The marriage is over and it is time for the Texas couple to separate their lives as well as their assets. As a part of the process, each individual is required to submit a financial statement that can be used to determine the various assets in addition to liabilities that should be considered as part of the community property. While one would like to assume that each individual will be honest when it comes to this statement, there are times when one spouse may believe that the other is not being truthful and thus attempting to hide assets that should be included in the property division settlement.
For most Texas parents, few things are more stressful than a perceived threat to one's child, or the prospect of losing access to a beloved child. Child custody cases often bring out the very worst in terms of parental fear. Fear of the unknown, fear of repercussions for one's children, fear of losing out on parenting time. All of these can make it tempting to choose actions based on emotion, rather than reason. That approach, however, can have devastating consequences for both parent and child.
Some relationships just do not work out. No matter how hard each individual tries, there are just some things that cannot be resolved and it is time for the Texas couple to part ways. When the couple has only been together for a short amount of time and there are no children involved, this is typically a fairly painless process. However, once children are involved, the process becomes more complicated and child custody issues become a concern.
The entrepreneurial spirit is alive and well in Texas and elsewhere in the country. The desire to be one's own boss and follow one's passion drives many people to start their own businesses. While many businesses do fail, others do not. Many entrepreneurs go into a venture with or without the support of a spouse. In the event of a divorce, the business may become a contentious issue in property division negotiations.
Millennials in Texas, like so many generations before them, have traits that are unique to them. Maybe because they have seen so many changes in their young lives they seem to have more unique traits than prior generations. They don't know about life before the internet and few of them remember a time before smart phones. They are a very entrepreneurial generation and are choosing to marry later. In addition, more of them are getting married with a prenuptial agreement in place.