When dividing property in a divorce, the court will also look at your debts. The division of debt is similar to the division of assets. Texas law outlines how a court must handle debt division. In most cases, it is subject to the same rules as assets. Community vs...
Property Division
What causes arguments when dividing property?
The divorce process is usually one riddled with disagreements and arguments. Even in an amiable and mutually decided divorce, it is inevitable that arguments of some sort will crop up eventually. Many of these arguments will revolve around property and asset division,...
Are you eligible for your ex’s Social Security after a divorce?
When you split from your husband or wife, you may worry about whether you are going to be able to maintain your lifestyle once you enter retirement. Many Texas residents navigating divorces have similar concerns, and about 30% of them do not realize that they may be...
Is your spouse hiding cryptocurrency?
More and more people have started investing in cryptocurrencies. Digital assets tied to blockchain technology, and tracking currencies such as Bitcoin often carries challenges. As such, some divorcing spouses seeking to hide assets from their soon-to-be exes use these...
Should you watch your spouse’s digital wallet?
When dealing with divorce, one of the biggest and messiest parts will likely come in the form of asset division. This often takes up a lot of time and money, causing both parties stress in the process. Of course, things get even more complicated if one spouse attempts...
How do you divide intellectual property evenly in divorce?
Property division in Texas, as a community property state, aims to split all marital assets between spouses as evenly as possible. This is easier with tangible or countable assets. Courts have the power to cut a bank account with $50,000 in it in half. While it does...
Cashing out retirement funds during divorce
Past posts on this blog touched upon the fact that retirement accounts become subject to property division proceedings during divorce proceedings in Texas. If one was not the primary income earner in their marital home, they might find themselves in need of an...
How does divorce affect your LLC?
As a business owner, you may worry about losing your company in a divorce. However, depending on the business structure and the other people involved, you might have a degree of protection. According to Wallet Hub, Texas tops the list of the best states to start a...
How to tell the difference between separate and marital property
Divorce is often a stressful situation, especially when it comes to separating marital property you have amassed through the years. Also referred to as community property, martial items can be difficult to divide, as you may have become attached to certain...
Will I inherit my spouse’s debt during a divorce in Texas?
Asset and debt division are topics that people commonly have questions about when going through a divorce. If your spouse currently carries a large amount of debt, for example, you may wonder if you will be responsible for some of that debt. The short answer is that...
