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Category Archives: Property Division

Divorce3

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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Div9

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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Mortgage

What To Do With Your Mortgage in a Divorce

By Lindamood & Robinson, P.C. |

One of the driving factors behind a married couple opting to get divorced is financial difficulties. A recent survey showed that approximately 35 percent of respondents reported that they were enduring stress in their marital relationships because of money. In respondents between the ages of 44 and 54, the percentage is even higher (44… 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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Division

Married in Another Country Does Not Negate Texas Community Property Presumption

By Lindamood & Robinson, P.C. |

If you and your spouse were married in a different country and you were expecting that country’s laws to supersede Texas law, do not get your hopes up. Under Texas law, all property possessed by either spouse at the time of divorce is presumed to be “community property” (i.e. divided equitably). In 2015, a… Read More »

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divorceplan

Asset Division and Protection in Trust

By Lindamood & Robinson, P.C. |

When divorce proceedings begin, each couple must evaluate what assets and property are includable to be divided, as well as whether it is considered community property or separate property. In a separate post, we explained the differences between separate and community property based on state law. Since Texas is a community property state, the… Read More »

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