The community property laws in Texas require divorcing couples to divide the assets and properties obtained during their marriage. Chapter 7 of the Texas Family Code specifies that spouses must agree on a “just and right” split for the court to approve a divorce...
Property Division
The value of keeping marital assets separate
While you certainly do not enter a marriage with the expectation of divorce, it does happen. For this reason, the mingling of financial assets with those of your spouse will not always serve your best interests. As a community property state, Texas follows specific...
Property division facts for your divorce case
Although guidelines exist for the division of property in a divorce, no two cases are alike. Property division depends upon the specific details of your case, though there are many misconceptions about how the courts divide property in Texas divorce cases. There are...
Can mental health impact your divorce?
Mental illness unfortunately serves as a common contributing factor to the collapse of a marriage and the onset of divorce. If either party in a marriage suffers from mental illness, it could end up affecting the longevity and health of the relationship. A high rate...
What are community and separate properties?
Asset division often makes up the hardest part of divorce for many couples. Having an understanding of how it works can go a long way in making it easier. Thus, understanding community versus separate properties is the first step to take. Community properties The...
What to know about dividing an annuity in divorce
Divorces can divide many kinds of marital property, including retirement accounts. If you are relying on an annuity as part of your retirement plan, you should know how to split it between you and your spouse so you do not lose money in unnecessary costs. Kiplinger...
Can hiding assets during a divorce be a crime?
Even if you do not earn the same income, you and your soon-to-be ex-spouse both contributed to your marriage. Now that you are heading for a divorce, you deserve to receive a fair share of your marital estate. Fortunately, according to the Texas State Law Library,...
Where do you begin with property division?
Texas is a community property state. That means if you and your spouse do not come to an agreement outside of court on how to divide your assets, the court will evenly divide them for you. This may not work for your needs or desires. The best course of action is to...
When divorce becomes expensive for business owners
If you're a business owner who's considering divorce in Texas, be prepared for high-asset property division. This can be a costly process, both emotionally and financially, but it's also something you can do successfully. Why is divorce costly for business owners?...
