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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....
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,...
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...
Divorce is major legal and financial decision, and the choices made during this process will impact the individual for years to come. This is one of the main reasons why planning for divorce in Texas before moving forward with the process can be helpful. Preparation...
The end of a marriage brings many significant changes in life, including personal finances. Regardless of how amicable a Texas couple is or how much wealth they have, property division will affect all aspects of their financial lives, including long-term...
There is one age group in Texas and beyond that has been filing for divorce at a greatly increased rate over the past two decades. People who are ages 55 and older are in this group, and many of them have determined they would rather start afresh on their own in life,...
In a marriage, couples usually have a system for meeting financial goals. In the aftermath of a divorce, figuring out how to set new financial goals may take significant effort when working with limited resources. Though Texas is a community property state, along with...
A divorce can be draining -- emotionally, mentally and financially. While it is unhealthy to remain in an unhappy marriage, entering into the property division proceedings without a clear plan for the future can threaten financial stability. Texas residents who are...
Couples who realize that a marriage is no longer sustainable often seek separation before they begin divorce proceedings. Those who have initiated those proceedings may believe that property division agreements only apply to those assets that were jointly owned during...
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...
