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October 2015 Archives

Accepting responsibility can improve property division outcome

The end of a marriage can be a very emotional time, especially in cases in which one spouse feels that he or she has been wronged by the other. When emotions run high, it is not uncommon for a spouse to make every effort to feel vindicated by the property division outcome of a divorce. This urge to "punish" a former partner for perceived wrongdoing can be strong, and it can derail a Texas divorce case.

Protecting against financial fraud within divorce

Achieving a fair distribution of marital assets is a primary focus within most Texas divorce cases. For most couples, this is an easily attainable goal, and spouses negotiate a division of wealth that suits the needs of both parties. For some, however, dividing marital wealth will pose a significant challenge within divorce, and it may be complicated by the efforts of one party to hide assets from the other.

Take control over personal finances during divorce

The end of a marriage marks a significant transition in the lives of Texas spouses. Disentangling two lives can be a challenge, especially when it comes to financial matters. Many spouses are fearful about their ability to maintain a high standard of living in the aftermath of a divorce, and are uncertain about how the process might affect their financial standing. The best way to tackle those fears is to take a proactive approach to personal financial management.

Trusts can provide protection during property division

When a loved one leaves behind an inheritance, the intention is usually to provide the heir with a degree of financial security. Regardless of the size of an inheritance, no one wants to imagine their heir losing a significant portion of that windfall due to legal troubles. However, without the proper degree of protection, that is a real possibility. One of the most common ways that an inheritance can be threatened is through the property division portion of a Texas divorce.