How you divide your stuff now could lead to expenses later

On Behalf of | Nov 7, 2014 | Property Division

When it comes to divorce, there are a number of processes that must be gone through before couples are allowed to sign the final document that dissolves their marriage for good. One of these processes is one that our Dallas readers may be quite familiar with: property division.

Many consider property division to be one of the steps in the divorce process that is most likely to lead to disputes. That’s because most people typically don’t think about the divorce process when they are getting married and therefore don’t actively consider who will get what during the course of marriage. Objects are purchased and emotional attachments are made, creating problems, as you can imagine, during this step of the divorce process.

One of the things couples don’t think about is the everyday marital property that is divided during a divorce. Everything from the silverware to the living room couch have to be given to one spouse or the other; but if they were purchased during the course of the marriage, who gets the stuff?

Another thing to consider is the amount of money the other spouse will have to pay out to replace the missing items. Although plates and silverware may be easy to replace without breaking the bank, buying a new couch or bed may be a different story. This should raise an important question in the minds of our readers: is this something I need to consider when dividing assets in my own divorce?

This is a question best posed to your lawyer because not only do they know how the Texas’ family code will apply to your situation but they can help you negotiate an agreement that is as beneficial to you as possible.

Source: Richmond Times-Dispatch, “Avoid a tug-of-war in divorce moves,” Peter Bacque, Oct. 25, 2014