When it comes to divorce, family businesses are considered an asset. As a result, decisions must be made on how to divvy up a family business in a way that is fair to both spouses. This situation can be emotionally trying, especially if one spouse believes he or she...

Divorcing Texas couples like you have a lot of hurdles to overcome. Property division is often a big one. Many heated arguments break out over who gets what. It can even drive some spouses to try hiding assets. This is a bad idea for many reasons. Not only is it...

Married couples commonly share debts as well as assets. This logically requires that a divorcing couple determine which person may be responsible for repaying which debt after their divorce process completes. Assigning liability for joints debts may end up becoming a...

If you're married and considering a divorce, you are likely giving some thought to which property and assets will remain with you and which will go to your spouse.That's a good question. Texas is a "community property" state which means that any property, assets or...

Couples in Texas who are getting a divorce and who own a home will need to divide it, but they should beware of some common pitfalls in doing so. For example, some people will fight to keep the house without realistically considering whether they can afford it. This...

When going through a divorce in Texas, it is important to properly divide retirement accounts. To split a 401(k) or similar account, a qualified domestic relations order (QDRO) will need to be drafted. The order will then be approved by a judge and reviewed by a plan...

One of the more common issues for divorcing couples in Texas is determining which party receives the marital home. Though retaining the home can often be financially advantageous, there are a number of factors to consider. The first step is to determine if the party...