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...
Property Division
Basics for business owners going through divorce
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....
Asset division in community property states like Texas
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...
Mineral rights in a divorce
When a Houston area couple gets married, they often assume their marriage will last forever. Although this is the case for some couples, many more result in a divorce. Property division in a divorce is one of the most complicated aspects of a divorce, and when there...
More reasons for a prenup
Prenuptial agreements may be particularly effective when dividing a couple's assets if they ever end their marriage. But, millennials are finding new issues that arise during property division in a divorce that justify drafting a prenup. Traditionally, a prenup was...
Dividing retirement assets in divorce
Splitting a married couple's assets is often difficult during divorce. However, property division of retirement assets has its own unique concerns. Specific rules govern dividing 401(k) plans, pensions and individual retirement accounts. Annuities are also difficult,...
How does property division work in a Texas divorce?
Dividing assets in a divorce can be a contentious, complicated process. Because many people have never been through it before, they often don't know what to expect and may not understand how the process works. Factor in fears about losing property and money and it is...