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Ensuring an equitable division of assets in Texas divorces

Tuesday, December 12, 2017

Before a Texas couple decides to divorce, oftentimes one of the spouses handles most if not all of the financial matters of the household. A married couple may share a bank account, but sometimes one person ends up paying the bills and balancing the checkbook, while the other person doesn't even see his or her paycheck because it's electronically deposited. Groceries and other household items are purchased, but the individual purchaser may not ever see the calculated effects on the couple's joint bank account; the other spouse handles all of that.

Meanwhile, life moves along smoothly enough, and then gradually there's trouble in the relationship, then divorce. It happens all-too-often that after a separation, one former spouse is at a serious loss as to how to manage finances.

Sometimes, if skilled legal services aren't provided during and after the separation, one person makes out with an undue amount of assets, while the other is left standing empty-handed. There may be savings or stocks or other assets that ought to be divided evenly, but if one person is unaware of them, then he or she may eventually realize that a lot of dividable assets slipped away.

Additionally, a spouse could be owed child support payments, and if he or she isn't adequately guided through the divorce negotiations with a view toward an equitable division of property, then it's possible that even child support payments won't be enough to help make ends meet.

Residents in the El Paso area who are considering divorce, and who find the situation described here familiar, may want to consult with an experienced and sympathetic professional who focuses on family law. Consulting with such an attorney can help ensure that an equitable resolution is reached for all parties involved.

Source: Huffington Post, "How Many Divorcees Does It Take To Change A Lightbulb?," Mara Shapsay, Jan. 17, 2012

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