Family law can bring up a number of stressors for couples who are in various situations. From same-sex marriages to high-asset divorce and those who have many children together, every case is different. For some, the way in which marital property is split up can be particularly challenging. Some people lose sleep over concerns about how the property will be divided, while others struggle with a court's decision after the fact. If you are unsure of how your property may be split up, or have questions related to the division of property during a divorce, it may be helpful to go over various facets of this issue. For example, you may want to review various examples of separate property.
Houston is a great place to build a family, a career, a home and a life. Many of our city's residents are living the American dream and hope to one day retire here. Though retirement is commonly viewed as a golden age in which couples can enjoy the fruits of their labors, it can for some people have an unintended consequence: too much time together.
Love is lovelier the second time around. So Frank Sinatra sang. Many in Texas would likely agree with the sentiment. Considering how much longer we all are living these days it also serves as a particularly hopeful statement about the chances of enjoying happiness with a significant other, no matter how old we are.
You've probably heard of the book, "Men Are from Mars, Women Are from Venus." Avid Texas readers of the appropriate age will remember that this book of the early 1990s sought to explain that many common issues in the relationships of men and women could be attributed to the fundamental psychological differences of the two sexes.
There's a lot to be said for organization. As we noted in a recent post, getting organized is a crucial part of striking a balance between too much and too little stress – finding just the right amount of equilibrium to feel that things are just right.
Some people seem to thrive in stressful situations. Most people in Texas, though, probably would agree that they'd be much happier and healthier with no stress at all. While there is clear evidence that too much stress can create physical and mental health problems, there's also research suggesting that too little can be bad, as well.
Divorce laws differ from state to state, and it is not likely that couples would include considerations about the divorce laws of their state in their marriage plans. However, gaining relevant knowledge may prove to be beneficial in the event of a divorce in the future. Texas is a community property state, and the manner in which property is classified and managed as either marital or separate during the marriage will rule the property division process.
Navigating a divorce is never easy. Any individual who is in the process of divorcing in Texas will know that making sure all matters related to property division, child custody and visitation, and more are addressed is a tremendous responsibility, as that person's future financial stability may be threatened if something is forgotten. One of the aspects that may be forgotten is dealing with an estate plan and a will.
Last time, we left off discussing the issue of coercion and fraud in the negotiation of marital agreements. Involuntariness and failure to disclose assets and liabilities can also occur in prenuptial agreement negotiations, of course, and it is important for all couples negotiating such agreements to have representation to protect their interests and ensure their agreements are going to be effective.
We’ve been looking in recent posts at the topic of keeping separate property separate in marriage as a way to protect one’s assets in the event of divorce. Then, in our last post, we began to look at using marital agreements to protect separate property from division in divorce.