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Posts tagged "complex property division"

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 professionals to ensure that you get what you need to move on in life.

QDROs and other issues related to retirement plans in divorce

In some cases, property division in divorce is pretty straightforward. It's clear what can be characterized as marital assets, which can then be divided fairly between the spouses.

How will the 401(k) be divided in your divorce settlement?

Retirement accounts started in the course of a marriage are categorized as community property in a Texas divorce. That means the retirement account will be split between the divorcing parties. For decades, real estate such as the family home was the biggest asset to consider, but now, as more baby boomers are deciding to end their marriages, significant funds in 401(k) and pension plans can be more valuable than real property.