If you or your spouse contributed to a retirement account during your marriage, the portion contributed within that period is among the marital assets subject to division during divorce in Texas. As a community property state, you and your spouses jointly own any...
A high-asset divorce is already complicated because you must divide significantly valued property. Unfortunately, owning certain assets can add another layer of complexity. When preparing for a high-asset divorce, knowing what can make matters more complicated can...
The divorce process involves navigating several complicated factors. Few areas of divorce are more complex than property division, particularly when there are assets of high value. Texas is a community property state. Essentially, this means that property acquired...
When a marriage ends, the financial ties that once bound two people together can become a complex web of debt, credit and financial obligations. Unfortunately, this often results in individuals emerging from a divorce with a damaged credit score, making it harder to...
Many families think it is obvious who should keep their dog or cat in a divorce. Some people would think that the person who cares for the pet more and provides for their basic needs would keep their pet. Others would believe that the person who bought the pet would...
Dividing high-value assets during a divorce requires careful planning and strategic decision-making. Texas is a community property state, which means courts usually split assets acquired during the marriage evenly. Challenges can arise when dividing valuable assets...
Business owners are sometimes married couples, often because it’s very convenient for them to start a business together. They already have a close relationship and many small businesses are owned by married couples who utilize a business as their main source of...
Filing for a divorce does not automatically terminate your marriage. It is a legal process that involves settling multiple issues. If you and your spouse will not be able to work together to resolve your disputes, court intervention may be necessary. When that...
Because Texas is a state with community property jurisdiction, the common assumption is that each spouse receives an equal share of their marital property. However, it is more challenging to determine what exactly is equal when marital property comprises valuable...
As your marriage devolves into divorce, so do your financial liabilities. For divorcing couples with significant assets, critical tax consequences may apply. Breaking down and addressing possible tax considerations while processing your divorce proves to be a wise...