Attorney
Divorce is never an easy decision, but for those who have endured economic abuse, the process can feel even more overwhelming. Economic abuse, a form of domestic violence, involves one partner controlling the other’s financial resources to maintain power and control. This abuse can significantly complicate divorce proceedings, particularly when it comes to financial settlements.
In Midland, Texas, victims of economic abuse have legal options to address the unique challenges they face during divorce. At Navarrete & Schwartz, P.C., we’re here to help you navigate these complexities and fight for a fair financial resolution.
Understanding Economic Abuse
Economic abuse takes many forms, all designed to limit a victim’s independence and financial security. Common tactics include:
- Restricting Access to Money: Controlling bank accounts, credit cards, or other financial resources.
- Coerced Debt: Incurring debt in the victim’s name without their knowledge or consent.
- Sabotaging Employment: Preventing a partner from working or interfering with their ability to maintain a job.
- Financial Manipulation: Forcing a partner to justify every expense or withholding necessary funds.
These actions leave victims feeling trapped and financially powerless, making divorce a daunting prospect.
The Impact of Economic Abuse on Financial Settlements
Economic abuse complicates divorce proceedings in several ways, particularly when determining how to divide assets and debts. Key challenges include:
- Hidden or Mismanaged Assets: Abusers often hide assets or mismanage joint finances to manipulate their partner. This can make it difficult to get an accurate picture of marital property, which is crucial for equitable division in a Texas divorce.
- Coerced Debt: Victims may discover significant debt in their name, often incurred without their consent. Addressing these financial obligations requires careful legal action to ensure the victim isn’t unfairly burdened.
- Limited Financial Independence: Economic abuse often prevents victims from building savings or maintaining employment, leaving them at a disadvantage when negotiating settlements. Alimony or spousal support may be necessary to help victims regain stability.
- Emotional and Psychological Impact: The stress and trauma caused by economic abuse can affect a victim’s ability to advocate for themselves during divorce proceedings. Having a strong legal advocate is essential to ensure their interests are protected.
How Texas Law Addresses Economic Abuse in Divorce
Texas is a community property state, meaning marital assets and debts are divided equitably—though not equally—during divorce. Courts consider various factors, including evidence of economic abuse, when determining a fair division.
Victims of economic abuse in Midland, Texas, can also pursue:
- Spousal Support: Texas courts may award spousal maintenance to help victims rebuild their financial independence.
- Debt Responsibility: Judges can assign responsibility for coerced debt to the abusive spouse if there’s sufficient evidence.
- Protective Orders: Victims can request financial restraining orders to prevent further economic manipulation during the divorce process.
Each case is unique, and having an attorney who understands the nuances of economic abuse is crucial.
Steps to Protect Yourself During Divorce
If you’re filing for divorce and have experienced economic abuse, taking proactive steps can help protect your financial future:
- Gather Financial Records: Collect evidence of bank statements, credit card activity, loans, and any other financial documents that show the extent of economic abuse.
- Open a Separate Account: Establish a bank account in your name to safeguard your income and savings during the divorce process.
- Consult a Domestic Violence Attorney: An experienced attorney can help you understand your rights, gather evidence of abuse, and advocate for a fair settlement.
- Request Temporary Support: You may be eligible for temporary spousal support to help cover expenses while the divorce is pending.
- Work with a Financial Advisor: A financial advisor can help you understand the long-term implications of settlement options and plan for a stable future.
How Navarrete & Schwartz, P.C., Can Help
At Navarrete & Schwartz, P.C., we understand the unique challenges that victims of economic abuse face during divorce. Our team is committed to providing compassionate and effective legal representation to help you achieve a fair financial settlement. Here’s how we can assist:
- Uncover Hidden Assets: We’ll work with financial experts to identify and value all marital property, ensuring nothing is overlooked.
- Challenge Coerced Debt: If your spouse incurred debt in your name without your consent, we’ll fight to hold them accountable.
- Advocate for Spousal Support: We’ll present evidence of economic abuse to help secure the financial support you need.
- Provide Legal and Emotional Support: We’ll stand by your side throughout the process, offering guidance and reassurance every step of the way.
Our goal is to help you move forward with confidence and security.
A Brighter Future Starts Today
Divorce is never easy, but you don’t have to face it alone. If economic abuse has complicated your marriage and financial situation, the right legal support can make all the difference.
At Navarrete & Schwartz, P.C., we proudly serve clients in Midland and throughout West Texas. Contact us today to schedule a confidential consultation. We’ll work toward a resolution that protects your rights and sets the foundation for a brighter future.