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Category Archives: Property Division

Tips

Six Tips For Reaching A Property Settlement In A Divorce In Texas

By Lindamood & Robinson, P.C. |

Property division can be a highly contentious issue in a divorce. If litigation is required, a court will split a couple’s marital property under our state’s community property statute (Texas Family Code §  3.002). Though, as litigation can be time-consuming and costly, most divorcing couples strongly prefer to reach their own settlement. A settlement… Read More »

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Answering Six Frequently Asked Questions About Property Division In Texas

By Lindamood & Robinson, P.C. |

For divorcing couples in Texas, dividing property and assets can be challenging. It is not uncommon for property division to be the single most contentious issue in a marital separation. If you are preparing for a divorce, it is imperative that you know your rights and responsibilities under Texas law.  Here, our Galveston County… Read More »

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Top Five Property Division Factors in Texas

By Lindamood & Robinson, P.C. |

The Lone Star State is a community property jurisdiction. But in Texas, the 50-50 community property split is only a presumption. Instead, state law requires that the marital estate, including both debts and assets, be distributed in a “just and right” matter. So, in many respects, Texas is more like one of the many… Read More »

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Can Your Spouse Take Half of Your Trust Fund?

By Lindamood & Robinson, P.C. |

Going through a divorce is never an easy process, but if you have an inheritance or trust fund, you may be worried if it will be subject to division during your divorce settlement. While each situation is different, there are a few rules that might help you determine if your trust fund or inheritance… Read More »

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HiddenAssets

My Spouse Is Hiding Assets. How Will That Affect My Divorce Settlement?

By Lindamood & Robinson, P.C. |

During divorce proceedings it is important to obtain an accurate valuation of all marital assets and property so that a fair property settlement can be made. Unfortunately, in some divorce cases, particularly those that involve complex or high-stakes marital estates, one of the spouses may believe that the other is hiding assets to shortchange… Read More »

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CreditCardFraud

How to Manage Maxed Out Credit Cards in a Divorce

By Lindamood & Robinson, P.C. |

In 2016, the average amount of credit card debt carried by each household in the United States was approximately $16,883, according to Nerdwallet. This means many couples going through a divorce are going to have to address the important issue of how to divide their debt obligations.  Community Property Standard Typically Means Equitable Division… Read More »

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Understanding How Divorce Affects Your Retirement Assets

By Lindamood & Robinson, P.C. |

Many people who get divorced would prefer to put the entire episode behind them and start anew. A divorce does indeed represent a new beginning, but there are certain aspects of your life where you may always be reminded of the divorce. One of those aspects is your finances. There is an expectation that… Read More »

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Pet

Fighting Over Your Furry Friend in Divorce

By Lindamood & Robinson, P.C. |

Most people associate bitter custody disputes and arguments over which parent will be awarded full custody of a child, or children. However, in some cases, divorcing couples will get into similarly heated arguments over custody of a pet such as a dog, cat, turtle, etc. This is understandable since, to many people, pets are… Read More »

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Marriage3

Are Wedding and Engagement Rings Marital Property?

By Lindamood & Robinson, P.C. |

According to WeddingWire, the average cost of an engagement ring is over $4,700. They determined this amount after analyzing the cost of engagement rings for 6,000 couples, according to Bustle.com. According to an Emory University study, the larger the amount spent on an engagement ring is actually associated with a higher divorce rate. The… Read More »

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HiddenAssets

Uncovering Hidden Assets in Texas Divorce Cases

By Lindamood & Robinson, P.C. |

An accurate valuation of marital property (both assets and liabilities) is critical to ensure an equitable property settlement is reached in your divorce. Unfortunately, it is quite common to discover that a spouse has attempted to hide assets to shortchange you in the property division process.  Why People Try to Hide Assets A common… Read More »

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