Understanding Marital Assets: Is Texas a Community Property State?
Is Texas a community property state? Yes, this designation significantly affects how assets and debts are handled during a marriage and in the unfortunate event of a divorce. Our discussion will outline the basics of community and separate property, providing clarity to those navigating marital asset division in Texas without venturing too...
Are There Tax Implications When Dividing Business Assets in a Divorce?
When dividing property in a Texas divorce, the focus is on the value of the assets and which spouse receives which assets. However, couples should also focus on the tax implications when dividing some assets. Our Austin divorce attorney discusses tax implications when dividing business assets in a divorce to give...
Texas Community Property Reimbursement Claims
When you go through a divorce in Texas, property division can be a stressful ordeal. Texans experience a property division process quite different than that of most American divorced couples.
Texas is one of only nine states with “community property” division of marital assets. Community property division is different...
Divorce With a Business Involved Texas
Divorce is far from rare.
The Texas Department of Health Services reports that there are more than 75,000 divorces in the state each year.
Despite being relatively common, going through a marital separation is never easy for the couple that is involved in it. Every couple has...
Moving Money, Assets, or Property Before Divorce
Deciding to end a marriage can give rise to a wide range of emotions, including resentment.
Unfortunately, these feelings can lead divorcing spouses to do things that they would not usually be capable of, such as hiding or wasting marital assets.
While this type of conduct...
What Is a QDRO in a Texas Divorce?
When a couple is getting divorced in Austin, they will need to divide their community (shared/marital) property in a manner that is just and equitable, but not necessarily equal.
In addition to the obvious property types, like cars, bank accounts, and a shared home, a couple needs to consider...
Why You May Need a Forensic Accountant for Your Divorce Case
Getting divorced requires more than just deciding with whom shared children will live or who will get the house.
A divorce requires taking a deep look into your finances–both personal and shared–and then making a decision about how property and debts will be divided, as well as whether or...
Splitting Stock Options in a Divorce
Getting a divorce is a serious procedure.
Indeed, rather than just leaving your spouse, moving out, and moving on with your life, when you divorce, you and your spouse must come to an agreement about various issues in your divorce, including the division of property, assets, and debts.
Is Inheritance Community Property in Texas?
If you are considering divorce and received an inheritance during your marriage, you are likely asking yourself the important question: is inheritance community property in Texas?
In other words, will your inheritance be classified as community property and subject to division as part of your divorce, or will your...
Partition Agreements in Texas
If you are considering divorce in Texas, you should know that Texas is one of a handful of community property states in the U.S.
In a community property state, when a married couple decides to get divorced, the court assumes that all property you acquired during your marriage is owned jointly unless it...