Obtaining accurate valuations of high-value assets is essential when dividing property. Whether it is a family home, business or other substantial holding, determining the value ensures a fair and equitable distribution. In Texas, community property laws govern asset...
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Property Division
How Texas courts divide property in a divorce
Divorce can be a complex and emotionally challenging process, especially when dividing shared assets and debts. In Texas, community property laws guide the property division process. Understanding these laws can help you make the right decisions as you negotiate a...
Can a mediator help with property division disputes in divorce?
Divorce is never easy, and dividing shared property can often add more stress to an already challenging situation. This is especially true in Texas, where the law considers all property acquired during marriage as community property, subject to equal division. One way...
Are your assets joint or separate?
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...
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...