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What should you know about property division?

On Behalf of | Jun 13, 2018 | Property Division

It seems easier to join property than to separate it, don’t you think? Most Texas couples who decide to tie the knot are likely excited about finally sharing the car, the house and the pets that go with it. They probably never dream of some day needing to split everything equally, just like it all was before they got married. 

Property division can be tricky. If you are needing to divide assets you once shared, there are some important things to understand before starting the process.

If you and the other party can come to an agreement about who owns what and, thus, who gets what, you are more likely to feel a sense of satisfaction in the divisions. The American Psychological Association says as much, and suggests that an amicable agreement will also likely save you money.

The APA also says you are likely to feel more emotionally attached to things you own or perceive to own. Ownership comes in many forms, from the physical act of spending time and money to attain something, to interacting with it once you have it at home. 

Another interesting factor that plays into negotiations, according to the APA, are the differences in men and women. Did you know each seems to have a unique style of demonstrating value and a personal way of negotiating?

Since women tend to value relationships so strongly, and according to the APA, this differs from men’s task-driven nature, ladies may take fewer risks when those chances endanger meaningful relationships.

This information only intends to educate about property division and does not offer legal advice.