Divorce is difficult. It will try your mind and emotions like no other event in your life. The emotions are raw and difficult to control. But when it comes down to it, you have material assets at stake that you must dedicate your time and attention to. No matter how much you may be going through internally, you should never forget what you have to lose externally, our Cedar Park property division attorney can help you understand where you are standing.
A whole variety of things can affect property division in divorce. Here are just a few of the factors that a judge may consider when deciding:
Ability to pay
If you are struggling to pay the rent and to make ends meet, the court is unlikely to do anything that will add to that burden. However, if you have a high-paying job and have put most of your assets in your name, then the court is more likely to move some of them over to your soon to be ex.
The division of assets is usually linked to custody. If you are the custodial parent, you are likely to get a greater share of the marital assets to support your child. If you are the non-custodial parent with a substantial income, the court will be more inclined to give your ex-significant portions of your money and assets.
Length of marriage
The longer the marriage the more evenly the assets will be divided, regardless of how much or how little your ex worked. In the eyes of the court, you built a home and life together and your ex is entitled to maintain a certain standard of living. They may even get a greater share of the assets if you have children who have not yet left home.