Divorce can impact many areas of your life, including the fate of your personal collections. Whether you collect classic cars, first edition books or rare coins, hanging onto cherished and valuable possessions is something you will need to think about. Understanding...
Property Division
3 things you can do if your spouse is hiding assets
Going through a divorce raises a variety of financial challenges. You may have suspicions that your spouse is attempting to hide assets so they do not have to be divided in the settlement. While this may seem unfair, there are steps you can take to uncover the truth....
What happens to your business in a Texas divorce?
Divorce often introduces complexities when you own a business. Different factors come into play if the business has shared ownership or is in one spouse's name. You might wonder if your spouse can force a sale. Navigating business ownership during divorce demands...
Who owns the home after a divorce in Texas?
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...
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,...