It is possible that proceeds inside of a retirement account will need to be divided in a divorce. Therefore, it is important for an individual to understand asset division rules regardless of whether that person will benefit from the transaction. In Texas, assets are considered community property, which means that they will generally be split 50/50. However, other factors could determine how assets, such as retirements accounts, may be allocated in a final settlement.
Divorce can mean that some people in Texas have significant assets to split, such as annuities, securities, retirement accounts and more. It is important to understand the rules associated with dividing these accounts in a divorce and how to avoid or minimize taxes and penalties.
Initiating a divorce in Texas is a huge decision. Some feel that it would be easier if there was one major sign that indicated separation is the best option. However, things are usually much more complicated. There are usually several factors that drive marriage mates apart.
Divorcing Texan couples may need some help along the way with decision-making and working through arguments. This could be where a divorce mediator comes in handy. They can provide guidance and work as a referee of sorts as couples sort out their issues.
Texan residents who are going through a divorce have a lot of hurdles to jump. As a couple with high assets, you will have your own unique battles to face. We at the Law Office of Roland R. Esparza, PC, are here to help you work through these issues with some suggestions on how to handle high asset divorces.
As part of a divorcing couple in San Antonio, you have a lot of hurdles to clear, and much of it will revolve around finances and the assets you hold. The Law Office of Roland R. Esparza, P.C., is here to help if you find yourself in a situation where you believe your spouse is hiding some of their assets.
If you live in Texas and you and your spouse have serious marital difficulties but do not want to divorce, you may wonder if you can get a legal separation instead. Many states have statutory provisions for legal separations, but as WomansDivorce.com explains, Texas, unfortunately, is not one of those states.
The holidays can be a stressful time for most families. Not only do you have to get your Christmas shopping done and deal with the crowds, you might also be feeling the pinch in your wallet and a touch of impatience with your family members. This can be especially true if you and your spouse have not been getting along. If you are considering a divorce, you are not alone. Many people in Texas and elsewhere decide to call their marriage quits soon after the holiday season.
For most people in Texas, the paperwork required for a divorce can be filed easily in the state where they live. However, when the divorcing couple is in the military, the situation can be more complicated. At the Law Office of Roland R. Esparza, PC, we often help clients in the military file for divorce.
Couples who file for legal separation or choose to terminate their marriage in Texas must deal with a myriad of issues before signing the final divorce settlement. One of the most challenging may be that of separating property that was accumulated during years of marriage. People may get attached to certain items and it can be emotional when it comes time to divide property, vehicles, furniture and possessions.