How To Spot a Community Property Income Issue in Your Divorce
Community property is a huge issue in many divorce cases. You need to know what community property covers because if you make a mistake, it can cost you. One of the most common mistakes people make concerns income. The mistake is not knowing how Texas community property laws apply to your spouse’s income , and […]
Don’t Lose Control of Your Business During a Woodlands Divorce
Getting a divorce in The Woodlands is already stressful enough for most people. When you add in a closely held business owned with other partners or a business operated entirely by a husband or wife it can get even more stressful. You probably want the business to keep operating without interference, but once a divorce […]
Exercising Stock Options and Divorce in The Woodlands
I’ve discussed before how stock options can be a complicated asset to deal with in a Woodlands Divorce case. They present valuation issues and even more complicated issues surrounding when and how they can be liquidated and divided. If your Woodlands Divorce attorney is not careful in the language he uses to divide the stock […]
Mediation, Divorce Agreements, and Fraud
Some people try to get away with being sneaky. Sometimes that mentality goes so far as to be deceptive in dealing with other people. This happens a lot (too much) in divorce cases. It is not uncommon for the husband or wife in a divorce case to not disclose assets to the other side in […]
Is Your Goodwill in a Business Community Property for Divorce?
Division of community property is almost always a key issue in a Woodlands divorce case. Some assets are easier to identify and divide than others. For example, identifying and dividing the community property portion of a simple checking account or life insurance policy is normally not very difficult. Other assets can be a lot more […]
Federal Life Insurance and Divorce
The final property division settlement in your Woodlands divorce case is the end of one part of your case, and the beginning of a very important next step. That step is to carry out the division of property described in the divorce decree. Often this includes removing your ex-spouse’s name from bank accounts, vehicle titles, […]
Pre-Marriage Stock Options and Separate Property Divorce Rules
Last time we looked at how to determine which portion of a stock option grant is separate property when the stock option is granted during the marriage. There is a different law and formula for determining the separate property treatment of a stock option that was granted before the date of marriage but required employment […]
Stock Options, Restricted Stock and Community Property in Divorce
Your separate property receives special protection when it comes to dividing property during a Woodlands Divorce. As a result of that protection, it is important to correctly identify every piece of property you own as separate property or community property. Two types of property that have specific rules for determining how much of it is […]
Adultery Results in 81% Property Award
Let me begin by being as clear as possible. In the eyes of the law it is not acceptable for either you or your spouse in a pending Woodlands divorce case to engage in adultery. If you choose to disregard that statement you do so at your own peril. In a recent Court of Appeals […]
Divorce Decree Language Trumps IRA Beneficiary Designation
Divorce decrees are not neutral documents. A key feature of every divorce decree is spelling out in black and white who has what rights to certain property. Since your rights to certain property are going to be restricted or protected by the language used in the divorce decree, it is a good idea to be […]