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Posts tagged "High Asset Divorce"

Separate versus community property: Home may spark conflict

One of the most difficult decisions to make when going through a divorce in Texas is what to do about the marital home. After all, the home is often the most valuable asset in a divorce as the parties sort through what is separate versus community property. In some cases, fighting to keep and stay in the home may make the most sense.

Splitting assets such as retirement accounts can get dicey

Staying married to the same person long term sometimes is impossible due to irreconcilable differences. However, getting through a divorce can sometimes feel like an impossible feat at the start as well. A couple of tips may help individuals in Texas who are dealing with divorce issues, such as the division of money in retirement accounts, to navigate the process effectively.

Dividing assets, like retirement accounts, may be unavoidable

Many couples in Texas and elsewhere are struggling with their marriages but are simultaneously trying to make their marriages work. However, in some cases, divorce is inevitable, in which case, spouses must tackle issues such as the division of retirement accounts and other assets. Here are a few signs that getting divorced is a smart move.

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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