Getting divorced can be a messy and extremely stressful process. Who gets what? How do we decide what's fair? Do I get to keep my individual savings account? These are just some of the questions that may arise during your divorce process.
Divorce can be one of the most difficult life experiences, especially if you never imagined you'd be considering it one day. In thinking about everything that comes along with a divorce, from child custody to property division, you may feel overwhelmed. Decisions about these things cannot be made lightly, as they will have an impact on your life and your children's lives for years to come.
After a divorce, there may be certain terms that may have to be modified if your situation has changed or new information has come to light. In Texas, almost all post-divorce modifications will require the approval of the court. In most cases, evidence supporting the reason for the request will have to be submitted.
No two divorces are the same, and your situation is unique, especially when high-value assets are involved. No matter your circumstances, an experienced divorce lawyer can help. Read more to learn about your options.
Texas is one of nine states in the U.S. that has adopted community property laws. Unless someone is in the midst of a divorce, there's a good chance he or she doesn't know what that means. However, it's an important law to understand long before someone contemplates going through a divorce.
The myth that a non-working spouse may take his or her soon-to-be ex to the cleaners during a divorce is far from the truth. Sure, there are stories in celebrity news reports about gold-diggers walking away with millions after divorcing wealthy spouses. However, cases like that are rare.
Much is at stake for high net-worth individuals going through divorce. In addition to any child custody and alimony issues, the division of complex assets will have long-term financial consequences for both spouses, and aggressive legal representation is often needed to achieve a fair outcome.
When a couple gets divorced in Texas, the law says that marital property--called community property here--should be split between the spouses "in a manner that the court deems just and right." What is "just and right," however, may not be an equal split.