When going through a divorce, it is important that you understand how to divide your assets and property. Most of your assets will fall into one of two categories: community or joint, and separate. Community property Diffen takes a look at community and separate...
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Property Division
Tips to uncover hidden assets
Dividing property is often one of the more difficult aspects of going through a divorce. Unfortunately, it is not uncommon for a spouse to hide assets to protect them from division with an ex-spouse. If you suspect your spouse is not being fully transparent about...
What are common ways for a spouse to hide assets?
When going through divorce, many couples will want to keep as many of their joint assets as possible. They will usually want to avoid giving their spouse anything of theirs, too. This can lead in some cases to a spouse attempting to hide their assets. How do they...
Who is more likely to fight over assets?
Common myth states that the more assets a person has, the more likely they are to get into a serious dispute with their partner if they ever get a divorce. But just how much backing does this myth have? Do wealthier couples typically fight more over finances than...
Can you get Social Security based on an ex-spouse’s earnings?
When you feel your Texas marriage coming to an end, you may wish to pull the trigger quickly so that you might be able to start adjusting to life on your own. However, if your marriage is nearing the 10-year mark, it may benefit you to hang on a bit longer. When it...
Should you worry about crypto in divorce?
When going through the divorce process, you should always keep an eye on your spouse's assets. After all, asset division is one of the trickiest and most difficult parts of a divorce for many reasons. Additionally, it is also a part of the divorce where a spouse may...
Could divorce divide a spouse’s retirement plan or stock options?
Chapter 3 of the Texas Family Code notes that the portion of a spouse’s employer-provided retirement plan or stock options earned before marriage classify as separate property. The separate portion of a retirement plan, for example, includes financial contributions...
What is the difference between marital and separate property?
Property division is one of the most challenging aspects of divorce. According to Kiplinger, this process involves deciding what is marital property and what is separately owned. While it seems relatively cut and dried, many couples have intermingled finances. This is...
What may make the property division process go more smoothly?
A Texas divorce might become quarrelsome; both spouses have a right to half of the couple's marital properties. As noted by Bankrate.com, assets and debts acquired by either spouse during marriage classify as community property. To divide your assets in half during a...
Challenges associated with dividing cryptocurrency in a divorce
When you and your Texas spouse decide to divorce and one of you owns cryptocurrency, you may need to figure out how to divide it in a way that appeases both parties and results in a fair split. Because cryptocurrency is relatively new, there is not much of a precedent...
