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Collaborative divorce spawns gentler division of marital assets

Many issues within a marriage can lead a Texas couple to opt for a divorce. The process of untangling lives and starting fresh can be intimidating and present many challenges. The division of marital assets and child custody are tow of the biggest hurdles separating couples may face. A trend toward collaborative divorce may help parents to communicate effectively with another in order to co-parent during and after a divorce.

Texas entrepreneurs safeguard assets during property division

Woman entrepreneurs are on the rise in Texas and business is flourishing. But with hard work sometimes sacrifice is not too far behind. For women who own businesses and see that a divorce is not far off, understanding the unique financial challenges involved is imperative to making important decisions about the structure of the business and the property division that will follow.

Division of marital assets doesn't have to cost a Texas fortune

Divorces can be a very trying time for couples who are seeking to separate their once-entangled lives. No longer sharing the same residence is usually the least of a once happily married couple's worries. The division of marital assets, which can include retirement accounts and other savings plans, can be quite costly if not handled correctly during the divorce proceedings. Texas residents can ensure that their financial future is safeguarded from unnecessary tax implications with simple steps that have been put into place early on during the divorce.

Social media can impact the division of marital assets in Texas

Social media has become a part of daily life for most Texas residents. With the ability to share one's day with the click of a button or touch of the screen, many Americans are turning to social media as a way to keep connected with loved ones and friends. But as with any platform that one may use to share their personal life, couples going through a divorce may wish to keep some things off of the screen, especially when it comes the division of marital assets that one may want to keep out of the divorce.

Texas veterans see retirement pay lessen with property division

Texas military families support one another through times of deployment, country instability and the general perils of life. Within the family unit, the constant moving around and lack of physical support during times of deployment can leave the left behind spouse feeling alone and uncertain. Sometimes, these feelings or other disagreements can lead families to separate. As divorces sometimes go, the community assets, which can include disposable retired pay, will be divided. This property division can spell trouble later down the road if not handled correctly during the divorce negotiations.

Inheritance is separate property in Texas divorce

The division of property and assets can be a sore spot for couples who are going through a divorce. In Texas, most assets acquired during the marriage become marital property and belong to both spouses. The exceptions to this are inheritance or gifts and personal injury settlements. These exceptions are categorized as separate property in a Texas divorce.

Considering assets is key to property division

Divorce can cause turmoil for families both emotionally and financially. Fortunately, Texas couples considering divorce can lessen the burden by planning out their property division in the early stages. Acquiring skilled legal counsel for each spouse can also benefit couples by handling the more complex areas of divorce.

Seeking clarification regarding division of marital assets

Many Texas couples will be among those who file for divorce this year. Navigating the process is often wrought with challenge, especially for those who have children. This is not to say, however, that solutions cannot be found to provide all those involved the most opportunity available to move forward toward successful and happy futures. Division of marital assets is often a main concern, and anyone heading to divorce court will want to seek clarification of laws related to such matters.

How a prenuptial agreement affects community property in Texas

Divorce is often a complicated matter. State laws that govern the process vary, and spouses choosing to end their marriages in court in Texas will want to seek clarification on certain issues before taking any formal action. In fact, some say the best time to educate oneself regarding the topic is well before the wedding day. This might help prevent contentious disagreements regarding community property, child custody and other related issues if divorce occurs.

When complications arise regarding community property

Texas, like a number of other states, considers all property acquired during marriage as jointly owned. If divorce occurs, all assets considered community property will be divided equally between spouses.  In situations where spouses do not want particular assets to be shared, complications can arise. 

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Warmbrodt, Winslow & Associates.
One Allen Center, 700 Central Expressway South, Suite 150
Allen, TX 75013
Toll Free: 800-611-2638
Phone: 972-509-2725
Fax: 972-509-2775
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