In Texas, all property that is acquired during marriage will be divided equally if the parties file for divorce. Unfortunately, it can be hard to determine how to equally divide assets that are illiquid, such as a partnership interest in a family business. In...
Month: March 2014
The pitfalls of using social media while in a divorce
It may be very tempting for Texas residents in a divorce to take to social media to rant about their ex or their divorce. However, that short rant could prove costly in the long run. It is important to remember that social media is not private, and, even if someone...
Future promises to pay can be dangerous in divorce settlements
For Texas couples seeking a divorce, negotiating a settlement agreement that is future-proof can be difficult without an attorney. There are many possible misconceptions one can have regarding future payments as one father recently found. For a parent, there is a...
Health insurance coverage and divorces
Divorcing couples in Texas may wonder about the availability or loss of health insurance after their marriage is dissolved. Many choose to stay together because one spouse can not get a policy after losing coverage under the other spouse's employer-provided policy. As...
How assets are divided through divorce in Texas
Texas residents may be interested in how the state's courts divide assets during a divorce. When two people get married, they form a community estate. The assets they accumulate during marriage are part of the community estate. Assets that were owned separately prior...
More single dads heading up households
The rise in divorce rates in Texas and elsewhere has resulted in an increase in single parent households. Many of these are run by single moms, but there has been a fairly rapid rise in the number of households led by single dads as well. A recent Pew Research Center...