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Tag Archives: Texas Property Distribution

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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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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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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How Divorce Affects Retirement and Investment Accounts

By Lindamood & Robinson, P.C. |

When you get divorced, it important to understand that Texas is a community property state. Community property is a legal term that basically means a court will consider all property acquired during the course of your marriage as community property. That means your spouse will likely be entitled to a portion of your assets,… Read More »

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