For couples considering divorce, the way they split up their assets is often going to be a major source of contention. It's quite possible that the spouses will not agree on what is fair when it comes to the property acquired during the marriage.Texas judges do their...
Divorce
Protect your assets with a property division checklist
Are you going through a divorce? Are you worried about losing your property and assets? Do you want to put yourself in the best possible position regarding asset and debt division?There is no denying the fact that property division can be a contentious issues during...
Mistakes to avoid in a grey divorce
Divorcing later in life comes with a different set of challenges than for couples that divorce under the age of 50. People that divorce at a younger age have time to rebuild retirement accounts, investment portfolios, and their lives in general.Now that you are...
What happens with student loans and other debts in divorce?
When couples divorce, people typically focus on issues like asset division and child custody. However, the division and allocation of debts can have a significant effect on the size of the property settlement you receive. You may think that just because you...
Avoiding fees when dividing retirement accounts in divorce
Certain community assets are difficult than others to accurately divide during a Texas divorce. For many couples, retirement accounts and pensions may seem straightforward. After all, these accounts have a clear balance. It's easy to determine what was deposited...
Dividing property during the divorce process
Divorce is never easy, especially when it comes time to decide who gets what. If your spouse wants the main residence, does that mean you will get the vacation house on the lake? What about the oil and gas interests the two of you invested in a few years ago, the...
Plan how you’ll discuss divorce with your child
As unfortunate as it may be, many people go through the divorce process every year. Some are able to put their relationship in the past without much stress, but others find that there are details that make this extremely challenging.If you have at least one child with...
How small business owners can protect their company in divorce
Divorce will have dramatic implications on every part of a person's life. For business owners, a divorce could even imperil the company's future.If you find yourself in this position, there's no better time than now to answer key questions to ensure that your business...
Keeping your inheritance safe from divorce
Texas is a community property state, which means that any property attained during the marriage belongs to both spouses. Since inheritance money is considered separate property, there's a good chance your spouse will not be entitled to any of it in the divorce....
Dividing Unusual Assets And Debts In Divorce
Many types of community assets can be easily identified and valued for the purpose of division during the divorce process. Examples of these include bank accounts, brokerage accounts, and retirement assets. This also applies to debts incurred entirely during the...