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Posts tagged "business assets"

Divorcing in Texas? Don't Hesitate to Protect Your Assets.

When people divorce in Texas, the law requires that their community property be divided between them in a way that is "just and right." The reality, though, is that a "just and right" split is not always a 50/50 split, and you may need an aggressive and experienced lawyer on your side to help you retain the full value of the assets to which you are entitled.

Protecting property during a divorce

Some residents of Texas may be interested to learn of a recent article discussing the advantages of preparing some aspects of a divorce ahead of time. More than 800,000 divorces are started every year in the United States, and one of the most difficult issues to decide is almost always asset division. Complex divorce cases often involve a prolonged series of asset valuations and reviews of property interests, in which one or both parties may find themselves being marginalized. In order to facilitate such procedures and perhaps prevent such animosity, the author presents five recommendations for possible courses of action to take before a divorce begins.

A postnuptial agreement can make divorce proceedings go smoother

If a prenuptial agreement was never arranged, married couples in Texas who are on the edge of divorce can sign a postnuptial agreement instead. Similar to a prenup, a postnup covers how real estate and business assets are to be divided in the event of a divorce. Tricky issues such as extra-marital affairs and even limits to a partner's weight gain can also be covered in a legal postnup.

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