Finding that a spouse wasted community assets or funds can feel like a deep betrayal. Fortunately, if the spouse’s action meets the legal threshold for fraud on the community, it may fix this imbalance by creating a reconstituted estate. Defining the concept of...
You may wonder what happens to money in a jointly titled bank account when your marriage ends. Texas uses community property rules, so these accounts often raise questions. You can make better decisions when you understand how Texas law views shared funds. How Texas...
When you go through a divorce in Texas, understanding how the state treats gifts and inheritances can make a big difference. These types of assets don’t always follow the same rules as other property. Knowing how the law handles them will help you understand what...
In a Texas divorce, you must divide more than just physical items like homes and vehicles. Intellectual property—such as patents, copyrights, trademarks, and business ideas—often holds significant value. When you understand how these assets work in property division,...
Divorce is tough, and it affects many parts of your life, including your finances. During this time, you may also wonder what is going to happen to your child's college savings plan. It is important to understand the ins and outs of a college savings plan as you are...
Discovery is a phase in divorce where both spouses are required to disclose information and provide documents on their assets, debts, income and expenses. While this phase appears procedural in nature, discovery plays a significant role in the divorce property...
Property division during a divorce can be straightforward but also complex. Some issues can be challenging to settle, especially when involving significant assets, such as the family home. The house obtained during the marriage often has an associated mortgage....
Dividing property accumulated during a marriage can be one of the most challenging aspects of divorce. In Texas, property division follows specific guidelines aimed at ensuring a fair split between the spouses. Understanding these laws when facing a divorce can help...
Property division becomes more challenging when you and your spouse own a business or business shares. The most logical thing to do would be to buy out your spouse so you can maintain ownership. But first, you must know how much you will pay your ex to keep the...
There are many factors to consider when dividing business assets in a divorce, one of which is goodwill. Despite being an intangible asset, goodwill is part of the valuation process when determining the fair distribution of marital property. If you have a business to...
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