A divorce is a significant event affecting almost all aspects of life. In preparing for divorce, you are probably concerned about the effects on your children, personal property and other assets. Though you may have other priorities, you need to consider the tax...
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Divorce
Hidden assets affect your divorce settlement
In Texas, you share all your marital assets and liabilities with your spouse. As a community property state, any property acquired by either spouse during the marriage is subject to equal division under the law during a divorce. This equitable division law can inspire...
Equitable division is the goal even in a community property state
Texas is a community property state but that does not mean that there will be a 50-50 distribution of the marital property in your divorce. Every divorce is unique and certain factors come into play when the court determines how to divide assets. What community...
Looking for an alternative to litigation for your divorce?
A traditional divorce in court can turn into an ordeal given the possibility of contentious legal wrangling. Entering into more peaceful and fruitful negotiations outside of court is worth considering. Mediation is one option that provides benefits you will not find...
Eligibility for spousal support in a Texas divorce
In the past, it was not at all uncommon for an ex-wife to receive spousal support, commonly referred to as alimony. This was mainly because it was common for women to stay home while their husbands earned a living for the family. With many more women in the workforce...
When can you modify child support in Texas?
When the court finalizes a divorce decree, it puts forth orders that both parents must follow. However, there are times when one party or the other may need to make changes to better fit their current needs, as well as the best interests of any children involved. In...
Texas divorce residency requirements
Divorce is an option if your marriage has deteriorated to the point that it is no longer sustainable. The state of Texas does not force people who are unhappy to stay together. However, as with most legal proceedings, there are certain requirements that you have to...
3 options for addressing a vacation home during divorce
Whether you have a cabin in the Texas Hill Country, a house on Possum Kingdom Lake or a getaway somewhere else, you may wonder what happens to the property during your divorce. If your vacation home is part of the marital estate, you and your soon-to-be ex-spouse may...
How does divorce affect a business in a community property state?
Under Texas community property laws, your business may fall into the hands of an owner who may not have much of a desire to manage it. As noted by Business.com, you may find your ownership interest diluted if your ex-spouse receives stocks in your company through a...
What is the difference between community and separate property?
A challenging part of the divorce process is dividing the property. Who gets what and how much? Determining the difference between property types is a key issue. What exactly is the difference between community and separate property in a divorce? Community property...