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High Asset Divorce Archives

Women's finances after divorce

When Texas couples divorce, both can expect to experience changes in their financial situation. In some cases, these changes are temporary, although there are some situations in which one or both parties will have to make long-term adjustments to their budgets. Women are often the ones who have to do so.

Protecting a business with a prenuptial agreement

For many Texas residents, owning their own business may be a dream come true, especially if it turns out to be successful. However, if the business was started before a marriage, what was once sole property could become a shared marital asset. To ensure that the person who started the business maintains ownership of it in the event of a divorce, it is recommended that he or she sign a prenuptial agreement.

Planning for a post-divorce retirement

When Texas couples decide to get divorced, one of the first questions they must tackle is property division. Shared property might include family homes, investments and other assets they have acquired during their marriage. The division process may involve negotiating retirement plans and other investments the couple made while they were married.

The financial aspects of blended families

Texas family structures are adjusting to new lifestyles and socioeconomic trends. The concept of the nuclear family is giving way to blended families formed by new dynamics of marriage, divorce and remarriage. Blended families feature stepparents, stepchildren and step-siblings due to circumstances such as divorce and custody agreements.

Retrial set in Texas divorce case

An appeals court in Texas has ordered a retrial for the owner of World Environmental and partly reversed the decision of a lower court in a case involving payments the owner owes to his ex-wife. Originally, his former spouse was awarded $361,040 in damages, $25,000 in attorney's fees, and $2,500 related to the abuse of the evidentiary discovery process. The court found that he had failed in his fiduciary duties toward his ex-wife and that he was in breach of contract.

Divorce does not have to ruin finances

As many Texas residents have found, one of the major conflicts that can arise in a divorce negotiation is the fight over a couple's assets. It can become so complicated that it can lead to the destruction of the financial health of both parties since it can be drawn-out and costly. However, it does not have to be this way.

Points to consider before getting a divorce

A spouse in Texas who is considering a divorce may want to ask themselves a number of questions before starting the separation process. The answers might persuade them to remain in the marriage, but even if they do not, these points can give the person a clearer idea of how to move forward with the divorce.

Dividing retirement accounts and the QDRO

Since Texas is a community property state, a retirement account might be divided 50/50 during a divorce. However, a qualified domestic relations order may be a necessary document for this division. While a QDRO and the division of retirement accounts can be complex and costly, a QDRO may also help facilitate the speedy transfer of funds. People might want to work with a certified divorce financial analyst in order to make sure that they understand the terms of the QDRO and that they can use the division of funds to their best advantage.