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Posts tagged "marital property"

Protecting property during a divorce

Some residents of Texas may be interested to learn of a recent article discussing the advantages of preparing some aspects of a divorce ahead of time. More than 800,000 divorces are started every year in the United States, and one of the most difficult issues to decide is almost always asset division. Complex divorce cases often involve a prolonged series of asset valuations and reviews of property interests, in which one or both parties may find themselves being marginalized. In order to facilitate such procedures and perhaps prevent such animosity, the author presents five recommendations for possible courses of action to take before a divorce begins.

Carnegie Deli owner Marian Levine files for divorce

The female owner of Carnegie Deli, a well-known eatery in New York City, has recently filed for divorce from her husband. The couple has been married for 22 years. She has filed for divorce because of an affair that he carried on with a former Carnegie waitress for years.

Division of marital assets during a divorce

When someone goes through the break-up of a marriage in Texas, they transition out of one part of their life into a new season. Dealing with the division of financial assets and liabilities takes time to negotiate, but divorce can be a positive change once some of these hurdles are overcome.

Dividing up real property in a divorce

Couples in Texas getting a divorce might want to ensure that they define the terms of their divorce settlements completely and clearly. In particular, the ownership of a couple's home and the responsibility for making payments on underlying mortgage debt needs to be completely addressed.

How to approach asset division

One of the biggest sources of concern for Texas residents who divorce is how their finances will be affected. In addition to having to rely on one income to pay for bills, people end up having to split up all marital property, including bank accounts, automobiles and investments. Over the course of a marriage, couples will often have accumulated a number of valuable assets, and these items will need to be given a value and divided during a divorce.

Divorcing spouses benefit from impartiality

Many Texas citizens will undergo a divorce at some point in their lives; 82,000 were registered statewide in 2010 alone. A great deal of confusion and uncertainty surrounds legal separation, and achieving a cordial resolution to the many facets of marital conflict is a seemingly insurmountable obstacle for many. A post-divorce coach detailed how she resolved these issues in her own divorce, which may prove insightful for anyone contemplating a divorce in the future.

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