The division of real estate is just one more thing to be considered in a divorce. If that divorce is highly contested it can be a challenging aspect to navigate as both parties want the property and will fight for it tooth and nail. On the other hand, in an amicable divorce neither party may
Division of Property
The Basics: Uncontested Divorce
Sometimes a potential client has a case and there is no grand story with dramatic facts. No one has cheated and there is no abuse, there are just two people who have grown apart and do not want to be married anymore. Often they have already physically separated and divided up the property in a…
Intangible Division: Digital Assets
In today’s interconnected world, our lives are intertwined with digital assets, ranging from social media profiles to cryptocurrencies and online accounts. However, these intangible resources often become a tangible concern when it comes to divorce proceedings in Texas.
Digital assets encompass a wide array of virtual possessions, including but not limited to: Cryptocurrencies such as…
Dividing Debts
Texas is a community property state, which means that any property or debt acquired during the marriage is generally considered community property, and both spouses share an equal interest in it. However, it’s important to note that not all debts are divided equally during divorce. Instead, Texas courts aim for a just and right division…
Hidden Gems
Divorce proceedings can often lead to contentious battles over asset division. For the most part, parties go through the process and play by the rules. But every now and then, some individuals attempt to hide assets to gain an unfair advantage. This week we’ll talk about the potential consequences of such behavior and why you…
What Happens to My Business After Divorce
When it comes to the topic of divorce people’s first thoughts often go to things like: How will it effect the children? Who will get the house and the cars? How much am I going to have to pay in child and/or spousal support? Will I have to part with half of my stock portfolio?
Prenuptial Agreement: Praying for the Best and Prepared for the Worst
We’ve all heard the Kanye West lyric “If you ain’t no punk, holla we want prenup!” But what was he talking about and why was it important to the song? Prenuptial (also known as premarital) agreements are contracts that are entered into by future spouses before they are wed. The reasons a couple may to…
Splitting the Puppy
These days more and more people are beginning to see and treat their pets as though they are their four legged or winged children. But no matter how much you love them and treat them like family, according to the state of Texas they are property and thus an asset to be divided during a…
The Business Owner’s Divorce
In a Texas divorce, there are several issues that are unique to considering a business as an asset in the property division. The normal property division issues of identification, characterization, valuation, and division each have intricacies for businesses that need to be considered.
Addressing the type of entity (corporation, partnership, sole proprietorship) is important because…
What’s new in Texas family law this fall?
Our October monthly free lawyer’s continuing education presentation focused on new cases and legislation affecting Texas family law.
Here’s a link to watch the video on Facebook: https://fb.watch/8SJMhZFiJF/
Here’s the presentation with all the details: What’s New in Texas Family Law This Fall?
Here’s a link to Elisa Reiter’s excellent articles about the new legislation…