When it comes to dividing a retirement account such as a 401K or a pension, extra steps are required in addition to the final divorce decree dividing such accounts.… Continue Reading
What happens if, after the divorce is final, a party discovers that the other party failed to disclose certain assets in the divorce proceedings?… Continue Reading
One asset does not always equal another asset, even if the values are identical. One reason for this may be based on the personal situation of each spouse.… Continue Reading
It is standard procedure in a contested Texas divorce for spouses to each be required to file a sworn disclosure of the assets and debts, including financial accounts, of the marriage.… Continue Reading
I recently came across an excellent article on the Wall Street Journal's website entitled, How Divorce Affects Your Social Security (Or Not). As a Dallas divorce lawyer, I am frequently asked about post-divorce entitlement to social security benefits. From the outset, it should be noted that unlike most other areas of martial property law, benefits arising from the Social Security Act are preempted by Federal Law from being characterized as community property. Because of this preemption, we have to look to federal law to determine what affect divorce plays on social security benefits.… Continue Reading
