The end of a marriage can destabilize a spouse's business, a legitimate concern shared by investors. A significant asset, like a family business, can be subject to Texas community property laws during divorce unless Houston couples agree in advance to terms of property division.
At this time of year, many people are working through troubled marriages, but they may not be ready to initiate a divorce. They may be intimidated by their spouse or the specter of backlash from family members who believe they should continue to work on the marriage. People considering divorce may also be hamstrung by the many myths that come with divorce, such as rich men always have an advantage in divorce court, or working women are seen as betraying children.
It's no secret that financial issues can lead to marital discord, and subsequently to divorce. With that, many people in financial (and emotional) toil may be unsure about how to proceed with dividing property and debt. The question becomes much more complicated with the prospect of bankruptcy is involved. Specifically, what should be done first: a divorce or bankruptcy?
Ending a marriage can be a difficult time for people in Houston and in the rest of the U.S. Regardless of the circumstances behind the marital dissolution, men and women go through the same whirlwind of emotions once the papers are filed and the ensuing legal battle begins. The emotional gender war revolving around how each person recovers is an ongoing conversation.
When people think about baby boomers -- the post-World War Two generation -- in Houston people think about a generation of people who grew up during some of the most tumultuous times in human history. Tough and resilient, baby boomers were at the forefront of the social and economic changes that defined the 20th century.