When you or your spouse own a business, divorce involves more than just dividing property — it is about understanding what that business is truly worth. The value placed on your company can significantly affect property division, support and your financial future....
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Property Division
Navigating divorce when spouses own a business together
Certain unique circumstances can seriously complicate divorce proceedings. The more entangled the lives and finances of the spouses, the harder it may be to gracefully divorce. Few financial decisions enmesh married couples more than the decision to own and run a...
Protecting your assets: Property division during divorce
Beyond the emotional toll, the stress of dealing with the legal and financial implications during divorce can be draining. One of the most complex aspects of a divorce is asset division. For many, losing property or financial stability can be too much to handle. When...
Handled assets with deferred distribution in a complex divorce
Diversifying marital holdings is usually a smart decision. Spouses who have too much of their marital wealth in one type of investment are vulnerable to economic fluctuations. Proper diversification often means holding a variety of different resources, including...
What happens to a couple’s vacation home in a divorce?
Married couples in Texas may share quite a few valuable assets with one another. They each have an interest in the income that the other earns. They also share the value of any property acquired with marital income. Texas is a community property state, which means...
The importance of proper business valuation in a Texas divorce
The more property couples acquire during a marriage, the more they will have to disagree about when they divorce. Running a business can provide a family with a comfortable standard of living during a marriage, but it can quickly complicate the property division...
Will Dissipation Of Marital Property Impact Your Texas Divorce?
For many couples preparing for divorce in Texas, property division negotiations are a straightforward matter. They may already have a marital agreement establishing guidelines for dividing their property, or they may cooperate with one another to negotiate mutually...
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...
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...