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.
Many of our readers have heard of the increasing popularity of prenuptial agreements to protect property from division in the event of divorce. As useful as prenuptial agreements are, though, not every couple has the foresight to negotiate such an agreement prior to marriage.
In our last post, we began looking at the issue of protecting one’s property from divorce. As we noted, one of the most effective ways to do this is to carefully negotiate and properly execute a prenuptial agreement. In the event that this is not possible for a couple, there are still some steps that can be taken to maintain some financial separation from a spouse.
Prenuptial agreements can be an invaluable tool for protecting assets in divorce. Couples who don’t have such an agreement don’t have as much control over how their assets will be divided, and the outcome in terms of property division is more uncertain.