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High Asset Divorce Archives

Settlement agreement can cover retirement accounts, other assets

Negotiating with a future ex-spouse on a settlement agreement in Texas may seem like an arduous mountain hike. However, the process does not have to be difficult. A couple of tips may help with negotiating divorce settlements, especially when dealing with retirement accounts or other potentially high-value assets.

Child custody, splitting of retirement accounts can be complex

With the holidays soon in the rearview mirror, some couples in Texas are ready to zoom ahead to divorce court. In fact, the first Monday in the month of January is often known as Divorce Day in the legal world. A few tips may help those going through divorce to be prepared for the multifaceted process, which may range from dividing retirement accounts to deciding about child custody.

Update beneficiary designation on retirement accounts

People experience many changes in their lives as they grow and mature. Often, there are marriages and children and plans for the future, but there could also be divorce and remarriage. A change in marital status can have a huge impact on a person's life. While many remember to update essential documents such as wills after a divorce, they forget about retirement accounts and what will happen in the event of their death. In Texas and many other states, retirement accounts are not considered part of an estate and may not be included in the provisions of a will.

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