When it comes to property division in a Texas divorce, it's easy to focus on the major assets like the family home, vehicles, and bank accounts. Yet, several overlooked assets can significantly impact the division process. Here are some assets you don't want to forget...
Divorce is tough, and it affects many parts of your life, including your finances. During this time, you may also wonder what is going to happen to your child's college savings plan. It is important to understand the ins and outs of a college savings plan as you are...
Discovery is a phase in divorce where both spouses are required to disclose information and provide documents on their assets, debts, income and expenses. While this phase appears procedural in nature, discovery plays a significant role in the divorce property...
Property division during a divorce can be straightforward but also complex. Some issues can be challenging to settle, especially when involving significant assets, such as the family home. The house obtained during the marriage often has an associated mortgage....
Retirement accounts, such as 401(k)s, IRAs and pensions, often form part of the assets subject to property division in a divorce. However, these assets are difficult to divide because of their complex nature and possible implications. Accordingly, having a basic idea...
Dividing property accumulated during a marriage can be one of the most challenging aspects of divorce. In Texas, property division follows specific guidelines aimed at ensuring a fair split between the spouses. Understanding these laws when facing a divorce can help...
Property division becomes more challenging when you and your spouse own a business or business shares. The most logical thing to do would be to buy out your spouse so you can maintain ownership. But first, you must know how much you will pay your ex to keep the...
There are many factors to consider when dividing business assets in a divorce, one of which is goodwill. Despite being an intangible asset, goodwill is part of the valuation process when determining the fair distribution of marital property. If you have a business to...
Separate property belongs to the individual who owned it before the marriage. The American Bar Association notes that separate nonmarital property may also include assets acquired by only one spouse during a marriage. Nonmarital property could include gifts,...
Texas is a community property state, but the division of marital property in your divorce will not necessarily be a 50-50 split. What factors will the court consider when determining how to divide your property? About community property Texas is one of nine states...
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