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Posts tagged "marital property"

Why getting a prenuptial agreement will protect your assets

Getting a divorce is never easy, but when it is a high net worth divorce, it can be especially difficult. High asset divorces involve disputes about the division of assets, child support and alimony and spousal support that may not always end with all parties receiving what they wanted. Even though these types of divorces lead to multiple disputes, these disagreements can easily be avoided if the necessary steps are taken prior to the two people entering the marriage.

Eva Mendes claims to know the real reason for divorce in America

Couples everywhere have heard the jarring news reports related to divorce rates across the country. Some are even in the midst of their own divorce, or contemplating one in their near future. There are many reasons couples today choose to divorce. Sometimes, financial decisions and money have a lot to do with the arguments between two people. However, Eva Mendes claims to know the real reason for divorce in America.

Transferring assets in a Texas divorce, a taxable event?

High asset divorces are certainly subject to many questions concerning how much property from a divorcing couple's financial portfolio will be divided. Assets can range from pensions, stock options, real estate and even art. You can bet that these are all considered into the equation when totaling marital property. But what asset transfers during property division decisions can be subject to taxes? This is an important question to ask when you are interested in protecting your assets in a divorce.

Tips for dividing marital property in a high asset divorce

Let's say you and your spouse both have worked hard in your careers to get where you are today. This may mean stock options, property or large retirement funds to name a few assets you may own together. But what if "together" isn't in the cards for you anymore? You will likely have questions about what will happen to your assets if you and your spouse were to separate in what would be known as a high asset divorce.

Why uncontested divorces still require the help of a lawyer

In the world of marital separation and divorce, uncontested divorce is a phrase that is tossed around a lot. Many seek out this type of divorce for the said small financial costs. However, these divorces still may require the aid and expertise of an experienced lawyer.

Hamm contends drop in oil prices means less alimony owed

There has been extensive media coverage of oil tycoon Harold Hamm and his now ex-wife and their divorce proceedings. This includes the publicized details of their personal and business finances. Harold Hamm is the owner and CEO of his oil-based company, Continental Resources, Inc. The original divorce decree stated that Hamm owed his ex-wife a significant portion of alimony after 25 years of marriage.

What are some things I can include in a prenuptial agreement?

While most people in the Sugar Land area have heard of prenuptial agreements, not everyone is aware of the type of provisions that a prenuptial agreement can include. When many people think of prenuptial agreements they think of one spouse trying to hold on to their money or assets in case of a divorce. However, many different types of provisions can be set forth in a prenuptial agreement. Many would be surprised to know that some of these provisions can apply whether the couples is concerned about a high asset divorce or even certain aspects of the marriage.

Tips for getting the most out of a high asset divorce

Some divorces are extraordinary in the complexity of the financial portfolio involved and the sheer value of assets a divorcing couple has accumulated over the years. To complicate it further, a stake in a business could be involved or assets that one spouse accumulated before the marriage. There are some special things that divorcing couples in Texas should consider when divvying marital property in a high net worth divorce.

Could a more expensive wedding mean a more likely divorce?

As divorce rates continue to climb, many have been studying what could possibly cause the once happy marriages to dissolve. A recent study polled thousands of Americans married in 2008 or later. What the researchers discovered could be particularly worrisome for couples who spent a large amount of money on their wedding and marriage expenses. The study showed that marriage duration is inversely associated with spending on the engagement ring and wedding.

How do I divide art in a Texas divorce?

Divorces can be complicated and can cause confusion. There is light at the end of the tunnel. It's simply a matter of how you approach the division of assets during the divorce. For couple's with a high net worth, art can be an investment that is heavily sought after by either party. There are a few things to keep in mind when dividing art as part of the divorce proceedings.

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Law Office of Michael D. Tracton, P.C.

12920 Dairy Ashford Road
Suite 140
Sugar Land, TX 77478

Phone: 281-201-1481
Fax: 281-242-2325
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