Prolonged division of assets during divorce leads to high risk

On behalf of Loughmiller Higgins, Attorneys at Law posted in Divorce on Wednesday, September 4, 2013.

Many people in Texas that have been through a divorce know that it can be one of the most difficult ordeals an individual can go through. Often, such a process is intensely emotional for all parties directly involved, and the stress can very easily promote intense bitterness and turmoil between the two that are splitting. One of the most important things couples going through divorce worry about, though, is how their finances will be divided.

Unfortunately, this procedure is rarely a quick and simple matter. Many experts claim that couples going through a divorce should not simply expect that their assets will be divided fairly and evenly by themselves. In particular, those seeking a divorce who plan on using retirement funds such as a 401(k) to cover the added expenses a lowered income can bring should be especially proactive.

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