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
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
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
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
Highly compensated individuals may have a laundry-list of deferred compensation awards going out over many years. Sometimes these compensation methods require negotiation transactions during a divorce that may or may not be legally permitted without full transparency. In most Texas courts, there are “standing orders” that automatically apply to every divorce that prohibit certain types of transactions. It is important to understand the marital assets in order to prevent the client from inadvertently violating one of these rules.
Continue Reading Non-cash compensation in a Texas divorce
Most business valuations in the divorce context are performed upon long-standing businesses. Valuing an early-stage start-up company poses some challenges. In 2013 the AICPA released a guide detailing a framework for assessing the six typical stages of a business’ lifecycle.
Continue Reading Start up company valuations in divorce
Because business entities are often a large part of a marital estate for divorce, family lawyers and clients should understand how to review the report and spot issues even before hiring or relying upon the party’s own expert for review.
Continue Reading Evaluating a valuation report
Often in divorces, a spouse or both spouses may own a closely-held business. While the business itself may not be divisible in the divorce, the value of the business entity as an asset of the marital estate can be an important component to the division. There are several considerations at play when valuing a business entity for divorce purposes.
Continue Reading Valuation of company for divorce
This article is limited to transactions on exchanges only. The next entry will address remainder addresses in non-exchange scenarios.
For a better understanding what cryptocurrencies are, please read the first article in this series, available here: https://www.dallastxdivorce.com/2018/08/articles/articles/cryptocurrency-and-family-law-the-basics-part-1/
Everyone in the world can see when cryptocurrencies are transferred. Public addresses are wallets, and generally remain the
Cryptocurrency and Family Law: The Basics (Part 1)
Cryptocurrencies like Bitcoin and Ethereum are not going away any time soon. Both have been sanctioned by the United States government, and millions of people within our country utilize these electronic currencies every day in a variety of ways. Some use them as vehicles for investment, some
