While Texas is a community property state, it does not mean that every couple going through a divorce ends up with a 50/50 split of their assets. The courts focus instead on equitable distribution of the assets, which can look very different among couples. How your assets are divided is specific to you and your soon-to-be ex's situations, but there is one aspect that all divorcing couples should be aware of: hidden assets.
It's tough to think that your ex might have been hiding income or assets from you during your marriage, but it's important to entertain the possibility to ensure you do what is necessary to obtain any information about hidden assets. At the Arlington Law Offices of Karen Cushman, we've dealt with these types of cases before and know how to use the resources at our disposal to ensure you get a full picture of your marital assets.
Once all assets are uncovered and presented, the courts will begin to work on the actual division process. Factors that come into play here include the parties' current income, anticipated future earnings, education level, child custody arrangement and whether either party made job or financial sacrifices for the other person's advancement.
If you have concerns about your ex attempting to hide assets or you have complicated assets, such as investment and retirement accounts, we can help you understand how to ensure all of your assets are accurately presented. We work hard to use all of the resources at our disposable to represent your financial interests throughout your entire divorce.
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