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Property Division Archives

Divorce in a community property state

Texas is a community property state. This fact has very little bearing on most aspects of someone's life. For someone who is considering divorce, however, the fact that Texas is a community property state is very important. Below we will discuss the impact of Texas' community property laws on divorce.

What is a prenuptial agreement?

When Texas residents decide to get married they often don't think about what will happen if they divorce. However, with as many as 50 percent of all marriages ending in divorce, it is important for Texas residents to understand that a divorce is a serious possibility. Even engaged couples need to understand what could happen to their assets should a marriage be unsuccessful.

Real estate basics to understand during a divorce

Divorce can be an emotional and difficult time for individuals in Texas. People may have a very difficult time as they move forward from their shared life. However, people need to understand that a divorce is not simply a break up. But it is also the division of financial assets between the couple. Decisions made during the divorce can have a serious effect on a person's future financial health.

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