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Division of assets and other aspects of divorce

Texas couples who are considering divorce should keep a number of points in mind. One is that Texas is a community property state, and this means that all assets that are acquired during marriage are considered the property of both individuals. A person might sell some assets prior to the divorce, but if the judge sees this action as a deliberate effort to reduce the estate's value, this might become a problem. It has been reported that actor Johnny Depp arranged for a number of his paintings to be auctioned off, but since he acquired them before his marriage and thus are his separate property it is unlikely to cause any issues.

Property division may be an important consideration since the divorce rate is rising among older couples. Those couples might tend to have more assets than younger ones, and their retirement accounts are likely to be worth more.

Some couples try to avoid litigation for a number of reasons including the publicity and time-consuming nature of a court case. In some cases, couples might even remain married for financial reasons including the need for health insurance.

A complex divorce might involve many assets, a shared business or complicated child custody arrangements. The proceedings can become even more difficult when one spouse attempts to hide assets or one parent is concerned that the other may want to move away with the child. A person who is getting a divorce may want to discuss these complications and concerns with an attorney in order to see what proactive steps can be taken.

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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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