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401k
Many Texas women enter a divorce believing their spouse is no longer entitled to pensions, Social Security benefits and retirement savings such as 401(k), life insurance policies and other ERISA benefits once the divorce is finalized. They, or their beneficiaries, often find out later this is not the case because simply divorcing someone does not...
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Retirement benefits such as 401(k) plans are, in most cases, considered marital property to be divided during a divorce. There are many factors that can influence the division of a 401(k), and the legal process is important for Texas residents undergoing a divorce to understand. If division of a retirement plan is handled correctly, there...
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In our prior post, we discussed the importance of documentation in the determination of a martial estate for the purposes of property division during a divorce. Understanding what assets are included isn’t the only part of the process. The other side of determining the marital estate is to understand the assets themselves. What we mean...
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During a divorce in Texas, the couple’s assets must be divided. Those that are determined to be separate property of one spouse will go with that spouse, but what about the community property acquired during the marriage? A big step in the process of dividing assets is determining value, but current monetary or market value...
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