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...
Divorce is not just the separation of two lives; it also involves the division of shared assets and debts. The process of debt division can be complex, with various factors influencing who assumes responsibility for what. It is crucial for divorcing individuals in...
It is not uncommon for spouses to separate and live apart before officially filing for divorce. Efforts to reconcile and insufficient funds are some of the reasons why spouses delay the petition. The separation period, however, can cause confusion during the property...