Search Results for: community property
Property Division in Divorce
Property division in divorce can be complicated. How the courts divide the estate depends on the type of the property involved and when or how it was acquired. Particular attention must be given to division of real estate and retirement plans. The court must also determine which property is marital property and which is separate property. Marital Property Versus Separate Property Separate … [Read more...]
Property Division
During a divorce, many couples are surprised at how difficult it can be to divide not only high-valued assets, such as homes and vehicles, but everyday items, bank accounts, retirement accounts and debts. Paula Lock Smyth Law Offices, a Dallas, Texas, family law firm, offers personalized legal advice and aggressive advocacy to individuals who are facing property division issues during a … [Read more...]
Property Division
Property Division In Divorce During a divorce, many couples are surprised at how difficult it can be to divide not only high-valued assets, such as homes and vehicles, but everyday items, bank accounts, retirement accounts and debts. Paula Lock Smyth Law Offices, a Dallas, Texas, family law firm, offers personalized legal advice and aggressive advocacy to individuals who are facing property … [Read more...]
What laws apply to property division in a divorce?
Understanding the way property is divided is very important in a divorce. This is often the most disputed issue in a divorce, after child custody. Every state in the nation has a law about how to divide the couple’s property during a divorce. In most states, the law follows a standard known as equitable division, meaning that the division must meet guidelines of fairness. However, Texas follows … [Read more...]
Property division rules in Texas
There are lots of difficult decisions that must be made when a couple decides to end their marriage. After child custody matters, perhaps the most important is deciding how to divide property amongst the divorcing couple. However, the couple’s choice is not the only deciding factor-where a couple decides to divorce is also important. Some states follow the equitable distribution rules whereas some … [Read more...]
TX property division: alimony issue in heated billionaire divorce
Although many couples initially wish to end their marriage amicably, that does not mean that disagreements will not come up. Sometimes, these disagreements can become so heated that they lead to a particularly contentious divorce. Texas residents may be interested to hear that the divorce between billionaire and hedge-fund manager Ken Griffin and his wife has turned bitter. Griffin’s wife … [Read more...]
What You Should Know Before Moving Out During a Divorce
Moving out of the marital home during a divorce can affect parenting time, finances, and daily life, but it does not mean you give up your rights to your home or your children. Before making that decision, it helps to understand how housing, expenses, parenting schedules, and finances are treated and why speaking with an attorney early can prevent problems later on. Moving Out Does Not Mean You … [Read more...]
Are Prenups Worth It?
You might wonder if a prenuptial agreement is necessary. The answer is often yes. Prenups aren’t about expecting the worst—they’re about preparing for your future. Here are three key reasons to consider getting a prenup before you say, “I do.” 1. Identify and Protect Your Separate Property A prenup clearly outlines what belongs to each of you before the marriage. Most people come into a … [Read more...]
Over 50 and Considering Divorce? What Texans Need to Know
Couples over 50 who are divorcing generally have different issues than younger couples. For the most part, they are couples who have been married for many years. Perhaps they have been waiting for the children to become adults and leave home. Now that that has happened, they are ready to go forward with their divorce plans. Issues Specific to Older Couples Some issues that are specific to … [Read more...]