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...
Property Division
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...
Divorcing in a community property state? Save your assets!
Texas couples whose marriages disintegrate are subject to community property laws. What this means is that all of the assets and gains of the marriage must be divided equally. But that doesn't mean that you shouldn't use advice and guidance from legal and financial...
Understanding how courts divide a pension in Texas divorce
For many couples, retirement accounts are substantial assets. In fact, the amount you've saved or invested over your working years for your retirement could be your biggest financial asset, other than your house. After all, you're hoping to live off of those savings...
Will you need a forensic accountant to find hidden assets?
During a divorce, couples typically clash over two primary issues: child custody and asset division. Even if you and your spouse do not have children, you could find yourself in a protracted divorce battle if you can't see eye to eye about who gets what.Texas law is...
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...
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...
Planning For Divorce Provides Many Benefits
When a marriage is headed for a breakdown, one spouse often comes to that realization sooner than the other. If you are faced with this situation, there are some simple steps you can take to protect your rights and interests. These steps can improve your position as...