Divorce can raise serious concerns about property. You may worry that a court could divide assets you believe belong to you. In Texas, community property rules guide that decision. Some assets gained during marriage often count as shared property. Because of this...
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Property Division
What business owners should prepare before mentioning divorce
If you own a business and are thinking about divorce, you need to prepare carefully. Your business counts as property, which means you might split it up with your spouse in a Texas divorce. Taking steps to gather important documents before talking about divorce...
What happens to your family business during a divorce in Texas?
Running a successful business in The Woodlands is no easy feat. You have the right to feel protective of it, especially if you are facing a divorce. Understanding the laws on property division in Texas is essential for fighting for what is yours. What community...
Dividing significant property and assets during divorce in Texas
Dividing significant property and assets during a divorce in Texas generally involves an approach that is more creative than simply splitting everything down the middle. High-value estates often include businesses, investment portfolios and real estate holdings, all...
Beyond the 50/50 split: Navigating complex assets in a Woodlands divorce
Divorce can be a challenging process, especially when it involves the division of complex assets. Although those going through a divorce may aim for a 50/50 split, complex assets can complicate things. The presence of financial portfolios, business interests, or...
You built the business. What happens to it in divorce?
If you are going through a divorce in Texas and you own a business – or your spouse does – that business could become one of the most contested assets. Divorce courts won't just look at who started it or whose name appears on the paperwork. They'll ask how the...
3 assets that can complicate divorce for medical professionals
Medical professionals have very demanding careers. The stress that they experience at work and their abnormal job schedules can put pressure on their marital relationships. In some cases, career demands can contribute to the decline of a healthcare professional’s...
Property division when high-value assets are involved
Divorce in Texas comes with a lot of decisions, especially if there are considerable assets that have to be divided. This can be a challenging part of the divorce because both may have very different ideas about how things should be split. One thing that you should...
Does a non-working spouse get a share of 401(k) funds in a divorce?
One of the most common assets that inspires conflict during divorce is a 401(k) retirement account. Many people wonder whether a non-working spouse—who may not have contributed to their family’s 401(k) during their marriage—has a right to a share of those funds in the...
What happens to deferred compensation during a Texas divorce?
Texas is different from a majority of states in the United States of America because it does not have an equitable distribution law for property division. Instead, Texas has a community property statute. Judges do not have to divide assets in half, but they do have to...