Property that is to be divided following a divorce may include assets such as the primary home, other real property, personal property, retirement benefits (including pension plans, IRAs and 401(k)s), investment accounts, livestock, intellectual property, and businesses owned by the parties. The court will attempt to equitably divide the couple’s marital estate and debt. With more than 35 years of legal experience, Denton property division attorney Julia Kerestine knows the factors that determine what is equitable and can help identify assets and assess values.
Prenuptial Agreements, Postnuptial Agreements and the Division of Property
Prenuptial or postnuptial agreements, also called pre- and post-marital agreements, are contracts that may provide for the division of property in the event of divorce. Such agreements may also include terms for spousal support or the forfeiture of assets as a result of adultery in a divorce. Texas family law attorney Julia Kerestine can let you know more about the impact that such agreements may have on your property division settlement.
Payment of Expenses and Child Support Issues
The cost of a divorce and how long it will take depends a great deal on how well the parties can resolve their conflicts. While the divorce is pending, individuals may have concerns about how to pay for normal living expenses. The court may issue a temporary order, which defines the responsibilities of both parties during this time of transition.
Property division can influence the amount of child support that is ordered, as well as other financial issues that impact the involved parties. That is why it is important to have a skilled and trusted legal advisor who can answer your questions and help devise property division solutions that can move you through your divorce and into a new life.