One of the top reasons couples give for getting a divorce, even in a good economy, is arguing and disagreements over financial issues. During a downturn in the economy, when people are losing their jobs and prices for everything from paper towels to real estate are skyrocketing, financial issues become even more stressful. At Springer & Lyle, we have some suggestions for couples who are on the edge of divorce or are already in the process of dissolving their marriage. Assess Your Financial Situation You and your spouse must conduct a thorough and honest assessment of your current … [Read more...]
Are All Assets Community Property?
When a married couple in Texas divorces, the law presumes that all property accumulated during the marriage is community property, which means it is owned jointly by both parties and should be divided equally between them. But all property may not belong to the community. One party may claim some assets as their own separate property. The law requires them to prove an asset is their own separate property by clear and convincing evidence. Assets Considered Community Property Assets that were accumulated during the marriage that are considered community property according to law … [Read more...]
Are All Assets Community Property?
When a married couple in Texas divorces, the law presumes that all property accumulated during the marriage is community property, which means it is owned jointly by both parties and should be divided equally between them. But all property may not belong to the community. One party may claim some assets as their own separate property. The law requires them to prove an asset is their own separate property by clear and convincing evidence. Assets Considered Community Property Assets that were accumulated during the marriage that are considered community property according to law … [Read more...]
How Can I Protect My Interests Prior To A Divorce?
The implications and impact divorce can have on your life can be overwhelming. There’s not just the emotional side to deal with, there are often children to think of, housing to sort out and complex legal details. In this time of turmoil, you need compassion, straight talk, and practical solutions. You might be wondering how can I protect my interests prior to a divorce? At Springer and Lyle, we’re here to help you by advocating for you with the best representation possible during this difficult time. Here are some important steps to take when beginning the divorce process. Make … [Read more...]
