Although a final divorce decree is supposed to “split” the property once and for all that is not always the case. There are a variety of reasons why a couple may find themselves dealing with property issues months or years after the final decree has been signed. Here are some of the most common: Retirement assets (401K, private and governmental retirement benefits and … [Read more...] about Dealing With Financial Issues Long After the Divorce is Final?
Texas community property
It is easy to focus on just one piece of the puzzle, such as who will get the house or who will have to pay a particular bill. Don’t do this. It is important to look at the entire picture. It may be better to let your spouse have the house if you really will not be able to afford to stay there. Even if you want to keep the house for the sake of your children, you don’t want them to feel the … [Read more...] about Pitfalls to Avoid When Splitting Assets in a Divorce
What if you should have gotten a Premarital Agreement but didn’t do it prior to marriage? Don’t despair, there are specific legal documents which can be drafted and executed that will divide a married couple’s assets and debts into “his” and “hers”. These legal agreements may be called “Postmarital Agreements”, “Postnuptial Agreements”, “Partitioning Agreements”, or … [Read more...] about Separating Your Marital Debts and Assets by an Agreement With Your Spouse
Premarital agreements are also called Prenuptial Agreements, or “Prenups”. Most couples who decide on a premarital agreement do so for one or more of the following reasons; a) there is a disparity in their assets; b) there is a disparity in the amount of debts owed; c) they want to preserve all or a portion of the premarital assets for their already existing children; and/or d) to meet … [Read more...] about Do YOU Need a Premarital Agreement?