Medical doctors are under an incredible amount of stress these days, which sometimes leads to divorce. Those who have a private practice soon realize that it is treated just like any other business under Texas law, which means it will get divided up with the rest of...
High-asset Divorce
Kelly Clarkson’s prenup holds up in court
The contract's validity is a common issue when couples with a prenuptial/premarital agreement choose to divorce. Sometimes judges will rule that all or parts of the agreement are unfair and invalid, while at other times, they rule that they are valid. The latter was...
Can individuals challenge the community property presumption?
Texas is one of a handful of community property states. In simple terms, property accrued by each spouse during the marriage is rebuttably presumed to be community property that is subject to a "fair and just" division by the Court if the couple divorces. Property...
The Gates’ divorce starts with a separation agreement
Bill and Melinda Gates announced earlier this month that they were finally getting divorced after 27 years of marriage. Melinda filed in Washington State, citing that the marriage was irretrievably broken. The fourth richest man in the world and his wife are worth an...
How do I prepare to start a high-asset divorce?
In a divorce, the key to defending the best interests of you and your family is preparation. Divorce has lasting consequences that can affect what resources you have in the future, where you live, how you live with your children, and can cost a spouse thousands of...
Does a spouse get part of a business started before the marriage?
Dividing assets is often one of the most complicated parts of a divorce. Texas divorce laws call for couples to divide community (marital) assets during a divorce. Community assets are accrued after the marriage and generally divided equally if there is no fault in...
Dividing assets may require reimbursement claims
One of the most significant issues in any divorce involves the division of assets. Here in Texas, property or assets are categorized as community property (jointly owned by spouses) or as separate property (individually owned). Unless the couple has a prenuptial or...
3 financial priorities when preparing for divorce
Couples in upper-income tax brackets may live comfortably, but they soon realize there is less to go around when the family’s earnings go towards two residences. Moreover, there are other financial concerns about their post-divorce future, perhaps involving retirement...
Some divorces need a confidentiality agreement
Many in business will sign a non-disclosure agreement when they join or leave a company, but it does not occur to those same people that it might be a good idea to do this with their divorce. Both are a termination of a partnership or working relationship, but...
High-asset, high-conflict divorce may leave you with high stress
Going through divorce likely does not count as many individuals' idea of an enjoyable process. You, as a person with substantial wealth and considerable assets at stake, undoubtedly dread the idea of ending your marriage, especially if your spouse has a high-conflict...
