Tag

marital property
Occasionally, divorcing spouses are in agreement about the dissolution of their marriage. While it isn’t extremely common, some couples can even agree on custody, spousal support and property division. Many times financially related issues like spousal support and custody are based on specific income information and a percentage which may allow them to be decided...
Read More
The divorce process can be complex and confusing. For individuals going through a high asset divorce, property division can be one of the most complex aspects of the entire process. While every divorce represents some type of financial concern to the parties involved, a high asset divorce may represent a significantly greater concern. Items acquired...
Read More
People who are divorcing in Texas will normally have all of the property they acquired during their marriage divided equally between them and their former spouses. Texas, as a community property state, has a presumption of equal division of the community property. Community, or marital, property in Texas includes all of the property either spouse...
Read More
When two people with significant assets are going through a divorce in Texas, the matter of property division can become extraordinarily complicated. Although the rules governing the division of marital property and separate property might appear straightforward, the actual implementation of these rules involves any number of variables. If one or both of the spouses...
Read More
In addition to custody and alimony decisions, courts also conduct an equitable division of property as a major component of final divorce orders. Not all property is subject to division, however. There are some categories of property that are considered the separate property of one spouse or the other. Marital property, or property acquired during...
Read More
There are varying opinions when it comes to getting a prenuptial agreement. While some Texas couples who are about to get married believe that it can be a prudent document to create before a wedding, others see it as a bad omen for the relationship. Ultimately, the decision to get a prenuptial agreement is a...
Read More
Preserving one’s ownership of an inheritance or a gift can be a challenge when trying to handle a divorce, especially in a state like Texas. Texas is a community property state, meaning that all marital property is subject to equal division. Certain assets are exempted from this rule and are considered separate property. Separate property...
Read More
For Texas residents who are approaching retirement, a divorce can be difficult and involve the division of substantial marital assets. Those who are going through a later-life divorce like this should keep a few things in mind during the asset division process. The general rule for property division in a divorce is that any marital...
Read More
Receiving an inheritance can make a world of difference in one’s financial outlook. Deciding how to spend, save or invest those funds is a serious matter, and deserves careful attention. When an inheritance is received by a person who is married, the assets are considered to be that individual’s separate property. However, without the proper...
Read More

Archives