Divorce can be a complicated and emotional process. This is particularly true when it comes to dividing assets. One of the assets that many couples are concerned about is their home. Texas is a community property state, so any property acquired during the course of...
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Property Division
4 ways your prenup might not address property division scenarios
The goal of prenuptial agreements is to provide clarity and protection in the event of divorce. However, prenups sometimes overlook some property division situations. This could potentially lead to disputes and dissatisfaction during divorce proceedings. 1. Failure to...
Can you get in trouble for selling your business before divorce?
In Texas, selling your business before filing for divorce might seem like a smart move to simplify the divorce process. However, such actions could lead to legal consequences. For example, selling a business just before filing for divorce might raise suspicions of...
What are your assets worth?
Obtaining accurate valuations of high-value assets is essential when dividing property. Whether it is a family home, business or other substantial holding, determining the value ensures a fair and equitable distribution. In Texas, community property laws govern asset...
How Texas courts divide property in a divorce
Divorce can be a complex and emotionally challenging process, especially when dividing shared assets and debts. In Texas, community property laws guide the property division process. Understanding these laws can help you make the right decisions as you negotiate a...
Can a mediator help with property division disputes in divorce?
Divorce is never easy, and dividing shared property can often add more stress to an already challenging situation. This is especially true in Texas, where the law considers all property acquired during marriage as community property, subject to equal division. One way...
Are your assets joint or separate?
When going through a divorce, it is important that you understand how to divide your assets and property. Most of your assets will fall into one of two categories: community or joint, and separate. Community property Diffen takes a look at community and separate...
Tips to uncover hidden assets
Dividing property is often one of the more difficult aspects of going through a divorce. Unfortunately, it is not uncommon for a spouse to hide assets to protect them from division with an ex-spouse. If you suspect your spouse is not being fully transparent about...
What are common ways for a spouse to hide assets?
When going through divorce, many couples will want to keep as many of their joint assets as possible. They will usually want to avoid giving their spouse anything of theirs, too. This can lead in some cases to a spouse attempting to hide their assets. How do they...
Who is more likely to fight over assets?
Common myth states that the more assets a person has, the more likely they are to get into a serious dispute with their partner if they ever get a divorce. But just how much backing does this myth have? Do wealthier couples typically fight more over finances than...