As a female entrepreneur in Texas, you know that planning means everything when it comes to success. Although going through a divorce may not have been in your life plans, you need to address it head-on. Here are some helpful tips to ensure that you leave your divorce...
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How do you split large assets during divorce?
Asset division is one of the most challenging parts of a divorce in Texas. You can't literally divide your house and furniture in half, but you have to figure out how to evenly split your assets. Fortunately, you can exchange cash and properties for other assets. How...
Division of retirement assets during divorce
Property division is a necessary part of divorce for Texas couples. One tricky part of property division is in the split of your retirement assets. The division of these assets leads to changes in your taxes, so you might have difficult decisions to make. 401(k)s The...
QDRO required for division of private retirement plans in divorce
When people go through a divorce after working for years, there may be retirement accounts that must be divided. These accounts are often overlooked because retirement is not on the minds of the couples while they're divorcing. In Texas, the courts use a special type...
Can past tax returns aid in uncovering hidden assets?
Whether you are in your first marriage, second marriage or you are facing a grey divorce, you will likely struggle with the division of assets and debts. Depending on the amount and type of assets, negotiating a proper split can quickly become a complicated matter....
What’s the difference between community and separate property?
The details and legalities of divorce can be overwhelming, no doubt. But understanding how property division works in Texas can help ease the process. You might want to leave all the legal guidance up to the judge or attorney of your case. However, knowing the basics...
How is property divided in a Texas divorce?
Divorcing couples are likely to have many questions about asset division. Handled on the state level, courts will generally use one of two legal precedents for asset division: equitable distribution or community property. Texas is one of nine states that still use...
Divorcing a spouse’s debt not always easy in Texas
Texas is a “community property” state. Almost all money you make or wealth you create during your marriage belongs to the marriage, not to you. Also, any debt you or your go into during the marriage is generally also the marriage’s community debt. In a Texas divorce,...
Dividing up the 401k during divorce proceedings
Many of those entering into their divorce proceedings in Houston do not anticipate having to include their 401k accounts as part of the process. Yet contributions made to such an account during one’s marriage come from marital income; thus, while the total value...
Is divorce financially harder on women than men?
If you are a married woman in Texas who is contemplating a divorce or who maybe is already in the throes of a divorce, it is important that you fully understand the potential financial risks you face for your future. Every decision you make during your divorce...
