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What to do before getting a divorce in Texas

January is a popular month for divorces, with many family law attorneys reporting a spike in filings during that month. Most people choose January because it is the start of a new year, and they want a fresh start. However, there are many issues to consider before making such a decision, including the psychological and emotional aspects.

Texas is a community property state, and thus residents who are contemplating a divorce should know what that entails. In a community property state, all marital property is split equally in divorce proceedings unless the parties can otherwise agree. Some couples have already entered into a prenuptial agreement that covered how property should be divided in a divorce.

Those who are considering a divorce should gather financial records and learn what the tax implications may be if property is liquidated. For example, if a couple sells stock that has appreciated, they may both owe capital gains taxes on that stock. In some cases, an individual may regain access to tax deductions because their income is much less than it was while married.

Those who are thinking about a divorce may benefit from taking the time to consider all the implications of such a choice. However, individuals who are convinced that it is in their best interest to do so may want the assistance of an attorney who has experience in family law matters. Legal counsel may be able to determine what is marital property as opposed to separate property and whether or not an existing prenuptial agreement is valid. If there is no existing agreement, an attorney can often be of assistance in negotiating a comprehensive settlement agreement that covers property division and other applicable divorce legal issues.

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Bruce Turner

In addition to his law degree, Bruce Turner has a master's degree in tax law and is Board Certified in Commercial Real Estate Law by the Texas Board of Legal Specialization.

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Turner, Bruce E.
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Bruce Turner with Bennett, Weston LaJone & Turner, P.C.

Attorney Bruce Turner is located in Dallas and represents people and businesses throughout DFW and the Metroplex, including Denton, Carrollton, Lewisville, Flower Mound, Farmers Branch, Irving, Las Colinas, Corinth, Highland Village, The Colony, Plano, Frisco, Allen, McKinney, Mesquite, Grand Prairie, Garland and Grapevine as well as Collin County, Denton County and Dallas County in Texas.

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