How Are Business Assets Divided in a Texas Divorce? A business is often one of a person’s most valuable assets, not only financially, but also personally. A successful business takes years of hard work, patience, and personal investment to grow from the ground up. If you are facing the possibility of a divorce, you may want to consider taking steps to ensure that your business assets are protected. The last thing a couple wants after going through a divorce is to have to sell off their business or...

Facebook, Instagram, Twitter, TikTok, Clubhouse… Social media is a big part of our lives today, thanks to ever-evolving technology, but can it affect those who are getting divorced? Divorce and social media can be a bad combination. Most adults today have at least one social media account, and the comments, photos, and videos shared on these accounts could affect their divorce in a negative way. Social Media Can Be Your Worst Enemy in a Divorce When spouses decide to divorce, social media accounts...

As you consider divorce or are going through divorce, you may start thinking about your credit score – and you should. Divorce can certainly have indirect but profound effects on your credit score. Learn more about divorce and your credit score here. Divorce and Your Credit Score While getting divorced does not damage a spouse’s credit directly, it can result in financial issues that do affect credit. For example, when a couple divorces one spouse may remain in the marital home, attempting...

When a couple owns a home and the marriage ends in divorce, important decisions must be made about what to do with the home. One spouse may want to remain in the home, but who then makes the mortgage payment? There are several factors that come into play in determining what happens with the home, including credit rating, equity in the home, and how the home or property was financed and titled. How Can Community Property Be Divided? Texas is a community property state, which means any property...

Alimony in Texas is a contractual construction and does not come up in Texas nearly as often as it does in other jurisdictions.  It is nevertheless an important consideration when going into the divorce process. Difference Between Contractual Alimony in Texas vs. Court-Ordered Spousal Maintenance In many marriages, one spouse earns a higher income than the other, while the other may work part-time, handle household duties, and care for children. After a divorce, the lower-earning spouse may not be...

List of Divorce Do’s and Don’ts Divorce is seldom easy. If you are considering a divorce, there are many things you should start thinking about now. Asset and property division, child custody and child support, and business-related concerns are just some of the issues that can come up during divorce proceedings. Historically, women do not fare as well financially in divorce proceedings (most of the time), so proper planning is especially important and can help mitigate financial worries. No matter...

What is a SAPCR in Texas? In divorces involving children, a SAPCR or Suit Affecting Parent-Child Relationship (SAPCR) is filed.  A SAPCR is a legal proceeding that determines child support, custody, visitation, and other rights in order to establish what is in the best interest of the child. Even if one spouse is pregnant at the time a divorce petition is filed, a SAPCR must also be filed and you must wait until after the child is born to get a divorce. How does property get divided in a divorce...