Tag: property division

Divorce in Texas does have its pitfalls

On behalf of Loughmiller Higgins, Attorneys at Law posted in Divorce on Friday, July 5, 2013

Divorce is never easy. However, there are some common pitfalls many people face when navigating the divorce process in Texas. On the list of pitfalls are 10 specific things every divorcing couples should avoid. First of all, both parties to a divorce should not portray themselves as victims. For that matter, a divorcing person should not...

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Property division and divorce, billionaire-style

On behalf of Loughmiller Higgins, Attorneys at Law posted in Divorce on Friday, June 21, 2013

The recently announced divorce between 82-year-old media king Rupert Murdoch and his 44-year-old wife have many in both the entertainment and financial worlds eager to speculate about the outcome. There is no word on whether a prenuptial agreement is in place within the marriage. This is Murdoch's third marriage, however, so many in Texas would...

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Claiming retirement benefits from an ex-spouse after divorce

On behalf of Loughmiller Higgins, Attorneys at Law posted in Divorce on Thursday, March 21, 2013

When negotiating one's divorce settlement, many Texas spouses make the mistake of failing to focus on the big picture. It can be easy to allow recent or current resentments and other emotions to influence the decision-making process. However, failing to adequately address one's future financial needs during divorce can be financially...

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Texas couples may have to revisit property division in petition

On behalf of Loughmiller Higgins, Attorneys at Law posted in Divorce on Thursday, September 13, 2012

// Property division in Texas can be a complicated process for any divorcing couple. But it can be really difficult when one party believes that the property division may have been unequal -- just after the divorce settlement has been decided. This has been the case for one couple who, after figuring out a property division...

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Texas property division: Which spouse gets the house?

On behalf of Loughmiller Higgins, Attorneys at Law posted in Family Law on Wednesday, August 22, 2012

// One of the most common questions in property division is the question of who gets the house. Unfortunately, as many Texas divorcing couples are keenly aware of, this is also one of the most difficult questions to face. While some spouses are more than happy to leave their houses that they shared with their spouse, many times,...

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Texas spouses should take active role in finances during divorce

On behalf of Loughmiller Higgins, Attorneys at Law posted in Divorce on Monday, August 6, 2012

// One of the most common mistakes that Texas couples make while finalizing a divorce is letting one spouse exclusively handle all the financial responsibility. Even if the spouses trust each other with financial matters, it is important to double-check and make sure that all the financial matters have been handled properly. By...

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Texas divorce: Know when to argue, when to settle

On behalf of Loughmiller Higgins, Attorneys at Law posted in Divorce on Friday, July 27, 2012

// When Texas couples begin divorce proceedings, they can be emotionally overwhelmed by their circumstances, so much so that they are not acting in a clear-headed manner. Because of this, they risk making financial mistakes in their divorce that they later learn to regret. However, these potential errors can be easily avoided using...

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Texas couple with tumultuous past finalizes divorce

On behalf of Loughmiller Higgins, Attorneys at Law posted in Divorce on Friday, July 13, 2012

// While most couples don't originally marry with the thought of divorce in mind, it's no secret that not all marriages work in the long run. This may be especially true for one Texas couple, in which the husband is accused of hiring a hit man to kill his wife. Fortunately, the couple has been able to set these initial difficulties...

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Man sues ex for failing to size-up her shoe collection in divorce

On behalf of Loughmiller Higgins, Attorneys at Law posted in Divorce on Friday, July 6, 2012

// Even in the most straightforward Texas divorces, property division can often prove challenging. It can be a struggle to divide property equitably among couples, especially since what they might be dividing may be of a different personal value to each spouse. Furthermore, often during or after a divorce, couples sometimes uncover...

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Using QDROs to divide pension plans in divorce

On behalf of Loughmiller Higgins, Attorneys at Law posted in Divorce on Thursday, June 14, 2012

// A few weeks ago, we discussed the fact that retirement accounts are often up for grabs in a divorce. This week, we'll take a more in-depth look at what that means and how they can be divided. As divorces have become more common for Texas spouses who are about to retire, one of the central issues that divorcing couples must face...

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Retirement accounts up for grabs in long-time marriage divorces

On behalf of Loughmiller Higgins, Attorneys at Law posted in Divorce on Wednesday, May 30, 2012

// For many who have been married for a long time in Texas, a divorce can be very challenging. This is often due to the fact that a couple that has been married for a long time has often acquired significant assets together. In addition, in many divorce cases for older adults, a retirement settlement is of particular...

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Divorce can stir up resentment when finances are on the line

On behalf of Loughmiller Higgins, Attorneys at Law posted in Divorce on Thursday, April 26, 2012

// Many times, divorce proceedings create an enormous amount of stress for the people involved. This can be especially true for high-profile cases. Although many Texas residents are able to work through the issues of a divorce, not everyone is able to come to agreements easily. This seems to be the case in a recent high-profile...

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Texas CEO claims worth of negative $50 million in divorce

On behalf of Loughmiller Higgins, Attorneys at Law posted in Divorce on Thursday, April 12, 2012

// Property division can always be complicated. However, property division can be especially tricky for couples who are very wealthy. Though prenuptial agreements often help, in some cases they can serve as yet another point of contention between couples facing divorce. In one Texas divorce, a CEO has claimed a negative net worth...

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Property division more complicated for military spouses

On behalf of Loughmiller Higgins, Attorneys at Law posted in Divorce on Thursday, March 22, 2012

// Property division is never easy when couples divorce, but it can get even more complicated when one spouse is in the military. When dividing up assets in divorce proceedings, a military pension can be one of the largest assets in the marriage. Even though the divorce court may decide the appropriate property division, if the...

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Pet custody property division divorce cases increasing

On behalf of Loughmiller Higgins, Attorneys at Law posted in Divorce on Friday, March 16, 2012

// When one thinks of property division in divorce proceedings, one tends to think of furniture, large electronics equipment, the family home and miscellaneous household appliances. However, one of the most complicated trends today is pets. Pets, under Texas law, are considered to be property, as is the case across the country. But...

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Underwater mortgages complicate divorce

On behalf of Loughmiller Higgins, Attorneys at Law posted in Divorce on Wednesday, February 8, 2012

// Plummeting housing prices have been in the news for years in Texas and elsewhere. Some markets crashed earlier and deeper, but the depressed housing market has affected almost every state. As a result, many homeowners now owe more money than their homes are worth. Divorce is often complex, and this new trend is making property...

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She without him: Zooey Deschanel files for divorce

On behalf of Loughmiller Higgins, Attorneys at Law posted in Divorce on Friday, January 13, 2012

One of the most recent celebrity divorces which may involve a complicated property division process is that of Zooey Deschanel and Ben Gibbard. Zooey Deschanel is the front woman of the indie pop band She & Him as well as a Golden Globe nominated actress that stars in the TV series New Girl. Ben Gibbard is the front man of the...

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