Property Division

Asset and debt division are topics that people commonly have questions about when going through a divorce. If your spouse currently carries a large amount of debt, for example, you may wonder if you will be responsible for some of that debt. The short answer is that...

Once you take the emotional side of things away from the equation, a Texas divorce involves divvying up assets and debts so that the two of you may go your separate ways. When you and your ex own a home together and share a mortgage, it may be one of the most...

Property division, as a result of your divorce, can adversely impact your financial situation. Texas Family Law codes determine marital property and provide guidance regarding the definition of separate property. This makes the way you present your contributions to...

When it comes to divorce, family businesses are considered an asset. As a result, decisions must be made on how to divvy up a family business in a way that is fair to both spouses. This situation can be emotionally trying, especially if one spouse believes he or she...

Divorcing Texas couples like you have a lot of hurdles to overcome. Property division is often a big one. Many heated arguments break out over who gets what. It can even drive some spouses to try hiding assets. This is a bad idea for many reasons. Not only is it...

Married couples commonly share debts as well as assets. This logically requires that a divorcing couple determine which person may be responsible for repaying which debt after their divorce process completes. Assigning liability for joints debts may end up becoming a...

The majority of states in the US have equitable division laws, meaning a judge weighs various factors to negotiate how a divorcing couple will split their assets if the couple cannot negotiate the divisions on their own. For the most part, this means that even if...

If you're married and considering a divorce, you are likely giving some thought to which property and assets will remain with you and which will go to your spouse.That's a good question. Texas is a "community property" state which means that any property, assets or...

Couples in Texas who are getting a divorce and who own a home will need to divide it, but they should beware of some common pitfalls in doing so. For example, some people will fight to keep the house without realistically considering whether they can afford it. This...

When going through a divorce in Texas, it is important to properly divide retirement accounts. To split a 401(k) or similar account, a qualified domestic relations order (QDRO) will need to be drafted. The order will then be approved by a judge and reviewed by a plan...