Category Archives: Property Division
The Role of Professional Licenses in Divorce
Professional licensing in Texas might create some opportunities not enjoyed in many other states. This generally bodes well if you are an architect, chiropractor, dentist, medical doctor, engineer, lawyer, insurance agent, realtor or other type of licensed practitioner, this license will add certain unique elements to a divorce. Some of the most common concerns… Read More »
Asset protection during the divorce process
It is not uncommon for a person to be worried about what will happen to one’s assets during divorce. Some people are afraid they will lose everything to their former spouse, thus leaving them in a difficult position. As a result, they opt to stick with the marriage because they don’t know what the… Read More »
What happens to credit card debt if you go through divorce?
During your marriage, you will accumulate assets with your partner. At the same time, you may also accumulate debt. For some couples, there is more debt than assets. If you decide to move forward with divorce, it won’t be long before you consider the property division process. While your assets are split among both… Read More »
The division of community property, liabilities
Do you live in the state of Texas? Are you going through a divorce? If so, you realize that there will be many challenges, some of which are based on questions regarding property division. In addition to community property, the court is responsible for dividing liabilities among both parties. For this reason, you should… Read More »
What happens to retirement accounts in divorce?
As you go through a divorce, you will be concerned about what will happen to each and every asset. While many people pay most attention to the family home and bank accounts, there is something else to keep in mind: retirement accounts. Generally speaking, retirement funds are treated as marital property for the purpose… Read More »
Artists, art assets, and the divorce process
Artists don’t often look at their work as property. Instead, they consider this a labor of love. It is something they do because they enjoy showing off their creativity. But here is something to consider: Art assets are often taken into consideration during the divorce process. It is easy for artists to consider their… Read More »
The complexities of property division in divorce
When you go through divorce, it’s not just your emotions that get tied up in knots. You will also face many challenges associated with the property division process. As somebody in this position, it is important to understand how the process will unwind, including the fact that the word “equitable” and “equal” are not… Read More »
Big questions to ask when going through a divorce
There are some huge questions that have to be asked when you’re going through a divorce and splitting up property. Some may seem rather basic, but it’s important not to overlook the essentials. Below are a handful of the most crucial questions. 1. Is the marriage itself legal and valid? 2. Do you know… Read More »
Do you understand a qualified domestic relations order?
A qualified domestic relation order, also known as a QDRO, is an order created by the court to divide retirement benefits. If you never go through the divorce process, this is not something you will have to deal with. However, if you find yourself splitting from your spouse, it could very well come to… Read More »
How can you avoid debt after divorce?
Going through divorce is scary on many levels. For many, the fear of the unknown is worse than everything else. There are steps you can take to avoid debt and other financial concerns after divorce. You may not know what you are doing, but taking one step at a time will keep you on… Read More »
