawyer could help navigate the unique economic factors that often arise in celebrity musician divorces.
A well-practiced Austin professional musician divorce lawyer knows how to handle the complexities and challenges that often arise in divorces involving high assets. The attorneys from our firm could bring in business valuators, financial consultants, and other professionals who can provide vital input throughout your case.
No divorce case is alike, but the specific hurdles that often come up in high-net-worth cases, such as professional musician divorce cases, can be even more daunting. Do not wait to secure the legal representation you need for your divorce. Contact our office today for experienced legal counsel.
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