Community Property

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It is normal to be anxious about many things when thinking about getting a Texas divorce. You may have heard of horror stories about getting a divorce from your friends or acquaintances who have been through it. It’s difficult not to feel anxious when there is a possibility that something unpleasant will suddenly pop up before or after the Texas divorce has been finalized. Your spouse’s hidden assets could be one of these things. It will surely be complicated to deal with it especially when you don’t really know anything about it. The Basics of Hiding Assets in a Texas Divorce […]

Dealing with Your Spouse’s Hidden Assets in a Texas Divorce

It is completely normal for unmarried couples to want to purchase a house together. Many people in committed relationships buy their dream homes even if a wedding is not in the works. However, it is important to lay the groundwork and plan for this enormous responsibility you are about to take on. Buying a property is risky as it is so if you are planning to get one with your partner, here are things you need to know. Get Legal Assistance When acquiring a home, it is always a good idea to create a game plan under the supervision of […]

Unwed Couples: Should You Buy a House before Marrying?

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When you are going through a divorce, you will surely not just be dealing with the division of your marital properties – you might have to deal with debts in a Texas divorce too. The rule that applies to properties applies to debts in a Texas divorce too. The ones that have accumulated during the span of your marriage will have to be shared between you and your spouse. On the other hand, those that you have acquired before your marriage you will have to bear responsibility by yourself because it is considered separate property. Both spouses will not be […]

FAQs: Debts in a Texas Divorce

A premarital agreement is a legal contract that addresses the rights of prospective spouses over marital assets in the event of a divorce or even death. This becomes especially valuable in a community property state, such as Texas. Both spouses have equal ownership over assets during the course of the marriage. While it is preferable to imagine a divorce-free marriage on the horizon, premarital agreements work to protect both parties. It also seeks to protect their individual assets. A premarital agreement can help set a financially secure lifestyle after divorce. Even without thinking of divorce, discussions brought up during premarital […]

What is Required for Validity of a Premarital Agreement in Texas?

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Most people are at least a little bit confused about the concept of “community property” which is basically property jointly owned by both spouses. The easiest way of understanding what is community property, is to first understand what is “separate property”.  In general, separate property is: property owned prior to marriage; property acquired at any time by gift or inheritance; recoveries for personal injuries sustained by a spouse during marriage (except for loss of earnings); In Texas, most everything else is separate property (with some exceptions).  People have some misconceptions about this, such as the idea that if only one person’s name is […]

Community Property

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Married life isn’t easy. Whether you like to admit it or not, there are just some aspects of your married relationship that are tough to navigate. Imagine how much harder things can get if you happen to be business partners with your spouse. There’s just so much to watch out for that it might just seem impossible to do. That doesn’t necessarily mean that it can’t be done though. There are just a lot more things that you need to keep in mind if you do find yourself in that situation. Communication is Key As with every relationship, the best […]

How to Be Business Partners and Stay Married