Laura Dale & Associates, P.C.
Se Habla Español Nous Parlons Français
Call 713-574-7952 or 888-572-6059

Property division: Estate plan changes during a Texas divorce

Harris County couples who have been married a long time can have a lot to sort out if they divorce. The counting, valuation and separation of assets and debts takes time, even without significant spousal conflicts. The property division process can be stressful, certainly not an experience many spouses want to prolong.

Division of marital property can be made easier when parties have prenuptial or post-nuptial agreements. Spouses also may resolve property issues through divorce negotiations. When assets are in dispute, decisions about division shift to family law courts, where Texas community property laws are applied.

You can see how easy it might be for a spouse to forget secondary legal issues during the divorce process. The impact of this oversight may not be apparent to you, but it can cause financial and legal problems for loved ones after your death. Estate plans should be reviewed and modified accordingly at the time of major life events, like marriage or divorce, but many individuals simply forget to do these things.

For married individuals, estate planning documents generally are geared toward a spouse. A spouse is often given the power to make medical and financial choices for you, in the event of incapacitation. A spouse also is the likely beneficiary to a partner's insurance, retirement plan and other investments.

These are common choices for spouses, until divorce changes how they feel. Unfortunately, estate planning alterations can get put aside and be forgotten once the end of a marriage is finalized. Consequently, a former spouse could end up with your benefits or assets, due to a failure to update beneficiary names and estate planning documents.

Take steps during and after divorce to make sure all estate-related documents are directed to the right parties. Equally important is making sure your wishes are known and documents are accessible. Attorneys and financial advisers provide resources and guidance in this area.

No Comments

Leave a comment
Comment Information

Client Testimonials

  1. Laura Dale the best Family Law attorney I have ever met... Posted by John...Listens, takes your calls, tells you the truth (even when it may not be what you want to hear)... Read More

  2. The Best...Posted by a Child Custody client... Laura Dale handled my international child custody and divorce matter. I am an attorney in Houston and was referred to her... Read More

  3. A Meticulous, Knowledgeable, Attorney with Heart...Posted by a Child Custody client... Laura was not the first attorney that my husband and I interviewed for an extremely complex... Read More

  4. Top Notch, Hands Down - The Best...Posted by Tammi, a Child Custody client... Laura Dale has been absolutely the best attorney I could have found for my difficult child custody... Read More

Contact Our Experienced Team Today | Se habla español | Nous parlons français

Due to the experience our lawyers have in many specialized areas, you can rely on us to put together the right team to handle your case, even if it centers on complex issues such as international family law, business valuation or bankruptcy. Contact us today to make an appointment to discuss your needs with a knowledgeable lawyer.

Login to Client Portal

Laura Dale & Associates, P.C.
1800 Saint James Place
Suite 620
Houston, TX 77056

Toll Free: 888-572-6059
Phone: 713-574-7952
Fax: 713-600-1718
Houston Law Office Map