Division of Property
Division of Real Estate in Divorce
Property division and coming to an agreement during a divorce can be a difficult process, even with the most skilled mediators. Real estate that is acquired during a marriage automatically becomes the property of the other spouse due to Texas’ community property rules, and real estate is one type of property which cannot be easily divided 50-50.
Division of Retirement Funds, Pensions, IRAs, 401(k)s
It is difficult to imagine your marriage in terms of property and assets, rather than in memories and any children, but the division of property is an important part of divorce proceedings. Texas, as a community property state, can sometimes complicate the division of retirement accounts such as IRAs, pensions, and 401(k)s.
Valuation of Business Ownership
Owning your own business is something you should be proud of. It is difficult to get a business off the ground and continue to help it evolve throughout the day-to-day trials and struggles. It is therefore upsetting when you become aware that your business may be subject to an ex-spouse’s oversight if you are in the process of a heated divorce.