In Texas, marriage is not only the joining of you and your partner but also the joining of all your possessions. Because it is a community property state, how the law divides your finances, assets and personal property is different from equitable division states. Here...
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Property Division
Protecting retirement savings with a QDRO
Regardless of a person's age when getting divorced, losing a big chunk of his or her retirement savings can be a hard pill to swallow. Some losses may be unavoidable, such as when the couple agrees to split one spouse's 401K account. Other losses, however, may be...
How is credit card debt divided?
Property division in a divorce is not just for assets. The court will also expect you to divide your debts, including credit card debt. Forbes explains the issue with the court dividing your debts or you and your spouse reaching an agreement about debt division is...
Property division and co-owned business interests
If you or your spouse has acquired an interest in a business during your marriage, you will now have to divide it as part of your marital property in the divorce. After the professional appraisal, which should reveal the fair market value, you will have a better idea...
What can you expect in the property division stage of a divorce?
Anyone in Texas who knows a family member or friend who has been through a divorce knows that the process can be quite difficult sometimes. Even when a divorcing couple is amicable enough to agree on many of the issues that need to be addressed in the legal process,...
Is a prenuptial agreement in Texas a good idea?
When a Texas couple gets engaged they are typically excited and full of happy thoughts about their future spouse and their future. These are exciting times for a couple filled with wedding planning, dress shopping, vendor interviews, etc. But couples should also think...
Divorce and financial assets: Consider the following
When it comes to property division, every asset deserves your full attention. However, it goes without saying that some are more valuable than others.Your financial assets have the potential to be among the most valuable, especially if you're in the latter stages of...
What type of personal property is subject to division?
Preparing for divorce calls for you to take many important steps, with the creation of a property division checklist somewhere at the top of your priority list.As you create this checklist, you'll find that personal property has a prominent place. Not only should you...
Should you fight for your family home in divorce?
As you prepare for the divorce process, you'll create a property and debt division checklist. With this in hand, you'll have a clear idea of the assets and debts to divide in your divorce, which gives you a leg up on protecting your legal rights and getting what you...
How to buy a home as part of a divorce settlement
When a married couple in Texas chooses to end their relationship, they may have to decide how to split the marital home. This is not always an easy decision for a Texas couple to make as each partner could have an emotional attachment to the house. By asking the right...