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...
Property Division
Do I need to pay my ex’s debt after our divorce?
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...
What to know about property divisions in Texas
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...
The ins and outs of property division in a Texas divorce
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...
Pitfalls to avoid when dividing the home in a divorce
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...
How to split the 401(k) when a marriage ends
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...
Seeking the marital home in a divorce requires thought
One of the more common issues for divorcing couples in Texas is determining which party receives the marital home. Though retaining the home can often be financially advantageous, there are a number of factors to consider. The first step is to determine if the party...