Long-term marriages often lead to a sense of financial complacency. People become acclimated to sharing resources or letting their spouse balance the checkbook every month. They take for granted that they know the true financial state of their household and that their...
Divorce
What happens to deferred compensation in a Texas divorce?
The more successful you have been during your professional career and marriage, the more you and your spouse may have to fight over when one of you files for divorce. Most couples do not have prenuptial agreements, so they have to settle property division matters to...
What property can you keep separate in a Texas divorce?
It can take a long time to rebuild your life after divorce, and the financial resources that you secure in the divorce will play a major role in your future stability. Unfortunately, many people don't understand how community property laws work in Texas and may...
Can your ex demand permanent spousal maintenance from you?
It can be hard to predict the financial consequences of a divorce. Some spouses will have a basic divorce process because they already have a marital agreement discussing how to divide their belongings and parental rights. Without a pre-existing contract with your...
3 ways to protect your retirement savings in a Texas divorce
Divorce in Texas is often a painful process. Not only do you have to cope with some difficult, negative emotions, but you also have to completely separate your life from your spouse. This process takes months and often leads to intense disputes between former spouses....
What divorcing spouses should know about dividing marital assets
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...
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,...