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Property Division Archives

How is a couple-owned business treated during divorce?

What's mine is yours. That is what many spouses believe occurs when they marry. While this is very much the case for many married couples in Texas and elsewhere, some spouses decide to take measures to protect certain assets and properties in the event of a divorce. When a spouse or a couple owns and operates a business as a unit, there is a concern regarding the longevity of the business if a divorce occurs.

Property division in divorce isn't always easy to work through

Many aspects of divorce are trying. The process can try your patience, your finances and your sense of peace. For many people, knowing what to expect and being familiar with the ins and outs of divorce might help them to feel less stress and be better prepared.

Ways to work through property division disputes

Let's face it. The end of a marriage is filled with many battles and fights. When couples in Texas and elsewhere decide to dissolve their union, they are likely prepared to deal with additional arguments and drawn out disputes. This is true if the divorcing couple cannot agree on who leave the marriage with what. Property division is a difficult divorce phase to work through, and without the aid of a prenuptial or postnuptial agreement, it can take some time to arrive at a fair or comparable agreement.

How to untangle your debts during dissolution

Whether you are seeking a divorce or your spouse is, it is likely that many issues and concerns are running through your head as you begin the process of filing for dissolution. Your financial well being is likely a top concern, as it may be difficult to picture your post-divorce life without the security of a two-income household. In some cases, divorcing spouses want to ensure they are leaving the marriage with what is theirs, which includes property, assets and debts.

Assistance with the property division process

A divorce can involve a lot of emotions, desire and energy. Divorcing spouses in Texas and elsewhere are concerned about what they will leave the marriage with and if they can maintain ownership of what they believe is rightfully theirs.

How can you get through property division effectively?

Divorce is not something couples look forward to, but when it is the best option for the future spouses will initiate and work through the process. Even when couples have the right frame of mind, dissolution can be complex and could stir up many emotions. It is difficult to transition from a married life to a single one, thus causing some disputes surrounding who gets what. Property division is one of the most contentious divorce issues, whether it is a high asset divorce or not.

Who gets what? Understanding Texas community property laws

One of the frustrating things about a divorce is how hard it can be to accurately predict an outcome. The most hotly contested issues are typically custody of any minor children and the division of assets between spouses. In families with prenuptial agreements, the outcome may be easily predictable. In most other divorces, however, it can be hard for either party to know what to expect throughout the asset division process.

Developing a checklist during marital property division

Even prior to marriage, spouses in Texas and elsewhere accumulate various assets, properties and debts. During marriage, these tend to multiply exponentially, making it difficult to sort through everything during dissolution. When a couple decides to divorce, they are not only making the decision to part ways and end their union, the couple is also making the choice the divvy up their marital property.

When debts become marital property

The end of a marriage is a tricky time for some spouses. Couples not only transition from a married life to a single life, but they also oftentimes go from a two-income lifestyle to a single income. Finances can be a huge issue for divorcing spouses, and ensuring your financial wellbeing post-divorce is an essential task to complete. This means understanding the property division process and how it could impact the settlement reached in your dissolution.

Financial implications during property division in a grey divorce

Whether you have been married for a several months, or several decades, no one gets married with the idea that his or her union will end in divorce. Nonetheless, divorces can happen at any length of marriage, even when a couple is close to retirement age. Thus, based on the age of the spouses, some divorcing couples in Texas and elsewhere have to deal with more complex problems than others.