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Property Division Archives

Property division: Convict must pay restitution to former wife

Texas couples may be interested in a legal battle in another state that underscores the importance of honesty and disclosure prior to marriage. A husband's failure to be honest and forthcoming about his past led to a legal battle about property division in another state. The issue arose when the wife, who was 19 years old when she married her 50-year-old husband in 1997, found out about her husband's indictment on charges of kidnapping and rape of an 18-year-old girl before their marriage.

Property division can be successfully navigated by women

Women nationwide, including in Texas, are often stereotyped as more emotional and less knowledgeable than men when it comes to family finances. Regardless of these preconceived ideas, times have changed. Today, women as well as men  know how to protect their rights when it comes to divorce and property division

Appraisal for property division is typically multi-faceted

Divorcing couples in Texas typically have many important matters to cover in negotiations. Property division can be a contentious process, and accurate valuation of assets is vital. Deciding on what to do with the family residence requires each spouse to know the worth of the house to themselves and to potential buyers. Homeowners may put more value on special features than others would. An accurate market-related value is required, and for this reason, the services of a professional appraiser may be beneficial.

Millionaire accused of concealing assets before property division

Many couples nationwide, including in Texas, are able to end their marriages in amicable manners. However, the contention that sometimes surrounds the property division process can result in costly and time-consuming litigation. High-net-worth couples who never signed prenuptial agreements sometimes battle over assets for months or even years.

Property division in gray divorce sure to be traumatic experience

Between 1990 and 2010, divorces involving spouses over the age of 50 are said to have doubled. These divorces -- also called gray divorces -- are no longer frowned upon, and many divorced seniors go on to marry again. However, certain aspects that may impact on the post-divorce lives of seniors may need thorough consideration. Property division after 20 or 30 years of marriage will never be an easy task to accomplish.

Property division: Negotiation tricky when divorcing a narcissist

While more and more couples in Texas opt for divorces that will allow them to maintain amicable relationships after the final judgment, this option is not suitable for all. In marriages in which one spouse has been combative, controlling and mostly unrepentant, matters such as property division, child custody and parenting plans often cause so much contention that communication becomes impossible. Dealing with a narcissistic spouse in divorce may require written rather than verbal communication.

Preparing for property division in divorce may be an advantage

Calling an end to a marriage is not something a Texas couple anticipated at the time of the marriage. However, some Texas couples reach stages when divorce becomes their only option. With divorce comes the property division process, and, in the interest of post-divorce financial stability, being prepared may be beneficial.

Mediation provides privacy for property division, child custody

More and more couples nationwide, including in Texas, choose to dissolve their marriages in an amicable way. Prolonged court battles for child custody, property division, alimony and other contentious matters have made way for divorce mediation. Celebrities such as Gwyneth Paltrow, Ben Affleck and Jennifer Garner have spoken about the benefits of mediation as opposed to litigation.

How will property division impact on business interests?

When Texas couples file for divorce, they are sure to encounter many stumbling blocks when important decisions have to be made. After all, choices at this time may impact the post-divorce lives of the parties. One aspect of a divorce that could potentially bring about contention is property division. This becomes even more complicated when one spouse owns -- or is a partner in -- a business enterprise.

Is an inheritance part of community property in a Texas divorce?

When a couple files for a divorce in Texas, they will be subject to the community property laws of the state. All assets gathered during a marriage will be subject to division in an equal manner. Assets that were brought into the marriage by either partner will remain the property of that person. However, when an inheritance forms part of a couple's assets in a divorce, the handling of the money may determine whether it is separate or community property.

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