Property division in a divorce in Texas occurs using the concept of community property, which is different from most other states. It can make for some complex situations as you try to divide your assets. According to the Texas Constitution and Statutes, the court...
Without proper planning, a Texas divorce may end with two spouses dividing all of their assets in half, which includes stocks or ownership interests in a company. A business started during a marriage generally becomes community property unless a written and signed...
Divorce can be an exciting, confusing, emotionally turbulent time in your life. From determining child support and child custody to dividing assets and debt responsibility, you will face numerous challenges while separating one household into two futures. There are...
Dividing assets is more than just splitting your bank accounts down the middle. It is a complex process that often requires assistance from accountants and investigators. Just because it is complicated does not mean it is unapproachable — although there is no doubt...
From credit cards to automobile loans and more, divorcing couples must figure out how to deal with their shared debt when they part ways. The decisions about these debts generally becomes part of the larger property division settlement negotiations. Once a couple...
Texas couples who decide to divorce already have a lot on your plates. But when you start dealing with property division, the situation can get even trickier. Tensions and tempers run high, and sometimes, a spouse may try to hide assets from you. But if your spouse...
There are many hardships that people in Texas go through during their lives. This is true for people’s marriages as well and couples need to work through many difficulties throughout a marriage. However, for many different reasons the difficulties can become too much....
This blog recently discussed some of the challenges around dividing a family business during divorce. It can be helpful to couples going through the challenges of dividing a family-owned business to take a little closer look at the different options available, and...
Many people in the Houston area make their living by owning and growing a family-held or other small business. Many Texans actually manage to acquire a great deal of wealth through their ownership of a family business and have much of their net worth tied up in it....
While most American states have adopted the equitable division model when distributing assets in a divorce, Texas remains a community property state. Unless you have already experienced a divorce, you may be one of the many residents with a poor understanding of what...
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