How Property Division Figures Into The Equation Of Divorce
Every divorce attorney claims to be well-versed in issues surrounding property division in divorce. However, few have the qualifications that Brian D. Williams has, with an academic background in accounting and economics and professional experience as an accountant. He brings a meticulous, in-depth and rational approach to the process of dividing assets accumulated during a marriage, including:
- Cash accounts
- Investment accounts
- Retirement assets
- Real estate
- The marital home
- Other real estate such as a vacation home or property, a business property or investment property
- Time shares
- Household goods
- Sports equipment, tools and other high-dollar items typically found in a garage or shed
- Collectibles, artwork and other valuables
He is careful to consider the possibility that the spouse of a client may have hidden assets. He has experience bringing those hidden assets to light and making them part of a divorce.
Questions To Resolve
Determining all the assets and their value can take time. Then comes the process of answering questions such as:
- Should one spouse keep the marital home or will it be necessary or advisable to sell it as part of property division?
- How will retirement accounts be divided, especially if each spouse has retirement accounts?
- Is there a special-needs child in the marriage and if so, how will assets be set aside to account for his or her future needs?
- If a bankruptcy is pending, when should it ideally take place and should just one spouse or both file bankruptcy?
- If bankruptcy has already occurred, affecting spouses' credit, what impact will this have on property division?
Divorce attorney Brian D. Williams is well-prepared to help you address these and other difficult issues thoroughly and fairly.
Trade-Offs And Property Division
Parents are often concerned about other costs associated with raising children that the state child support formula does not take into account. College tuition normally kicks in after a child has reached the age of majority and is not part of a child support order. A gifted child or teen may need music lessons or skating lessons to develop his or her talent. Braces, summer camps, sports camps and extracurricular activity expenses are all areas where parents often seek advocacy during a divorce or separation. These issues may figure into property division settlement negotiations. Trade-offs are a common way of addressing financial issues concerning children that are not accounted for in a child support order. An example of a trade-off may involve special agreements not to divide certain assets like the marital home or retirement assets to account for expected liabilities pertaining to the lifelong needs of a disabled child.
Get A Personalized Review Of Anticipated Property Division Issues In Your Texas Divorce
Schedule a consultation with Brian D. Williams in Spring by calling 832-717-0678 or sending an email inquiry.