When people in Texas decide to divorce, there can be long-lasting economic consequences that linger beyond the emotional and practical effects of the end of a marriage. Many people are particularly concerned about the threat of financial disaster. For women in...
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Property Division
Handling a family business during divorce property division
When business owners in Texas go through a divorce, they may face particular challenges. Many divorces carry serious financial implications that can have far more long-lasting effects than the psychological and practical consequences. However, when one of the assets...
Business owners and divorce
If a couple in Texas is getting a divorce and one of them owns a business, there may be several complicated issues to consider in the process of property division. The business will first need to be valued, and there are several different ways of doing this. The value...
What happens when dividing retirement accounts in divorce
A qualified domestic relations order is a type of court order that a couple in Texas might need if they are dividing a retirement account in a divorce. A QDRO allows distributions from a 401(k) or a pension plan without penalties or taxes. It is not necessary with an...