The television show "Fox & Friends" recently aired a segment regarding prenuptial agreements. A legal analyst for the Fox News station stated that most divorces today do not involve a prenuptial agreement, but that there are certain groups of people that have a greater chance of having a prenuptial agreement. These two groups are those who are older when they enter into marriage and those who have already gone through a prior divorce.
What happens to credit card debt during a divorce? Texas is a community property state, which means that the credit card debt is seen as both spouses' responsibility to pay back.
Texas residents who have grown up in a home wracked by divorce are no strangers to the jargon of divorce and may be familiar with words like alimony, child support and custody. But the areas of alimony may be changing.
Beyond the splitting of standard marital assets like cash, savings accounts and retirement accounts, many divorcing couples in Texas may also need to split unique types of assets such as credit card mileage. Credit card air miles, along with other unique types of assets, such as decorative objects that one spouse may have an attachment to, may be very difficult to divide during a divorce.