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How to fairly split unusual assets during a divorce

Divorce is a complicated process. You and your former spouse are likely to disagree about what constitutes a fair division of assets. The higher your family's overall assets, the more likely it is that you will encounter some issues with unusual assets. Non-financial and non-traditional assets can complicate a divorce. In order to obtain a fair settlement and division of assets, you need to be able to put a reasonable and verifiable value on assets that could include things like sports memorabilia, fine art, real estate investments and even antiques. Doing so can be prove to be difficult on your own.

Working with an experienced Texas divorce attorney can help with this process. An attorney who knows Texas divorce and family law will understand how property is divided in Texas. An experienced attorney who has worked previous high asset divorces will also be able to help you connect with professionals that can place reasonable and accurate values on assets of all kinds. Additionally, a lawyer can help you determine if your former spouse is attempting to hide assets. The greater your overall marital assets, the more likely it is that one spouse may try to hide some assets from the courts.

Understanding community property laws in Texas

Part of divorcing includes splitting up marital property. You and your husband will have to divide the house, the bank accounts, the investment accounts and vacation property, and even your retirement accounts. While most states practice equitable distribution, Texas still adheres to the principles of community property. This means that, in general, the court will divide all marital property equally between the two of you.

Understanding how Texas courts divide marital property will help you determine the best course for your divorce settlement. An experienced attorney in the Pearland area can help you negotiate a divorce settlement that is fair and beneficial to you. Read further for an overview of Texas community property laws.

Saving your business while surviving divorce

You and your husband spent years building not only a family together, but a business as well. Now that divorce is looming on the horizon, you are worried about what will happen to the business that you worked so hard to create and make profitable. You are not alone with your concerns. Studies have shown that many small businesses fail because of divorce.

Fortunately, there are steps you can take to help your business survive your divorce. An experienced family law attorney in the Pearland area can review your situation and provide viable options for your divorce settlement. Read further for some tips on protecting your business during divorce.

5 things to know about hidden assets in a divorce

The property division process of a divorce is one of the most contentious ones that most people will deal with. In high-asset divorces, especially those that are already tense, hidden assets are a real concern. If you walked out on your husband and filed for a divorce, it is imperative that you take the time to find out if there are any hidden assets.

Parental abduction: What you need to know

Your ex-husband picked up your daughter on Friday. Your custody agreement states that he gets her every other weekend. Usually, he brings her back on Sunday evening, but he called last night and said he would like to keep her one more night and he would take her to school on Monday. The request was not typical, but after you spoke with your daughter, you agreed to the extra night.

You waited outside for the bus to drop her off after school, but when it stopped to let the other kids out, your daughter was not among them. You immediately called your ex, but he did not answer. You drove to his house and saw that no one was home.

3 points fathers should know about parental alienation

You know that you and your kids had a good relationship before the divorce. Now that they are with their mother most of the time, they have been acting strangely with you. They might seem like they are upset with you or you might find out that they said they don't want to spend time with you. There is a chance that parental alienation might be the cause of the behavioral changes. If you think this is the case, you should learn about the legal options available to make that stop so you can work on cultivating a good relationship with your children again.

5 tips for battling through a high-conflict custody case

Think there was a lot of conflict before you and your spouse decided to split up? According to the American Bar Association, 10 percent of divorce cases dissolve into high-conflict child custody battles. These can lead to accusations of parental alienation and parents ignoring direct court orders.

So, what can you do when neither of you wishes to give any ground and the fighting over the children is reaching an all-time high? Here are five tips that may help.

When divorce means splitting the business: What you need to know

Divorce is a trying time. Emotions and stress levels are high. Everything from the family home to custody of the kids is up in the air. If you and your spouse are co-owners of a business, it can be even more difficult.

What happens when both of you decide you'd like to be bought out of your share, or both of you want to remain involved with the company? Even in a best-case scenario, where you can agree on how to settle it, getting it from agreement to actuality can take some doing.

When Child Custody Disputes Go Too Far

Child custody cases can become extremely contentious. They can quickly escalate into situations involving parental alienation. This is when one parent attempts to pit the child against the other parent. In the most extreme cases, one parent may go so far as to kidnap their own child, which can have serious consequences and can present major challenges for the other parent.

What Baby Boomers Need To Know About Divorce

Divorce, in general, is not a new concept. Divorce on a grand scale among people over the age of 50, however, is. The phenomenon is called "gray divorce," and it is on the rise. Sociologists from Bowling Green State University say the reason this is happening is two-fold. People are living longer than ever now, and they simply grow apart. Furthermore, women are more capable of surviving financially on their own now, which could account for the more than half of all divorces being initiated by women.

Board Certified | Texas Board of Legal Specialization | Family Law

John Powell, III is Board Certified in Family Law ~ Texas Board of Legal Specialization

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