Many married couples also happen to be business partners, running a company together and benefiting from the business equally. But what happens to the company when you and your spouse are considering divorce? The division of property in Texas includes everything you...
Is Texas a community property state?
Whether you’ve been married for less than five years or more than twenty, divorce is a difficult and emotional undertaking. As you file for divorce, one of the biggest questions you may have is: how do we split our property? Before you determine how to separate your...
3 ways to handle the house after your divorce
You've made your decision, and you're getting a divorce. Now, the big question: What do you do with the house?For whatever reason, you don't want to sell it. Maybe you have young children or teens, and you don't want to uproot them at a fragile time in their lives....
Financial facts every divorcing couple should understand
If you're just about to get divorced, there are some financial facts about being a couple that you need to understand. You and your spouse have been financially tied together since the day you married -- whether that's a good thing or not -- and getting untied again...
Remember: Equitable doesn’t have to be equal
In community property states, spouses are considered equal owners of everything acquired or earned during their marriage. Dividing up the assets (and the debts) in a divorce basically amounts to splitting things in half.In an equitable distribution state like Texas,...
Consider a buyout as an alternative to monthly alimony payments
Spousal support isn't really anyone's favorite thing to think about. The paying spouse often resents having to turn over part of his or her paycheck to the receiving spouse each month. The receiving spouse often hates the idea of still being dependent on monthly...
Beware! Texas property division may not mean a 50-50 split
Most American states use the equitable distribution system to address property division in a divorce. This means that the court divides a couple's property in a way that it deems fair and equitable. Texas is one of only nine states that use the community property...
How does property division work in Texas?
If you and your spouse have decided to divorce, it is a good idea to seek answers to your property questions before your case proceeds. Property division is one of the most complicated matters a divorcing couple will face, and if the breakup is contentious, a fair...
Receive child support? You can pay for these costs
Child support payments are awarded in many divorces, and the specifics about how much the support payments will be for and for how long they will last varies wildly from case to case. There are many factors that go into determining how much child support should be...
