Gray divorce, or a divorce that occurs between spouses who are over the age of 50 and who have been married for a significant period of time, is often different from divorce earlier in life. People may only have a few years left until retirement or they already have...
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Property Division
Do co-parents ever keep the house together?
It is very common for divorced couples to sell their family home. They may be co-parents who are raising children in that home together. But the divorce has changed their plans and so they sell the house and move on. One of the major reasons that people do sell the...
What will happen to your family business if you get divorced?
Many businesses in the United States are family-owned. Couples sometimes get married and then start them together. This approach can understandably become a matter of contention if they decide to get divorced. When a family business is involved in a divorce, there are...
2 property division mistakes to avoid during your Texas divorce
From child custody, child support, spousal support and property division, divorce comes with multiple components. And pretty much each of these components can be heavily contested. According to Texas’ property division laws, any property or debt acquired by either...
Community property state – What does it mean?
Property division is crucial in a divorce. You want to protect your assets while being fair to your spouse. Texas is a community property state, which means, in most cases, property or money obtained during a marriage belongs to both spouses. Thus, anything garnered...
Got a lot to divide in a divorce? Avoid these mistakes
Have you ever heard the phrase, “more money, more problems?” It’s an acknowledgment that the more you have to lose, the harder it can be to protect what’s rightfully yours. This is particularly true when you’re going through a high asset divorce. The more that a...
Should you close a joint bank account during a divorce?
If you get a divorce, one piece of advice that people will sometimes give you is to close your bank account. They may tell you that you want to make sure that your spouse doesn’t empty that account and take all of your money, for example. It also may simply be a...
Is your spouse hiding digital assets?
Have you ever heard of cryptocurrency or non-fungible tokens (NFT)? These are both forms of digital investments that’s grown over the years. Many people invested in cryptocurrency and NFTs early on and now they’re reaping the rewards. Even though cryptocurrency and...
Will I lose half of my inheritance if I divorce?
Property division can cause a lot of stress during a divorce. You know you cannot keep everything, but you do not want to give away more than you need to. Money is hard to come by, after all. One area that can generate concern is any inheritance you receive. You know...
Who gets to keep the dog when you divorce?
Texas has laws that govern most aspects of modern divorce. Couples can follow state law to divide their property and to split responsibilities for the children that they share, or they can litigate. However, there are no specific state laws discussing what happens to...