Characterizing Qualified Private Retirement Benefits – As we learned in our previous blog, the type of retirement plan one or both divorcing spouses participates in affects how the benefits associated with that retirement plan will be characterized, valued, and divided once the marriage is over. Dividing property is not always an easy process, and the…
Defined Benefit vs Defined Contribution Retirement Plans – You’re probably asking yourself, “Why in the world would we write about retirement plans in a family law blog?” Well, when it comes to the just and right division of property between divorcing spouses, the type of plan one or both spouses participate in affects how benefits…
What In The World Is A QDRO? The courts divide and confirm qualified private retirement benefits in much the same way they do marital property or community liabilities. There’s a discovery process followed by detailed characterization and valuation of the benefit plan, which then allows the court to divide everything in a just and right…
Community Liabilities: 2 Methods to Accomplish Just and Right Division – We learned in our previous two blogs what liabilities are and how the court goes about identifying and placing a value on those debts. We also learned each spouses’ role in the process and the factors could influence how a court assigns debt to…
About Addison Texas About Addison Texas – It was settled in 1846 and named after Addison Robertson, who served as a postmaster. The first industry was a cotton gin, which opened in 1902 on Addison road. Addison today is a suburb on the outskirts of Dallas with a population of around 13,000 people. Although the…
4 Factors Affecting The Division of Community Liabilities – When two people are getting divorced, the process of dividing community debts is treated the same as the court’s overall just and right division of the entire community estate. How that is accomplished, however, can depend on four key factors. First thing’s first: If you didn’t…
Dividing and Confirming Liabilities – Just as a court has the authority to divide and confirm marital property, whether real or personal, it also has the say so in how spouses’ liabilities are divided and disposed of. This article will describe that process. But first, what are liabilities? Liabilities are debts that you owe to…
Securing Liens on Personal Property – Part II If you remember from our previous blog, a judge who has ordered you to pay your spouse a large amount of money that you cannot immediately pay can require that you put some of the personal property you still own on the line to collateralize the judgement.…
Summary of Common Family Law Terms (Vol. VI) – We have discussed a great deal of family law terms over the last year or so. Now it is time to take a brief timeout to look back on a some of the more noteworthy concepts. I do this periodically because it’s not like this is…
Transferring Securities – We have reached the end of our five-part blog conversation on the many rules divorcing spouses need to keep in mind when transferring ownership of differing types of property. If you’ve been following along, you know by now this process is not as simple as handing a vehicle, life insurance or a…