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May 2017 Archives

Don't want to share in a divorce? Consider a prenup

With many Texas residents marrying later in life or for a second (or third) time, they have more than likely accumulated their own assets and liabilities. Considering the fact that Texas is a community property state, they might want to take steps to keep their separate property in the event of a divorce and not end up paying the other party's bills. One way to do that is to execute a prenuptial agreement.

Keeping separate property separate in a divorce

Whether Texas residents own a business, have a retirement plan or own other significant assets when getting married, they may want to consider protecting them. Since Texas is a community property state, the courts begin with the presumption that all of the assets are community property. In order to rebut this presumption and keep any property acquired prior to the marriage, certain steps need to be taken to keep them separate. Doing so may become important in any subsequent divorce proceedings.

How finances are structured during a divorce affects the future

Emotions are often high when a marriage ends. Sometimes, it is easier to focus on the minutiae rather than face the prospect of a future alone. Unfortunately, this thinking will only put a Texas resident's financial future in jeopardy. Instead, the focus should be on how to structure post-divorce finances and what steps need to be taken during the divorce process to provide the best opportunity to fulfill the plans an individual makes.

Mediation protects children from hurtful divorce

It is never easy to work out fair custody arrangements when two parents divorce, but some methods are certainly more mindful of the children than others. If you and your child's parent are divorcing, you may both have a great deal of anxiety over the harm that the divorce process may have on the child. The good news is that you have options.

Classifying a small business in a Texas divorce

Many Texas residents are nervous about what happens to their assets when they decide to end their marriages. One group of people whose nervousness may be heightened by the prospect of divorce is small business owners. Texas is a community property state, which means that most assets accumulated during the marriage are equally owned by both spouses and are divided in the event of a divorce.

Divorce mediation could save time and money for Texas couples

The fact of the matter is that money is a substantial consideration when ending a marriage. Both parties want to make sure that they are able to survive, and even thrive, financially after a divorce. Since divorce mediation can often save Texas couples a significant amount of money, it bears careful consideration.

Vernier & Associates, PLLC Vernier & Associates, PLLC

Vernier & Associates, PLLC
2441 High Timbers Drive Suite 110
The Woodlands, TX 77380

Phone: 281-882-3271
Fax: 832-585-0955

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