When you go through a divorce, dividing retirement accounts can become complex. Whether you or your spouse have savings in 401(k)s, pensions, or IRAs, understanding how these funds divide is essential for ensuring a fair financial settlement. How are retirement...
When a high-asset divorce involves a business, things can get complicated fast. You might be wondering who gets what and how Texas law looks at companies during a split. If one or both spouses own a business, it can be one of the most valuable things on the table....
A qualified domestic relations order (QDRO) is sometimes used in divorce cases. Specifically, this court order can be used to address retirement benefits. For example, perhaps you and your ex were both planning to retire on a pension that they have been earning...
If you or your spouse contributed to a retirement account during your marriage, the portion contributed within that period is among the marital assets subject to division during divorce in Texas. As a community property state, you and your spouses jointly own any...
A high-asset divorce is already complicated because you must divide significantly valued property. Unfortunately, owning certain assets can add another layer of complexity. When preparing for a high-asset divorce, knowing what can make matters more complicated can...
The divorce process involves navigating several complicated factors. Few areas of divorce are more complex than property division, particularly when there are assets of high value. Texas is a community property state. Essentially, this means that property acquired...
When a marriage ends, the financial ties that once bound two people together can become a complex web of debt, credit and financial obligations. Unfortunately, this often results in individuals emerging from a divorce with a damaged credit score, making it harder to...
Many families think it is obvious who should keep their dog or cat in a divorce. Some people would think that the person who cares for the pet more and provides for their basic needs would keep their pet. Others would believe that the person who bought the pet would...
Dividing high-value assets during a divorce requires careful planning and strategic decision-making. Texas is a community property state, which means courts usually split assets acquired during the marriage evenly. Challenges can arise when dividing valuable assets...
Business owners are sometimes married couples, often because it’s very convenient for them to start a business together. They already have a close relationship and many small businesses are owned by married couples who utilize a business as their main source of...