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Posts tagged "property division"

Colts owner and his wife getting divorced

Jim Irsay is a name that many people here in Texas may have run across while reading sports news, as he is the owner of the Indianapolis Colts. Recently, Irsay's name has jumped from the realm of sports news into the realm of family law news; it has been reported that Irsay and his wife are getting divorced.

Do long-term separations affect property divisions in Texas?

Making the decision to end a marriage does not typically happen overnight. Couples typically go through at least some period of transition before a divorce where they will try to repair a marriage or try alternative solutions. In some cases, couples will stay together until their children are out of the house. But in some situations, these periods of adjustment and transition can stretch on for many years. 

Community property, equitable distribution: How do they differ?

Divorce is a formal legal process that ends a marriage under the eyes of the law. The broad definition is the same in all 50 states. As for the details, that is where everything starts to differ depending on where you file those divorce papers.

Phyllis Lyons files for divorce from Adam Arkin

Recently, some divorce news has arisen regarding a celebrity couple: actor Adam Arkin and actress Phyllis Lyons. Lyons and Arkin have played roles in many movies and TV shows. Arkin's body of work includes "Chicago Hope" and "Sons of Anarchy" and Lyons' body of work includes "All My Children."

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.