The end of your marriage will mark the beginning of various significant changes in a spouse’s life. One of the most common ways a person will see changes in his or her life is through finances. The financial ramifications of divorce are significant, and it is helpful...
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Property Division
Fairly dividing property can make for an amicable divorce
A marital breakup involves so much more than spouses just deciding to no longer be together. Most spouses in Texas have acquired property and assets while they were married. Dividing these marital assets is often one of the most complicated parts of a divorce. Here...
Selling assets might make divorce rocky for Stallone
Dividing property during a divorce can be a stressful and contentious undertaking. Even when a couple has significant assets, each spouse has a right to his or her fair share of community property, which typically includes any assets accumulated during the time they...
How does the property division process work in Texas?
Ending a marriage is a process. When spouses make the decision to divorce, there will be many choices to make and steps to take before a final judgment is entered. One major aspect of the divorce process involves dividing property. Property division can also be a...
What happens to a business during divorce in Texas?
It can be both a stressful and rewarding process starting a business from the ground up and watching it grow. After nurturing a profitable business for years, the last thing a business owner wants is to lose it in property division proceedings during a divorce....
Do couples need to follow community property rules?
Couples whose marriages are over typically find themselves mired in issues that need to be taken care of. One of those is property division, but since Texas is a community property state, all assets gained during the marriage are considered shared. That means spouses...
How may Texas view separate property, and may a spouse take half?
As noted on Texas.gov, Section 3.001 of the Family Code defines separate property as assets owned or acquired by a spouse before marriage. You may also acquire separate property while you remain married. Gifts, personal injury awards and inheritances, for example,...
How assets are divided in a Texas divorce
There is so much on the table when a couple decides to divorce. And there is so much a couple may not understand about the divorce process in Texas, including issues that go along with property division. Are there certain situations that impact who receives which...
Is shady financial behavior hiding something more?
When you go through a divorce, division of assets often serves as one of the most difficult parts. This process alone can take weeks or even months of your time depending on the complexities of your assets. Of course, you can also run into additional troubles if your...
Mediation may be beneficial when dividing up property
There are many aspects to a divorce, and couples who have been together for a while may have built up numerous and significant assets. Trying to decide how to divide everything up in one of the bigger challenges in many divorce proceedings. In a traditional court...