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What will be considered as community property?

As you and your partner work through the process of divorce, you will both need to come to an agreement about how your assets will be divided.  While property that is privately held by you or your partner may not be claimed by anyone but the owner, anything that is considered to be community property may be claimed by either party.  Community property is considered to be any property that was acquired over the course of the marriage that does not explicitly belong to a single person.  With this in mind, you will want to be sure that your interests are protected and well represented in any agreement you make with your partner about how you will diving your assets.

If you and your partner plan of legally dissolving your marriage, you should speak with one of the Colleyville divorce attorneys with Alexander & Associates about what you will need to do to protect your interests as you move forward with your life.  To speak with one of our attorneys, please call our Colleyville offices at 817-756-4040 today.

Divorce settlement of Ruben Studdard now released

Legal papers from the divorce of the former ‘American Idol’ winner, Ruben Studdard, have now been released.

Studdard filed for divorce in November and it became official in January. Just this week, the details of the settlement have been released and officials have called his prenuptial agreement “iron clad.”

Studdard will be keeping the couple’s home, his jewelry, cash and other property. His ex-wife will receive $10,000 in a property settlement as well as the BMW that Studdard purchased for her.

If you or a loved one has been considering a divorce, you need representation on your side at this time that can help you step by step though this stressful time. Contact the Colleyville property division lawyers of Alexander & Associates by calling 817-756-4040 today.

Co-habitating partners seek prenuptial agreements

A recent trend has been seen in the number of unmarried couples that are seeking legal protection in a form similar to a prenuptial agreement.

A survey of divorce lawyers showed that in the past five years, nearly 39 percent of divorce attorneys surveyed have noticed an increase in the number of co-habitating couples that are seeking legal protection similar to that of a prenuptial agreement.

These cohabitation agreements are particularly important if a couple is going to buy a house together because if they do break up in the future, it is important to protect financial aspects.

If you or a loved one has been considering a divorce and needs representation on your side to help you divide assets accordingly, contact the Colleyville property division lawyers of Alexander & Associates by calling 817-756-4040 today.