Divorce is difficult. It will try your mind and emotions like no other event in your life. The emotions are raw and difficult to control. But when it comes down to it, you have material assets at stake that you must dedicate your time and attention to. No matter how much you may be going through internally, you should never forget what you have to lose externally, our Cedar Park property division attorney can help you understand where you are standing.
A whole variety of things can affect property division in divorce. Here are just a few of the factors that a judge may consider when deciding:
Ability to pay
If you are struggling to pay the rent and to make ends meet, the court is unlikely to do anything that will add to that burden. However, if you have a high-paying job and have put most of your assets in your name, then the court is more likely to move some of them over to your soon to be ex.
Children
The division of assets is usually linked to custody. If you are the custodial parent, you are likely to get a greater share of the marital assets to support your child. If you are the non-custodial parent with a substantial income, the court will be more inclined to give your ex-significant portions of your money and assets.
Length of marriage
The longer the marriage the more evenly the assets will be divided, regardless of how much or how little your ex worked. In the eyes of the court, you built a home and life together and your ex is entitled to maintain a certain standard of living. They may even get a greater share of the assets if you have children who have not yet left home.
Even the most amicable and civil divorce will have its moments of tension. The best you can do during this time is to ensure that you know your rights and that you take steps to protect them. The Jackson Firm can help you get through your divorce with your sanity and at least some of your accumulated wealth intact.
One of the things that the attorneys at The Jackson Firm will advise you to do is pursue an uncontested divorce. This is a proceeding in which both parties have decided to keep the case out of court. An uncontested divorce does not mean you and your spouse will agree on everything, but it will allow you to avoid the expense of a trial and to make decisions that take into account the particulars of your life.
A judge will never know you. They will only know what they see on paper. In an uncontested divorce, the lawyers of the Jackson Firm can work with your ex’s legal team to work out an agreement that both of you can live with. You can sort out parenting time and schedules, a reasonable division of the assets, and the working relationship that the two of you want as parents of your children. This can be a much more constructive way of managing the divorce process.
While every divorce is somewhat complicated, some divorces are far more complicated than others. Complicating factors often include high assets – or otherwise-complex assets – joint ownership of a business, a hotly contested issue, failure to file requisite divorce paperwork, and finally, failure to work closely with an experienced Round Rock divorce attorney. High-Asset Divorce […]
In recent times, many of us are hunkered down in our homes with our families. This can be a difficult time to face challenges in your marriage, as you might be spending all day, every day at home with your spouse. If you have been considering a possible divorce, there are steps you can take […]
