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...
Month: July 2013
Divorce and credit card debt in Texas
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.In a recent article, a wife asked a financial advisor for advice about divorce and credit...
Will alimony become a thing of the past?
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.Simply put, alimony involves a husband or wife...
Splitting up non-traditional marriage assets can be difficult
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...