Texas is one of a handful of states that follows the community property system in a divorce. In a Texas divorce, the court will presume that any asset acquired by a spouse during a marriage is community property A spouse may rebut this presumption by providing clear...
Year: 2021
Protecting your business during divorce
Divorce is never easy. Business owners, however, face unique obstacles when working to mitigate the impact of the divorce on business operations. The following will focus primarily on how the process unfolds in Texas. Texas is a community property state. This...
What is causing the increase in gray divorces?
Since 1990, the rate of gray divorces among people over age 50 in Texas and around the country has more than doubled. While this sharp rise might seem shocking, there are several reasons that explain the increase. The social stigma surrounding divorce has decreased,...
Who Needs a Premarital Agreement?
If you are getting ready to walk down the aisle, you should consider whether you could benefit from a premarital agreement. Contrary to popular belief, premarital agreements are not just for the mega-wealthy or celebrities. People marrying later in life and people...